FYI: The previous two columns have discussed the Morningstar Ownership Lens, a new measure born from a 2005 Journal of Finance paper. (“Judging Fund Managers by the Company They Keep,” Randolph Cohen, Joshua Coval, Lubos Pastor.) The Ownership Lens evaluates equity funds not by their own past performances but instead by the past performances of funds that hold similar portfolios.
Regards,
Ted
https://www.morningstar.com/articles/950109/using-the-ownership-lens-to-select-funds
