The Morningstar Quantitative Rating was launched last year. They took a hard look at how the rating has performed thus far.
The rating is calculated monthly and is designed to provide investors with even more fund coverage evaluate their investments. It is an extension of the Morningstar Analyst Rating but for funds – designed to provide “an analyst’s forward-looking assessment of a fund’s ability to outperform its peer group or a relevant benchmark on a risk-adjusted basis over a full market cycle.
Since it’s launch in the U.S. in June 2017 it has since been introduced in Europe, the Middle East, Africa and South Korea.
The Quantitative Ratings offer investors a forward-looking assessment on funds after only one month, whereas investors have to wait for three years of performance for the Morningstar Rating or Stars.
An examination of the Morningstar Quantitative Rating shows that it does work. Looking at funds that were recommended, they clearly outperformed those that had been marked as Neutral and Negative when the rating system was launched last year.
You can read more about the Morningstar Quantitative Rating system and the analysis of the first year here.
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