TY - JOUR T1 - An Alternative Perspective on Mutual<br/>Fund Performance JF - The Journal of Wealth Management SP - 97 LP - 107 DO - 10.3905/jwm.2013.16.1.097 VL - 16 IS - 1 AU - George W. Kester AU - Scott A. Hoover Y1 - 2013/04/30 UR - https://pm-research.com/content/16/1/97.abstract N2 - 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&amp;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 ER -