Morningstar has officially launched its new Morningstar Medalist Rating, which combines two ratings — the Morningstar Analyst Rating and the Morningstar Quantitative Rating — into one.
The new system, which the research firm announced last year, aims to make it easier for investors to research and pick investments.
Open-end mutual funds, ETFs, separately managed accounts and model portfolios can receive Gold, Silver, Bronze, Neutral or Negative ratings on the new scale, according to a firm FAQ.
The Medalist Rating is available on all Morningstar platforms. An article on the new system is available on the firm's website.
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