Why Do Active Fund Managers Closet Index? It's in Their Interest$
A new study seeks to locate active mutual fund managers’ incentives for closet indexing. One likely candidate: it will help their comp.
Morningstar Slams Study Questioning Its Rating System
Morningstar developed steward ship grades in order to evaluate the mutual funds it tracks by corporate culture and responsibility.
When You Wish Upon a Star
Few accolades matter as much to a mutual fund as Morningstar's five-star designation. But, whether an investor can expect higher returns from higher rated funds is an important question.
WHAT FUND RATINGS REALLY TELL US
Morningstar's fund ratings are enormously powerful. Numerous studies have documented that highly rated funds attract more assets. Fund managers face constant pressure to achieve success...