@article {Shapir86, author = {Offer Moshe Shapir and Uri Ben-Zion and Koresh Galil}, title = {Is the Morningstar Rating System Global? Evidence from Israel }, volume = {15}, number = {3}, pages = {86--102}, year = {2012}, doi = {10.3905/jwm.2012.15.3.086}, publisher = {Institutional Investor Journals Umbrella}, abstract = {This study examines ratings of Israeli mutual funds specializing in the major stock indices during the December 2003{\textendash}April 2007 period. They authors compare the predictive abilities of ratings provided by a local rating agency (S\&P-MAALOT) with those of a Morningstar-type rating system and other alternatives. They show that the ratings of the commercial models (Morningstar and S\&P-MAALOT) outperform the ratings of conventional measures (Sharpe, Jensen, and mean) and that the difference between the commercial models is statistically insignificant, despite the relative simplicity of the Morningstar model.TOPICS: Mutual funds/passive investing/indexing, developed, information providers/credit ratings, performance measurement}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/15/3/86}, eprint = {https://jwm.pm-research.com/content/15/3/86.full.pdf}, journal = {The Journal of Wealth Management} }