Perennial Mutual Funds: Staying With Winners by Palmer Wright, Ph.D.
ARTICLE SYNOPSIS ...Perennial Mutual Funds: Staying With Winners by Palmer Wright, Ph.D.
In past issues of STOCKS & COMMODITIES, Fay Dworkin and Gary Zin have advocated selecting stock mutual funds on the basis of relative performance over periods of one to nine months. Zin rejected the additional use of five- r year performance because requiring funds to exceed a market index over the
longer period did not improve his shorter-term momentum approach.
Focusing on any five-year performance list is of limited value, whether the ranking is end-of-year or current. Such ""winners"" usually fall off the list within a ...