Purpose - This paper analyses whether the active management and the fundamentals of the pension fund allow products that beat their peers to be identified in terms of risk-adjusted performance. Design/methodology/approach - The sample is composed of all the pension funds active in the period...

The aim of this paper is to analyze the effect of mutual fund Ratings on performance, risk and net flow, and to examine whether there is performance persistence for mutual funds in Global Emerging Markets. The analysis is based on a sample retrieved from Morningstar Direct for the period...