TABLE 1
FROM:
The effect of distribution channels on mutual fund flows
Mikko Knuutila, Vesa Puttonen and Tom Smythe
BACK TO ARTICLETable 1. Descriptive statistics of the fund sample
| Panel A. The number of funds in each geographical investment category and the number of fund months that funds have a Morningstar rating, that is star months. The data are from June 2002 to June 2004 and is obtained from Morningstar | |||||||
|---|---|---|---|---|---|---|---|
| Fund category | Number of funds | Number of star months | |||||
| Finland | 21 | 630 | |||||
| Europe | 32 | 729 | |||||
| World | 42 | 799 | |||||
| Other | 16 | 274 | |||||
| Total | 111 | 2432 | |||||
| Panel B. Distribution of the funds in the sample according to the geographical focus and star rating months. In the whole sample, the stars are distributed similarly as the Morningstar methodology expects | |||||||
| Number of star months | |||||||
| Rating | Finland | Europe | World | Other | Total | % | Morningstar algorithm (%) |
| 5 | 56 | 73 | 86 | 75 | 290 | 11.92 | 10.00 |
| 4 | 179 | 271 | 229 | 42 | 721 | 29.65 | 22.50 |
| 3 | 225 | 223 | 336 | 94 | 878 | 36.10 | 35.00 |
| 2 | 121 | 94 | 109 | 39 | 363 | 14.93 | 22.50 |
| 1 | 49 | 68 | 39 | 24 | 180 | 7.40 | 10.00 |
| Total | 630 | 729 | 799 | 274 | 2432 | 100.00 | 100.00 |
