John Rekenthaler is Vice President of Research for Morningstar, the author of the Rekenthaler Report column, and a leading expert on the mutual fund industry. John has been with Morningstar…
Tag: Mutual Fund Performance
Mutual Fund Past Performance Predicts Future?
A new study co-authored by Yale School of Management finance professor James Choi has found that there is no longer a correlation between a mutual fund’s past and future performance.…
Want Consistent Market Outperformance? You May Want to Think Again
By Justin J. Carbonneau (@jjcarbonneau) — We run over 40 quantitative models at Validea. They run the gamut of investing styles. Any time we can find a model from a…
Sometimes Investing Success Means Riding Rough Road
Hedge fund manager and author Joel Greenblatt says that the majority of top mutual fund managers spent at least three years lagging well behind others, says a CNBC article by…
When Choosing Fund Managers, Maybe Less is More
It may pay to go for mediocre rather than stellar when selecting fund managers, according to last week’s post in Enterprising Investor by Joachim Klement, CFA. While studies have shown…
Does a Manager's Track Record Matter?
While it may be logical to assume that a more experienced fund manager would have a better performance record, it isn’t necessarily so. This according to a recent study from…
Active Share is not a Predictor of Fund Performance
At a time when fund expenses are increasingly under scrutiny, some have turned to active share (the level of correlation between an index fund and its benchmark) as a predictor…
Morningstar Study: Long-term Outperformance Not Predictive of Future Outperformance
The AAII Journal reports on a recent Moringstar study that found no link between long-term performance and future performance. The study (which is available here), as AAII Journal reports, “looked…
