kaal:claim:2811729-008

Unconstrained mutual funds have not delivered superior performance: Morningstar data for funds with three years of investing history offer no evidence that they outperform mutual funds in comparable asset classifications.

Source quote, verbatim

The Morningstar data available for UMFs with three years of investing history offer no evidence that UMFs have a superior performance to mutual funds in comparable asset classifications.

From

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), II. Unconstrained Mutual Funds, p. 12
https://ssrn.com/abstract=2811729 · source PDF

Cite as

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729

Holds when

unconstrained mutual funds with at least three years of investing history

Classification

failuresupport: evidencedfailure: No performance premium for added riskfamily: investor-protection-gapprivate-fundsempirical-evidence

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