Morningstar, Inc. has introduced the Morningstar Analyst Rating and Global Fund Reports for approximately 40 alternative U.S. mutual funds, representing about 75% of the alternative fund universe by assets, according to a press release. Over the next year, the company plans to increase its alternatives coverage to approximately 100 funds.
Initially, Morningstar analysts assigned a Gold rating to one alternative mutual fund, a Silver rating to nine funds, a Bronze rating to seven funds, a Neutral rating to 17 funds, and a Negative rating to six alternative funds.
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