Seeing New Stars

Physician's Money DigestOctober31 2003
Volume 10
Issue 20

For years, mutual fund investorshave looked to Morningstar's star ratingsfor guidance in choosing a fund. Arelatively recent challenge to Morningstar's( positionis Lipper Leaders (, which uses big orange checkmarks instead of stars to indicate top-performingfunds. Funds are rankedbased on 5 criteria—total return, consistentreturn, preservation of capital,tax efficiency, and expenses. Funds areusually not leaders in all categories; theidea is to pick the criteria that are mostimportant to you and select a fund thatgets a top rating for that category. Youcan also screen funds using an almostlimitless choice of fund types, fromlarge cap core funds, to specializedfunds like utilities, to state-orientedmunicipal-bond funds. Best of all, theinformation is free.

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