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Commentary Topic from greenfaucet

Standard & Poors is Wasting Its Time And Yours

Standard & Poors was just on the network to talk about its new mutual fund rating service. Instead of just relying on past performance like other fund raters (like Morningstar) S&P will look under the hood to assess a mutual funds’ holdings according to Todd Rosenbluth, the S&P analyst who appeared on CNBC.

The new S&P service will be a combo of past results plus their ratings on the stocks held. He gave an example asking whether a fund owns AT&T or Qwest, it makes a difference and is important to know.