Marketing Commentary- Q3 2003
What’s Been Happening? It is well documented that most investors, including most professional money managers, don’t beat “the market” over time. This is one of those rare times when, looking back, it appears the professionals are beating both the dartboard and the unmanaged indexes. But a closer look tells a different story, at least with mutual funds. Over the five years ending 8/31/2003, fewer than half of actively managed mutual funds managed to beat the indexes to which they should be compared. Categorizing mutual funds by the size of the company they invest in (Large, Medium and Small)...
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