Gao, Zhangpeng; Rahman, Shahidur; Rahman, Shafiqur - In: Review of Pacific Basin Financial Markets and Policies … 14 (2011) 01, pp. 1-33
This paper proposes a new method of fund rating based on the cross-sectional distribution of fund performance measured by alpha. This distribution-based fund rating model is more flexible and provides more interesting results than current commercial fund rating method used by Morningstar. Unlike...