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Morningstar Ratings Misrepresented By Some Money Managers In Ads

FYI: Morningstar ratings are sometimes misrepresented by money managers in advertisements targeted at investors, according to a report.

The Wall Street Journal found at least eight inaccurate ads out of more than three dozen mutual fund and exchange-traded fund advertisements. Some ads contained ratings that were higher but out-of-date, while others included misleading language.
Regards,
Ted
https://www.bizjournals.com/chicago/news/2017/11/20/morningstar-ratings-misrepresented-in-some-ads.html
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