kaal:claim:2811729-032

Because an unconstrained mutual fund's performance is typically not assessed against any established benchmark, the retail investor must evaluate the fund without the contextual information routinely available for mutual funds pursuing more traditional credit strategies.

Source quote, verbatim
Therefore, it is left to the retail UMF investor to assess the fund's performance without the type of contextual information routinely available in relation to other mutual funds pursuing more "traditional" credit strategies.
From

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), V. Policy Implications, p. 50
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
Classification

failuresupport: arguedfailure: Benchmark absence blocks performance assessmentfamily: measurement-and-metric-failureeconomicsdisclosure

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