Do Active Funds Outperform the Market? (Part II)
We’ve talked about the different types of mutual funds. Historical performance shows that it doesn’t matter what type of mutual fund an investor holds, one cannot consistently outperform the market. Now we’ll look at the best ranked mutual funds and managers, regardless of the fund type. Morningstar So what about Morningstar? One of the most common ways for individual investors to select mutual funds is by their Morningstar rating. Christopher B. Philips and Francis M Kinniry