Mutual Fund Star Ratings: Are They Useful?
Many people are somewhat familiar with mutual fund star ratings that were popularized by Morningstar’s 5 star rating system. For many busy working professionals, they often rely on the star ratings to pick funds in their 401K or other retirement accounts.
Unfortunately, the result of using the ratings system has been very mixed to say the least. Let’s look at the ratings and how they have been used in more details.
How does Morningstar rate mutual funds?
Based on Morningstar:
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