Morningstar has published its latest monthly summary of Analyst Rating activity for 731 fund share classes, ETFs and separately managed accounts/collective investment trusts.
In July 2020, the research firm upgraded 52, downgraded 200 and added 54 to its coverage.
Of the 168 unique strategies (after “sifting out” multiple share classes and vehicles), analysts assigned first-time ratings to nine.
The Morningstar Analyst Rating keeps track of a fund’s ability to outperform on a risk-adjusted basis over the long term.
The five-tiered, qualitative Morningstar Analyst Rating scale has three positive levels, indicating Morningstar Medalists — Gold, Silver, and Bronze — in addition to Neutral and Negative ratings.