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Fund Times

Good Governance Leads to Good Returns

Panelists at the Morningstar Investment Conference discuss the importance of fund stewardship and its connection to good investment results.

This analyst blog is part of our coverage of the 2015 Morningstar Investment Conference. 

Ever since the mutual fund scandals of 2003-04 exposed shady doings by some fund companies, fund investors have recognized the importance of stewardship. Morningstar began assigning fund Stewardship Grades in 2004, identifying firms that put the interests of shareholders first, as opposed to profits or asset-gathering. In "Stewardship vs. Salesmanship: Does Good Governance Improve Investment Results," a panel discussion at the 2015 Morningstar Investment Conference, three experts--Bridget Hughes of Morningstar, Jeffrey Mitchell of Fidelity, and Susan Ferris Wyderko of the Mutual Fund Directors' Forum--weighed in on the importance of stewardship and its connection to good investment results.