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Fund Spy

Growing Fund Choices Spur 4 New Categories

We're launching new equity, fixed-income, and alternatives categories to give investors a more focused lens for research.


In yesterday's Fund Spy, Janet Yang and Benjamin Alpert elucidated the reasons behind the most recent modifications to the Morningstar Categories for allocation funds and the impact of those changes. Today, we focus on the rollout of new categories across the equity, fixed-income, and alternatives asset classes.

The four new categories are infrastructure (within the equity asset class), emerging-markets local currency (within fixed income), and option-writing and long-short credit (both within alternatives). The rationale and details behind each new category are spelled out below. We don't make category introductions or category changes lightly or quickly; just because there's growth in a product type doesn't mean we'll automatically roll out a new category. But sometimes, the expansion of new product subtypes within an asset grouping can result in increasing heterogeneity within a category, so creating new categories allows us to maintain consistency across funds within a Morningstar Category.

Josh Charlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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