"Fund ratings are only useful for hedge funds and traders." A fairly blunt expression that came from...
"Fund ratings are only useful for hedge funds and traders." A fairly blunt expression that came from a long-time observer and analyst of the US mutual fund business recently. But does he have a point? And, indeed, if you add in awards from publications like Investment Week, what really is the purpose of the so-called industry of analysing funds? In the near decade since Investment Week was launched in 1995, we have gone from just the annual Micropal awards every February, and the then very young Fund Research, to an entire industry that claims to rate and analyse funds. Every magazine of...
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