Does Morningstar Shine in the Universe of Mutual Funds? A Study on Morningstar Mutual Fund Ratings

• 主要作者: NG, Wee Seng
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2009
• 主題: mutual funds; performance persistence; portfolio performance; rating services; risk aversion; Portfolio and Security Analysis
• 在線閱讀: https://ink.library.smu.edu.sg/etd_coll/10; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1009&context=etd_coll

Using data from Morningstar Principia CDs and employing standard methodologies, we examine the extent to which two mutual fund ratings: Morningstar star ratings and Morningstar stewardship grades can predict future fund performance. In particular, we investigate whether the combined predictive power...