Dollarlogic by Andy Martin

Author:Andy Martin
Language: eng
Format: epub
Publisher: Career Press
Published: 2016-04-12T16:00:00+00:00

Figure 4-4

Figure 4-5

The numbers were recently brought up to date. Figure 4-6 illustrates the same conclusion:

Figure 4-6

Corroborating evidence came from another authoritative research firm that concluded: “Nearly half of the value managers that earned a first-quartile rank for three-year performance in 2005 did so again in 2007. Between 2007 and 2009, only one-fourth managed to hold their top-quartile berth.”26

Another study showed that “performance typically fails to persist in the future.”27 Aye Soe and Frank Luo reviewed 1,020 domestic actively managed mutual funds and found “[f]or the five years ending March 2012, only about 5 percent of the funds maintained top-half performance rankings over five consecutive 12-month periods.…”28

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