04.10.2007 Other Voices: Morningstar wrong saying 130/30 were flat in August? `Typical to use wrong benchmark when analyzing funds and confusing their audience...This is how a `fad` is built`...
An industry insider, who wishes to remain unnamed, contacted Opalesque with an interesting comment regarding yesterday's news Morningstar finds quant and 130/30 funds` average return last month was flat (see here for previous article).

"Is Morningstar using the right test?  If 130/30 funds were flat in August while having an historical beta of 1.0 to the S&P 500, then that means the re

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