Morningstar Expands Ratings, Fund Reports

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Chicago-based data and investment research provider Morningstar last week issued its first Morningstar Analyst Ratings and Global Fund Reports, initially covering around 40 alternative US mutual funds representing roughly 75 percent of the alternative fund universe, though the company plans to increase its coverage to 100 funds over the coming year. The Morningstar Analyst Rating—which assigns a rating of gold, silver, bronze, neutral or negative—complements the existing Analyst Rating for funds that the vendor launched last year, which now covers more than 800 US funds.

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