Manager Changes Spur Ratings Downgrades in June
In all, we changed Morningstar Analyst Ratings on 15 funds in June.
We changed 15 Morningstar Analyst Ratings in June and initiated 10 more. We downgraded six funds, upgraded four, put three funds under review, and rated two funds formerly under review.
We upgraded two J.P. Morgan funds: We raised JPMorgan Mid Cap Value (FLMVX) to Gold from Silver and JPMorgan Equity Income (OIEIX) to Silver from Bronze. While downgrades often happen due to one big event, upgrades are more about the steady ascent of a good fund. Continued stability in analyst and manager ranks, strong performance, and declining fees are among the factors that gradually make a fund look better. That's the case for these two J.P. Morgan funds.
Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.