Morningstar, a provider of independent investment insights, has published its first-ever Morningstar Medalist Ratings for Semiliquid Funds. These forward-looking, qualitative ratings assess the performance potential of semiliquid strategies compared to their relevant peers and traditional mutual funds and exchange-traded funds (ETFs).
Semiliquid funds, which aim to make private markets more accessible and include popular vehicles like interval funds, have grown more than 60 percent since 2022, according to Morningstar research. However, their fee structures and limited liquidity make them difficult to evaluate, underscoring the need for independent analysis of these vehicles.
“Private investments are making their way into retail portfolios, but navigating this complex and evolving market comes with a significant information gap for many investors,” said Laura Lutton, global head of manager research. “The Medalist Rating for Semiliquid Funds takes a measured appro
