3 Prominent Funds With Bad Parents
These funds have parent companies with significant problems.
A version of this article was originally published in the November 2018 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor here.
The Parent Pillar rating is one of the five pillars that goes into the Morningstar Analyst Rating for funds. Many of the best funds come from parent companies with strong, shareholder-friendly cultures. On the other hand, if a fund’s parent has regulatory problems, management turmoil, or other issues, it’s a red flag, whatever that fund’s other virtues might be.
David Kathman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.