Morningstar Fund is rated for open-end funds with performance data of not less than one year, in which money market funds and capital preservation funds do not participate.
The rating is updated monthly, and there are one-year, two-year and three-year ratings at this stage. Among similar funds, each fund is divided into five stars according to the risk-adjusted MRAR. Morningstar star rating is a quantitative evaluation based on the past performance of funds, which aims to provide investors with a tool to simplify the process of selecting funds. It is the starting point for further research on funds and should not be regarded as a suggestion for buying and selling funds.
Extended data:
Importance of rating
1. Record and reflect the history, present situation and trend of the development of China stock market.
2. Analyze and reveal the internal laws of China stock market and fund industry.
3. Provide investors with asset allocation model and investment income analysis tools.
4. Provide basis and objectives for developing and researching different index investment products.
References:
Morningstar Rating-Baidu Encyclopedia