Morningstars San Lie, hoofd onderzoek beleggingsfondsen, legt in het programma Binck Beursvloer het verschil tussen de Morningstyar -sterren- Rating en de Morningstar Analyst Rating uit. Deze slides gebruikte hij als toelichting.

1. ©2014 Morningstar. All Rights Reserved.
Algemene introductie Morningstar &
verschillen tussen de Morningstar Rating en de
Morningstar Analyst Rating
San Lie, Head of Fund Research Benelux
Beursvloer
10 juni 2014

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6. Beleggingsfondsen
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Verschillen tussen de Morningstar Rating en Morningstar Analyst Rating
• Morningstar Rating TM
– Achteruitkijkend. Objectief. Kwantitatief.
• Morningstar Analyst Rating TM
– Vooruitkijkend. Subjectief. Kwalitatief.

7. Beleggingsfondsen
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De Morningstar Rating
• 3, 5, 10 jaars en Overall Morningstar Rating op basis van rendement
(na kosten) versus risico in een relevante vergelijkingsgroep
• Geeft weer hoe goed een beleggingsfonds gepresteerd heeft ten
opzichte van relevante concurrentie
• De eerste en meest gebruikte rating voor beleggingsfondsen!

8. Beleggingsfondsen
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De Morningstar Analyst Rating
People
Process
& Portfolio
Performance Parent Price

9. Beleggingsfondsen
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Waar zijn de verschillende ratings te vinden?

10. Beleggingsfondsen
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Waar zijn de verschillende ratings te vinden?

11. Beleggingsfondsen
11
Wat vinden Morningstar-analisten van Robeco N.V.

12. Beleggingsfondsen
12
Wat vinden Morningstar-analisten van Robeco N.V.

13. Conclusie
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Op basis van een analyse van…
• People
• Process & Portfolio
• Performance
• Parent
• Price
…bepaal je je oordeel (en niet alleen op basis van de sterren)