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Stjärntydning - En undersökning av riskaversionsnivåns påverkan på Morningstar Rating och dess konsekvenser för individuella småsparare


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Title: Stjärntydning - En undersökning av riskaversionsnivåns påverkan på Morningstar Rating och dess konsekvenser för individuella småsparare
Authors: Danielsson, Andreas
Hertzberg, Gustav
Issue Date: 5-Jul-2017
Degree: Student essay
Series/Report no.: 201707:52
Uppsats
Keywords: Morningstar Rating
MRAR
risk aversion
risk-adjusted return
equity fund
retail investor
Abstract: This paper investigates whether Morningstar Rating assesses the historical risk of mutual funds in an accurate way with respect to retail investors’ level of risk aversion, or if a higher utility could be reached if the risk aversion coefficient was variable rather than fixed at level 2. The test is conducted through an evaluation of the performance during the financial crisis 2007-2008 for the Swedish open-end funds that performed best according to Morningstar Rating during the five preceding y... more
URI: http://hdl.handle.net/2077/52977
Appears in Collections:Kandidatuppsatser i finansiell ekonomi

 

 

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