Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Morningstar Makes Foray Into ETF Rankings Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 3, 2006

Morningstar Makes Foray Into ETF Rankings

by: Armie Margaret Lee

Morningstar is jumping into the exchange-traded fund ranking arena. The Chicago-based mutual fund rating firm will unveil a service Friday that will enable investors to compare ETFs, The Wall Street Journal reports.

The move comes amid the explosion in popularity of ETFs, the recent annual growth of which has outpaced those registered by most other asset management products. From 102 in 2001, the number of ETFs in the US has grown to 201 at the end of January, according to figures from the Investment Company Institute Assets under management have reached nearly $313 billion, triple the figure from five years ago.

The new offering from Morningstar, which is free of charge, will rate ETFs in the same fashion as traditional funds, with the use of one to five stars based on Morningstar's calculation of past performance as adjusted for the riskiness of investment. A fund must be in the 10 percent of its category to garner a five-star ranking.

Initially, only about 100 ETFs that have at least a three-year performance record will be monitored.

Don Phillips, managing director of Morningstar, told The Journal that the goal of the service is to compare ETFs with traditional mutual funds "that invest in the same territory."

Research firm Lipper Inc. and rating firm Standard & Poor's are already providing rankings for ETFs. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use