New Tools to Rate Mutual Funds and ETFs
The Saturday WSJ always has good things. Thanks go to Eleanor Laise for pulling this info together on the front page of the Money & Investing section of today’s paper.
Seems over the past 2 months, there are some new tools out to rate mutual funds. These tools are fairly similar to the Morningstar and Lipper services. Fundgrades.com from Financeware and it’s free. Can’t beat that. It comes with a twist that I like in this age of funds that have a go-anywhere attitude. You can compare a fund aganist any group of assets you pick.
On the ETF side check out etfguide.com/beta. Though in “beta” it lists the ETF strategy the uses – the index it tracks. Indexuniverse.com now has an ETF screener.
When it comes to comparing mutual funds and ETF’s Rydex Investments has a “trading expense calculator” under “investor resources”.