Nations Funds has added the Nations Financial Services Fund to its $117 billion mutual fund family. The fund represents the first in Bank of America's sector fund series. (added 5:00 PM)

Liberty touts its tax efficiency with a stale study from 1999. The not-quite-sold fund firm released a Tax Pain index today, informing naive consumers that people have had to pay a lot of taxes on their mutual funds lately! (added 5:00 PM) 

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