Focusing on high yield funds, Core and Core Plus Bond offerings, as well as active ETFs, the 76-member team that makes up the manager research and ratings team looks for…
Tag: Russ Kinnel
Investors are Behaving Less Badly
New evidence suggests that investors may be shifting their habit of buying high and selling low, according to a recent article in The Wall Street Journal. The article reports that a…
Tracking Errors and What They Mean to Investors
In a recent Morningstar interview, the firm’s director of manager research, Russ Kinnel, defines tracking errors and discusses how they relate to mutual funds. Kinnel differentiates tracking error from standard…
Active Share is not a Predictor of Fund Performance
At a time when fund expenses are increasingly under scrutiny, some have turned to active share (the level of correlation between an index fund and its benchmark) as a predictor…
What are Investor Returns, Really?
There is some confusion around why the total investor return data published by Morningstar differs from the returns that investors are actually earning. Russ Kinnel, director of manager research for…