Tag Archives: Mid-Year
Can Top-Performing Funds Stay on Top over Time?
Many market participants attempt to identify future top-performing funds using managers’ track records. This practice implicitly assumes that managers’ successful track records reflect skill and that their superior performance will be repeated in the future. Since genuine skill is likely to persist, one key measure of active management skill is the consistency of a fund’s…
- Categories Equities
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2019 Mid-Year Persistence Scorecard – Key Highlights
When it comes to investing, market participants often consider past performance to be indicative of future results. The same goes for fund selection. Notwithstanding the evidence showing that most active managers in most regions typically underperformed their benchmarks, consistently beating peers is one way to differentiate a manager’s luck from skill. Here are a few…
- Categories Strategy
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