TrackInsight Expands ETF Ratings Service

September 25, 2015

French-based advisory group Koris International has expanded its exchange traded fund (ETF) ratings service, allowing investors to make more informed decisions when picking investment vehicles.

TrackInsight, which launched in June this year, has expanded from rating 520 to 549 Europe-listed ETFs, and now provides detailed information on a total of 731 ETFs, jumping up from 650 funds.

Jean-Rene Giraud, CEO of Koris, told that 136 of the analysed ETFs received a rating of between three and five stars, which show a good record of tracking error and tracking difference. TrackInsight only rates ETFs that have a three-year consistent track record and have at least €50 million assets under management.

Referring to further expansion, Giraud said: “It should be stable now. Large institutions have very little interest in the other ETFs.”

Ratings services have increased recently across Europe, with the likes of FE Trustnet launching a similar offering with ratings increasing from 230 to around 250 UK-listed ETFs and passive funds. The main critera at FE Trustnet are fund size, tracking error and tracking difference.

Morningstar does not currently rate ETFs, although it does rate passive index trackers as of December 2013: the firm looks at five things: people, parent, process, price and performance.




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