If you were at our client conference last month, you heard Shannon Zimmerman, one of Morningstar's top analysts, promote their updated mutual fund rating system.In addition to the traditional backward looking system, Morningstar now offers a qualitative methodology that also looks at people, process, parent, performance, and price.
The firm will expand coverage to 1500 funds by the end of 2012, but covers just 350 funds so far.
What do you think of the new system?
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