The Wall Street Journal's
Jane Kim picks up
on the findings of a Morningstar
study set to be released today
which shows that, in aggregate, low-cost funds had
better returns compared to their high-cost brethren. The study explored various periods from 2005 through March 2010.
Morningstar director of fund research Russel Kinnel
who authored the study, was quoted in the article as saying that fees "have proven to be the strongest predictor out there."
"The stars system, as a measure of past risk-adjusted performance, is going to be a little more limited," he added.
The New York Times
also picked up on the study.
Armie Margaret Lee
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