Bridge over ocean
1 November 1994 Financial Analysts Journal Volume 50, Issue 6

Are CFA Charterholders Better Equity Fund Managers?

  1. Ravi Shukla
  2. Sandeep Singh
Does a portfolio manager's advanced professional education, as symbolized by the CFA designation, result in superior performance? In this study of equity mutual funds (with stated objectives of equity/income, growth/income, growth, and aggressive growth) for the period of July 1988 to December 1992, the funds managed by at least one CFA-designated manager were riskier but better diversified than the other funds. The funds with CFA-chartered managers also outperformed the other funds as a group, although the difference was not statistically significant for all fund objectives.
Read the Complete Article in Financial Analysts Journal Financial Analysts Journal CFA Institute Member Content
Publisher Information
Association for Investment Management and Research 7 pages doi.org/10.2469/faj.v50.n6.68 ISSN/ISBN: 0015-198X

We're using cookies, but you can turn them off in Privacy Settings. Otherwise, you are agreeing to our use of cookies. Learn more in our Privacy Policy.