Morningstar’s new forward-looking fund ratings – CBS News

(MoneyWatch)

Morningstar just launched its new forward-looking rating system for mutual funds. It’s intended to be a better predictor of future performance than its famous star rating system. I spoke to Morningstar’s managing director, Don Phillips, about their new ratings and what it means for investors.

via Morningstar’s new forward-looking fund ratings – CBS News.