TY - JOUR T1 - Is the Morningstar Rating System Global?<br/> <em>Evidence from Israel</em> JF - The Journal of Wealth Management SP - 86 LP - 102 DO - 10.3905/jwm.2012.15.3.086 VL - 15 IS - 3 AU - Offer Moshe Shapir AU - Uri Ben-Zion AU - Koresh Galil Y1 - 2012/10/31 UR - https://pm-research.com/content/15/3/86.abstract N2 - This study examines ratings of Israeli mutual funds specializing in the major stock indices during the December 2003–April 2007 period. They authors compare the predictive abilities of ratings provided by a local rating agency (S&amp;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&amp;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 ER -