%0 Journal Article %A George W. Kester %A Scott A. Hoover %T An Alternative Perspective on Mutual
Fund Performance %D 2013 %R 10.3905/jwm.2013.16.1.097 %J The Journal of Wealth Management %P 97-107 %V 16 %N 1 %X 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 %U https://jwm.pm-research.com/content/iijwealthmgmt/16/1/97.full.pdf