A mutual fund rating agency ranks a fund's performance by using one to five stars. A one-star mutual fund is in the bottom 20

Question

2 years ago

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% of its investment class; a five-star mutual fund is in the top 20% of its investment class. Interpret the meaning of a four-star mutual fund.

1 answer:

Paladinen [302] · Answer 1 · 2022-07-06T05:37:01+03:00

8 0

Each star has a 20% difference.

A four star rating would be above the bottom 60% ( 1, 2 and 3 stars) but be below the top 20%. (5 stars).

A mutual fund rating agency ranks a​ fund's performance by using one to five stars. A​ one-star mutual fund is in the bottom​ 20