This is an interesting note from Morningstar on how their analysts are going to start rating funds including qualitative measures:
The new ratings, which will include single-A to triple A on the positive end, neutral and negative, will start showing up on about 200 funds this fall. Over the next 12 months, Mr. Phillips expects the ratings to be applied to about 1500 funds, and the expansion will continue from there.
Although I still think there is a need (black box or open source) for a Netflix style contest to come up with the best algos and methods to picking the best funds…
