In the Olympics, its pretty easy to know why someone wins a medal — they cross the finish line first, jump the highest, or hit the most targets. With mutual fund medals from Morningstar, it can be a bit more murky.

Director of mutual fund research Russel Kinnel looks to clear some of that up in today's Fund Spy column:

We try to help you by focusing on long-term competitive advantages such as management, fund company, expenses, strategy, and long-term performance.

If you want to tilt your portfolio to emerging markets or make a bet on inflation resurging, we can point you to good funds that can fill that role, but we won't tell you how to tilt your portfolio.

For more details on how some medalists were rated, check out the original story here.  

Edited by: Ben Geier


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