Mutual fund research can be made easier with a good online research tool. Whether you are a beginner or a pro and if you are looking to buy the best mutual funds, review an existing fund, compare and screen different funds or you are just trying to learn something new, these mutual fund research sites are among the best.
Morningstar: They may be best known for their "star rating" system, which is on a scale of one to five stars, that helps investors choose mutual funds. Morningstar also offers tools, such as software for professionals, and research information available to all levels of mutual fund investors online. Morningstar also extends their information and commentary to Exchange Traded Funds (ETFs) and Hedge Funds. Morningstar has both free and premium services for investors.
Lipper Leaders: A Thomson Reuters company, Lipper is "a global leader in supplying mutual fund information, analytical tools, and commentary." This online fund research tool by Lipper is useful to both professional mutual fund advisors and individual investors. Lipper rates mutual funds compared to their peers and provides an instant measure against five metrics, called "Leaders" -- total return, consistent return, preservation, expense, and tax efficiency.
Kiplinger Mutual Fund Finder: With this search and comparison tool from long-trusted financial resource, Kiplinger, investors can research a specific fund, find funds that match a specific search criteria, compare multiple funds and download and save fund data for personal analysis.
MAXfunds: With their "Fund-O-Matic Fund Screener" investors can find the best funds, as MAXfunds says, "without an advanced finance degree." The self-described "mutual fund research for regular people" can be a a quick and easy way for the do-it-yourselfer to find high quality, low cost mutual funds.
FundReveal: If you prefer actively managed funds vs index funds, and you want a good premium research tool that takes an unconventional approach to evaluating fund performance, you should consider FundReveal. In their own words, "FundReveal is not based on past total returns, subjective analysis, hunches, opinions, or popularity contests. We are not associated with any investment firm, brokerage firm, or mutual fund company in any way; we have no biases." In translation, FundReveal does use past returns but just not total returns; they use "average daily returns" to help determine the fund management's capability or skill. This may help an investor dig deeper to help predict future returns that can be impacted by the daily decisions made by fund managers.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.