Tuesday, November 15, 2011

Complete listing of New Morningstar Analyst Ratings for Mutual Funds (All 1683)

UPDATE: 8/1/12 - You can see updated ratings as of 6/30/12 here.

CORRECTION 11:25pm ET 11/15/11: Please note the reason the comprehensive listing (1,683 funds) is dramatically larger then that announced by Morningstar is because the comprehensive list includes European and Canadian mutual fund rankings. Sorry for the confusion...no need to read the rest of this post! Although you can view all US Fund ratings as of 11/15/11 here.

So Morningstar announced today  the release of it's new Analyst Rating system for Mutual Funds. (Bold added by me).
"Morningstar today published a new Morningstar Analyst Rating on roughly 350 mutual funds sold in the United States. As outlined in a series of recent articles, this new system is the summary view of Morningstar analysts' assessment of a fund's strengths and weaknesses across five key pillars: People, Process, Parent, Performance, and Price."  
"To see the Morningstar Analyst Ratings, read supporting analyses, and learn how funds stack up across the five pillars, visit Morningstar.com. We have roughly 350 Morningstar Analyst Ratings available today and will continue to publish new ratings and accompanying research daily as we ramp up to approximately 1,500 funds by the end of 2012." 

And they talk about the launch in this interview (excerpts below). Supposedly through the end of this year they will have 300-400 funds rated.....and they claim they will "ramp up" to about 1,500 funds by the end of next year.
"Stipp: So, lastly, Karen, this is obviously a very big endeavor for the fund research team. This is something that you're going to be rolling out over time. Can you give us a sense of when we'll expect to see these new reports and how many we'll see to start with and what you'll be doing afterward?
Dolan: ... We're not going to be re-rating our entire universe right off the bat. We are going to be working toward that throughout 2012, but what you'll see from us through the end of 2011 is about 300 to 400 funds will be rated, and then we are going to work up over time. ... We have to keep up with the ratings that we've already launched. So, we have to balance that maintenance of the research that people are relying on us for with the ramp-up of the new ratings. So, throughout 2012 we expect to ramp up to about 1,500 funds rated in this new system."
However, the reality is they have already rated 1,600 Funds and have another 82 listed as "Under Review" status. Clearly they did not secure this very well. You can view the PDF here if you can't still view it directly here http://corporate.morningstar.com/us/documents/AnalystRatings/CurrentAnalystRatings.pdf  

If the ratings are already there, what are their real motives behind only officially releasing the select "300-400" in 2011? How did they decide which ones to release?

1 comment: