Grades Matter in Performance: Morningstar Stewardship Grades and Mutual Fund Performance

• Main Authors: GHOSH, Aurobindo, GOH, Jeremy, NG, Wee Seng
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Mutual fund performance; Corporate Governance; Stewardship Grades; Star Rating; mutual fund ratings; predictive regression; persistence; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3324; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4323/viewcontent/Paper_203_20__20gradesmatter_150812p.pdf
• Institution: Singapore Management University

Investors in mutual funds have the unenviable task of disentangling two mutually confounding effects. First, to fathom the future performance of the funds based on current evidence, and second, to assess how well the mutual fund managers will steward their investments under uncertain economic condit...