MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, January 9, 2012 NY Times Evaluates Morningstar and S&P Fund Ratings Morningstar's just landed some extra national exposure for its new, forward-looking, mutual fund rating system. On Saturday the New York Times' Robert Hershey highlighted Morningstar's new analyst ratings, comparing it to different systems from Standard & Poor's and Lipper. The article offers an overview of all three systems. The NYTimes emphasized the predictive nature of S&P's system and of Morningstar's analyst ratings, when compared with performance-centric systems like Morningstar's star ratings. The S&P system draws on S&P's recommendations regarding the individual investments inside of a given mutual fund, recommendations based on S&P's expectations for an investment's returns over the next twelve months. Meanwhile, the Morningstar analyst ratings come from five pillars, including backward-looking performance, as well as more forward-looking areas like people, process, parent and price. Vanguard founder Jack Bogle, Morningstar fund analysis director Karen Dolan, and S&P's lead mutual fund ratings developer, Todd Rosenbluth, all weighed in for the article. Printed from: MFWire.com/story.asp?s=38777 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |