Morningstar Study Reinforces the Importance of Fund ...
Morningstar took 629 funds and ranked them in quartiles by their 1996 expense ratios and looked at how the funds performed over the next five years. The funds were grouped according to Morningstar's style box, which pigeonholes a fund into one of nine asset classes according to style (growth, value, blend) and size (large, mid, small). Morningstar found that in 8 of the 9 style boxes, the ... ................
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