Intermediate
Evaluating active performance beyond a league table
An active fund's ranking is an observation, not an explanation. Assess whether its results came from a repeatable process, the risks it took, its costs or...
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Mutual Funds Investment Guide
Understand how mutual funds work, compare their costs and risks, and build a disciplined investment process. Follow eight stages from pooled ownership to portfolio construction and ongoing research.
Start with What you own when you buy a mutual fund, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Manager assessment · All lessons
Measuring Performance
Separate investment results from cash flows and compare returns fairly.