TrackInsight Expands ETF Ratings Service

Detailed information is available for 731 ETFs, and 549 funds have a rating  

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Editor, etf.com Europe
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Reviewed by: Rachael Revesz
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Edited by: Rachael Revesz

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 ETF.com 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.

 

 

Rachael Revesz joined etf.com in August 2013 as staff writer. Previously an investment reporter at Citywire, she has a background in writing content for retail financial advisors and has covered a wide range of subjects in finance. Revesz studied journalism at PMA Media, which has since merged with the Press Association. She also holds a B.A. in modern languages from Durham University, as well as CF1 and CF2 financial planning certificates from the CII.