Academics find evidence of bond fund misclassification by Morningstar
‘Widespread problem’ researchers claim
An academic research paper has found evidence that mutual fund managers misclassify their holdings, resulting in "pervasive misclassifications across the universe of US fixed income mutual funds by Morningstar, who relies on these reported holdings".
The paper, Don't take their word for it: The Misclassification of Bond Mutual Funds, by professors Huaizhi Chen, Lauren Cohen and Umit Gurun, claims to be the first systematic study comparing fund reported...
More on Fixed Income
John Husselbee: Why hold negative-yielding bonds?
$17trn of debt is now ‘paying’ a negative yield
Chris Iggo: Bond liquidity in a post-crisis world
Chasing yield
Peter Doherty: Why active bond investors have the edge over passive
Practical example
Kames expands fixed income team following Snowden departure
Aberdeen's Laurent Frings
Jasper van Ingen: Are convertible bonds worth a fresh look?
Asymmetric return profile
Back to Top
More news
'Retirement income advice is the biggest problem in the adviser market' - Rory Percival
As important as DB transfers
D2C investment platform users rise to all-time high in Q1
Customer numbers rise an average 3.1% across all providers
Is it time to review the risks of DB transfer advice?
It’s The Pro Adviser Podcast
Advisers can defer CPD this year in 'exceptional circumstances' - FCA
Defer to 2021/2022