FYI: Not only the film industry has glamorous events such as the Academy Awards (better known as the “Oscars”) and the “Golden Globe Awards,” where juries select and reward the best movies from their point of view. The mutual fund industry also celebrates its best performing funds with fund awards ceremonies at the beginning of the year. As with movies, these fund awards are determined by a jury (a qualitative screening) or with a quantitative screening on a global basis by the likes of Morningstar and Thomson Reuters Lipper, who use a similar quantitative methodology for their awards all around the world. Or the funds are selected by local players, who award funds only in a single country or region according to their definition of the best funds.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/2016/02/monday-morning-memo-are-fund-awards-only-showtime-for-mutual-funds/
Comments
This awards game reminds me of the much hearlded "critic's" reviews for Broadway plays. Listen to those and you'll miss some of the best shows. Cabaret (2014) was one. Nearly didn't attend based on the lackluster reviews. Ended up seeing it 3 times before it closed.