PT  - JOURNAL ARTICLE
AU  - George W. Kester
AU  - Scott A. Hoover
TI  - An Alternative Perspective on Mutual<br/>Fund Performance
AID  - 10.3905/jwm.2013.16.1.097
DP  - 2013 Apr 30
TA  - The Journal of Wealth Management
PG  - 97--107
VI  - 16
IP  - 1
4099  - https://pm-research.com/content/16/1/97.short
4100  - https://pm-research.com/content/16/1/97.full
AB  - This article examines the returns and risk-adjusted performance of the 99 mutual funds that have been in continuous operation for the 45-year period 1967–2011. The returns and risk-adjusted performance of the mutual funds are compared to the results of a passive buy-and-hold strategy (S&P 500) and simulated portfolios market timed in accordance with the Super Bowl Stock Market Predictor. Over the 45-year history of the Super Bowl through 2011, the simulated market-timed portfolios outperformed 95 of the 99 mutual funds based upon return and terminal portfolio value, and all 99 mutual funds on a risk-adjusted basis.TOPICS: Mutual funds/passive investing/indexing, performance measurement, simulations