In December, Morningstar’s analysts assigned new ratings to 11 U.S. funds and four separately managed accounts.
Morningstar recently published its summary of Morningstar Analyst Rating activity for 158 U.S. open-end mutual funds, exchange-traded funds and eight SMAs that occurred in December 2018.
Analysts also upgraded ratings for seven funds and one SMA, downgraded ratings for 10 funds and one SMA, affirmed ratings for 127 funds and two SMAs, and placed three funds under review.
“T. Rowe Price New Horizons was upgraded to Gold from Silver in December due to its ability to remain a superb long-term option despite a growing asset base,” Laura Pavlenko Lutton, Morningstar’s director of manager research for North America, said in a statement.
According to Lutton, Henry Ellenbogen began managing the fund in March 2010 and has outperformed 99% of peers by focusing on emerging growth companies with strong prospects.