Evaluating the Rating of Stiftung Warentest: How good are Mutual Fund Ratings and can they be Improved?


Müller, Sebastian ; Weber, Martin


[img]
Preview
PDF
StiftungWarentest.pdf - Accepted

Download (774kB)

URL: https://ub-madoc.bib.uni-mannheim.de/35604
URN: urn:nbn:de:bsz:180-madoc-356040
Document Type: Working paper
Year of publication: 2011
Place of publication: Mannheim
Publication language: English
Institution: Business School > ABWL u. Finanzwirtschaft, insbes. Bankbetriebslehre (Weber -2017)
Subject: 330 Economics
Abstract: We test the abilities of the Stiftung Warentest fund rating system to predict future fund performance among German registered funds for six equity categories: Germany, Euro-Zone, Europe, North-America, Pacific, and World. Stiftung Warentest is a consumer protection agency and a major provider of fund ratings in Germany. Our empirical analysis documents predictive abilities of the rating system. The reason is that measures of past performance are positively related to future performance in several of these markets, even after controlling for momentum. Measures of fund activity are also helpful to predict performance, and in particular to identify likely future losers.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




+ Citation Example and Export

Müller, Sebastian ; Weber, Martin (2011) Evaluating the Rating of Stiftung Warentest: How good are Mutual Fund Ratings and can they be Improved? Open Access Mannheim [Working paper]
[img]
Preview


+ Search Authors in

+ Download Statistics

Downloads per month over past year

View more statistics



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item