La notation des OVPCM : problèmes et perspectives

The rating of bonds and short-term interest bearing instruments, a technique well known in the US markets, has only been introduced in France within the past few years. However, the rating of Mutual Funds and more specifically of Money Market Mutual Funds is a procedure only recently developed in both the United States and France. The purpose of this paper is to analyse the technique of rating Mutual Funds outlining the difficulties in distinguishing between rating and measuring performance.

AFTALION, F. (1991). La notation des OVPCM : problèmes et perspectives. ESSEC Business School.