Investment insight firm Morningstar has introduced its Morningstar Medalist Rating for Semiliquid Funds, expanding its existing framework.
The rating is set to bring greater transparency and due diligence to private markets. Furthermore, the rating expands on the Morningstar Medalist Rating, the company's forward-looking ratings methodology used for mutual funds and ETFs, to a number of vehicles with limited liquidity or exposure to private market assets. Asset management M&A activity fails to bring 'meaningful profitability improvements' These can include interval funds, tender-offer funds, nontraded real estate investment trusts (REITs), and nontraded business development companies (BDCs) in the United States, as we...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
