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Fund Spy

Can a Great Stock Also Be a Great Fund Family?

BlackRock has yet to realize its full potential for fundholders.

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Morningstar recently issued a new Stewardship Grade for BlackRock. The firm's overall grade--which considers corporate culture, fund board quality, fund manager incentives, fees, and regulatory history--is a C. What follows is Morningstar's analysis of the firm's corporate culture. This text, as well as analytical text on the other four Stewardship Grade criteria, is available to those who subscribe to Morningstar's software for advisors and institutions: Morningstar Principia®, Morningstar Advisor Workstation(SM), Morningstar Office(SM), and Morningstar Direct(SM).

 BlackRock (BLK) is a great entrepreneurial story and has been a terrific stock, but its investment culture has lagged its business successes.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.