Morningstar Analytical Mutual Fund Measures and Selection Model

49 Pages Posted: 25 Aug 2014 Last revised: 6 Apr 2017

John A. Haslem

University of Maryland - Robert H. Smith School of Business

Date Written: July 29, 2014

Abstract

First, this study reviews Morningstar analytical grading measures used by investors to choose mutual funds. These measures include Morningstar Star Ratings, Analyst Ratings, Total Pillar Ratings, Upside and Downside Capture Ratios, and Stewardship Ratings. Second, the study provides results of research that assesses effectiveness of Morningstar fund grading measures. Third, a model using selected Morningstar fund grading measures (and data) is applied to selection of Vanguard domestic actively managed equity funds.

Suggested Citation

Haslem, John A., Morningstar Analytical Mutual Fund Measures and Selection Model (July 29, 2014). Robert H. Smith School Research Paper No. RHS 2486163. Available at SSRN: https://ssrn.com/abstract=2486163 or http://dx.doi.org/10.2139/ssrn.2486163

John A. Haslem (Contact Author)

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742
United States
202-387 2025 (Phone)

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