Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The WSJ Looks for Some Skin Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 18, 2011

The WSJ Looks for Some Skin

News summary by MFWire's editors

A recent study from Morningstar suggests that a fund manager invested in his or her own fund is a better steward for shareholders, the Wall Street Journal reports.

In 2010, the average core stock fund with no manager investment earned a rating of 2.93 stars, according to Morningstar. The average star rating rose with the amount of money the PMs invested; funds in which the manager had at least $1 million invested earned an average of 3.51 stars.

"Whatever drives it, when a manager is also a shareholder, they tend to be a better steward for your money," David Kathman, senior fund analyst at Morningstar and one of the authors of the study, told the Journal.

Kathman also said that knowing that the manager has skin in the game isn't the only reason to choose a fund, but it can be a tiebreaker for selecting between two funds.  

Edited by: Hung Tran


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use