RT Journal Article SR Electronic T1 An Alternative Perspective on Mutual
Fund Performance JF The Journal of Wealth Management FD Institutional Investor Journals SP 97 OP 107 DO 10.3905/jwm.2013.16.1.097 VO 16 IS 1 A1 George W. Kester A1 Scott A. Hoover YR 2013 UL https://pm-research.com/content/16/1/97.abstract 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