Morningstar (MORN) addresses the backward-looking nature of its "star rating" system for mutual...

|By:, SA News Editor

Morningstar (MORN) addresses the backward-looking nature of its "star rating" system for mutual funds, introducing forward-looking, analyst-driven ratings for ~350 U.S. funds to supplement its standard system which assigns one to five stars based on a fund’s past risk- and load-adjusted returns vs. category peers.