May Analyst Ratings Upgrades, Downgrades, and New Coverage
Highlights and lowlights from last month.
We assigned Morningstar Analyst Ratings to 535 fund share classes, exchange-traded funds, and separately managed accounts/collective investment trusts in May 2020. Of these, 325 maintained their previous rating, 48 were upgraded, 111 were downgraded, two were placed under review owing to material changes, and 49 were new to coverage.
Distilling share classes and vehicles down to distinct strategies, Morningstar analysts assigned ratings to 141 unique strategies. Of these, 15 were new to coverage while the remaining strategies had at least one investment vehicle previously covered by a Morningstar analyst. Below are a few highlights of the upgrades, downgrades, and new coverage for the month of May.
Supreet Grewal does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.