Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:M*'s New Ratings Praise FPA, Demote Bogle and Lord Abbett Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 29, 2012

M*'s New Ratings Praise FPA, Demote Bogle and Lord Abbett

Reported by Chris Cumming

Morningstar just dropped off another batch of analyst rankings, which is good news for First Pacific Advisors (FPA) and Pimco, less so for Lord Abbett and Bogle Investment Management.

The $242 million FPA Perennial fund, managed by the Los Angeles-based FPA, is Morningstar's the latest gold-rated fund. It's got a 1 percent expense ratio and has returned 12.75 percent so far this year, according to Morningstar. Other upgraded funds are the $7.1 billion Pimco Emerging Markets Currency fund, which has a 1.1 percent expense ratio and is up 6.92 percent year to date.

Three funds retained gold ratings through this latest round of scrutiny: Matthews Asia Dividend Investor Fund, Royce Premier Investment, and T. Rowe Price Mid-Cap Value.

But Morningstar's analysts handed out some coal along with the gifts. The $112 millionBogle Small Cap Growth Instl fund was dropped from gold to silver, while the Lord Abbett Total Return I slipped from bronze to neutral.

So now PMs from Bogle and Lord Abbett can sympathize with Jeff Gundlach and share his well-publicized disdain for Morningstar's analyst rankings. And the controversy about the research firm's methodology and judgment will continue to simmer. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use