Fundsters from overlooked but outperforming boutiques, consider giving a shout to the folks at Mutual Fund Observer
. They want to shine a spotlight on your wares!
| David Snowball|
Mutual Fund Observer
Earlier this month MFO
publisher David Snowball asked
his investor, advisor, and PM readers, "Has your fund been left behind by Morningstar?" Snowball sees many highly-rated funds that lack analyst coverage by Morningstar
, so each month the publication is going to highlight a different strong equity fund that is no longer covered by M*'s analysts. He writes:
In the months ahead we'll try to bring one fund each issue back into the light. If you manage a fund that's lost analyst coverage but think you since have a story to tell, let us know. We'll do our best.
Snowball is also adding a "Morningstar's forgotten funds" option in the multi-search screener for the publication's premium members.
puts some numbers on boutiques' difficulties in gaining M*'s attention. 3.4 percent (195 out of 5,700, excluding target date funds) of funds with under $1 billion in AUM are covered by M*'s analysts. For consistent strong performers (funds that have maintained four or five star ratings for three, five, and ten years), the numbers are somewhat better: 39.6 percent (237 out of 599, excluding muni bond funds) have M* analyst coverage. And MFO
reports that many of those consistent strong performers that lack analyst coverage now actually used to have it, though M* no longer shows analyst reports that are more than two years old.
InvestmentNews also highlighted MFO's
plans for drawing attention to "Morningstar's forgotten funds."
Neil Anderson, Managing Editor
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