A Fresh Look At Mutual Funds' Performance Data

For mutual fund analysts, new insights into evaluating a fund’s performance don’t come along every day. Lately, though, financial experts at Wharton and other schools have collaborated on research that challenges some long-held notions about which funds are best for investors. Included in that research is a paper by Lubos Pastor of the University of Chicago and Wharton’s Robert Stambaugh on how to improve standard benchmarks used to predict fund performance.