Six months after they were named as part of the opening-round, Canary Capital portion of the mutual fund scandal, Bank One’s One Group funds are no longer sell material, a Morningstar analyst said on Friday.

By tackling its improper trading problems internally – first with an investigation, then with the firing of key executives, and later with the creation of chief compliance and chief legal officer positions – Bank One improved One Group funds to the point where they "can now be evaluated on their merits," according to Morningstar analyst Dan McNeela.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.