The recent introduction into the Italian mutual fund market of Morningstar performance rating
of private institutions gives rise to the question of what is the relation between this relative …

Assuming that each dollar is either actively managed or indexed, when one considers
equities only and ignores transaction costs and management fees, the rate of return on the …

Portfolio management strategies can be classified in two groups: Active and passive.
Portfolio managers consider that the market is not totally efficient when it comes to security …