Money Managers Weigh In On Vexing Morningstar Ratings
May 22, 2018 by Brian O'Connell
A new study has some analysts questioning the effectiveness of Morningstar’s fund rating system.
Only 12 percent of Morningstar five-star funds maintained that pristine rating five years later, according to the Wall Street Journal report. Ten percent of five-star picks wound up being one-star picks over the same timeframe.
Those statistics prompted renewed criticism of Morningstar, with some investment industry observers questioning the ratings, while others are standing by the system.
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Originally Posted at InsuranceNewsNet on May 22, 2018 by Brian O'Connell.
Categories: Industry Articles