Filed Under:Markets, Employee Benefits

What's the story behind Morningstar's Star Ratings?

(AP Photo/M. Spencer Green)
(AP Photo/M. Spencer Green)

When FiduciaryNews.com published a story that, despite the provocative title, merely relayed the fairly uniform feelings of many financial advisers (see “Have Mutual Fund Rating Agencies Lost Their Mojo?” FiduciaryNews.com, January 15, 2013), no one expected the Spanish Inquisition.

In the piece, we quoted a source who said, “Morningstar was honest enough to state exactly that in a recently published article on their site where they pointed out that their proprietary star rating system is not a valid indicator of future investment performance or even relative performance.” To be clear, the article didn’t single out Morningstar, although this particular quote did.

Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.