RT Journal Article
SR Electronic
T1 Is the Morningstar Rating System Global?<br/>
               <em>Evidence from Israel</em>
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 86
OP 102
DO 10.3905/jwm.2012.15.3.086
VO 15
IS 3
A1 Offer Moshe Shapir
A1 Uri Ben-Zion
A1 Koresh Galil
YR 2012
UL https://pm-research.com/content/15/3/86.abstract
AB This study examines ratings of Israeli mutual funds specializing in the major stock indices during the December 2003–April 2007 period. They authors compare the predictive abilities of ratings provided by a local rating agency (S&amp;P-MAALOT) with those of a Morningstar-type rating system and other alternatives. They show that the ratings of the commercial models (Morningstar and S&amp;P-MAALOT) outperform the ratings of conventional measures (Sharpe, Jensen, and mean) and that the difference between the commercial models is statistically insignificant, despite the relative simplicity of the Morningstar model.TOPICS: Mutual funds/passive investing/indexing, developed, information providers/credit ratings, performance measurement