Abstract
Single scalar measures of portfolio performance are inevitably susceptible to manipulation. The Morningstar stars awarded to mutual funds on the basis of huge flows into or out of funds are an example. The system was updated in 2002 and corrects a number of problems with the older system, but—like any single scalar measure—it can be gamed.
- © 2005 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Log in using your username and password
In this issue
Performance Measurement Manipulation
Jump to section
Similar Articles
Cited By...
- No citing articles found.