Separating Skill From Luck in Active Management
Buy stock-pickers, avoid sector rotators: large-cap growth edition
This article was published in the October 2015 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor here.
A litle over a year ago, we introduced readers to the initial findings from Morningstar's research on using peer attribution to screen and select funds. Starting with the small-cap value universe, we took a look at whether strong sector-rotation or stock-selection skills in the past led to better performance in the future.
Janet Yang, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.