Morningstar: Force to be reckoned with

02 Jul 2014, Chicago, Illinois, USA --- Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Company (PIMCO), speaks at the Morningstar Investment Conference in Chicago, Illinois, in this June 19, 2014 file photo. Gross' Pimco Total Return Fund, the world's largest bond fund, posted $4.5 billion in net outflows in June, marking its 14th straight month of investor withdrawals despite improving performance, Morningstar data showed on July 2, 2014. REUTERS/Jim Young/Files (UNITED STATES - Tags: BUSINESS) --- Image by © JIM YOUNG/Reuters/Corbis

The research firm’s rating system gives it great power to influence the $30tn mutual fund industry

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©Winni Wintermeyer

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