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- Title
Morningstar ratings and future performance.
- Authors
Gerrans, Paul
- Abstract
Morningstar is one of the major ratings suppliers of Australian managed funds. Ratings are a convenient information source for investors. Over time the ratings methodology used by Morningstar in Australia has become more like its North American counterpart. However, Morningstar Australia uniquely retains a commitment to a qualitative dimension to their research. This paper explores the relationship between Morningstar, qualitative and quantitative ratings and future fund product performance. Results do not support predictive power in the ratings, in the relatively short periods available for analysis, using a range of commonly used performance measures.
- Subjects
AUSTRALIA; BUSINESS forecasting; MORNINGSTAR Research Pty. Ltd.; MUTUAL funds; SUPPLIERS; INVESTORS; INFORMATION resources; PERFORMANCE
- Publication
Accounting & Finance, 2006, Vol 46, Issue 4, p605
- ISSN
0810-5391
- Publication type
Article
- DOI
10.1111/j.1467-629X.2006.00185.x