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 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?”, 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 This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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