2007 | OriginalPaper | Chapter
Improvements and Limitations of the Revised Morningstar Fund Rating Methodology
Author : Roman Kräussl
Published in: Diversification and Portfolio Management of Mutual Funds
Publisher: Palgrave Macmillan UK
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Households increasingly use mutual funds as their main long-term investment vehicles. Today, the number of mutual funds available exceeds 17,000 in the United States alone.1 Market participants are therefore in need of valid, unbiased and straightforward information in order to select mutual funds with the best future prospects. But how does the average investor distinguish a superior mutual fund from another?