22 Downgrades for 2019
Kicking funds when they are down.
Mentioned: Fidelity® New Markets Income (FNMIX)
, Fidelity® Emerging Markets (FEMKX)
, Fidelity® Magellan® (FMAGX)
, First Eagle Fund of America Y (FEAFX)
, Gateway A (GATEX)
, BlackRock Global Allocation Inv A (MDLOX)
, American Funds New Economy A (ANEFX)
, T. Rowe Price High Yield (PRHYX)
, T. Rowe Price New Horizons (PRNHX)
, Mairs & Power Balanced Inv (MAPOX)
The following was published in the September issue of Morningstar FundInvestor. The Morningstar 500 is the list of funds tracked in FundInvestor.
We have downgraded 22 funds in the Morningstar 500 so far in 2019. So, at the risk of being a downer, I'll go through those funds and our reasons why.
Russel Kinnel has a position in the following securities mentioned above: LSBRX, ARTGX, PRHYX. Find out about Morningstar’s editorial policies.