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GO distinctions are based on a fund’s relative risk-adjusted return within category. So, the category can perform badly, like commodities and EM have done last few years … indeed among the most hated funds, but individual funds can still get high marks.
Continue reading “Great Owl Ratings are Based on Relative Return in Category”
I continue to marvel at results of Fund Family Scorecard, which went live on the premium site last week.
How do poor performing fund management companies persist? Could be that absolute return is not a concern, that it’s all about risk adjusted return. Could be that some of the funds did well initially, then went south but investors are too stuck to change. Could be that these firms just have strong marketing and, my friend Ed offers, “write good newsletters.” Could be that they are just having a run of bad luck and stuck in an uncooperative and “irrational” market … but given enough time and a return to sanity, the Great Pumpkin will appear.
The March update comprises ratings on 9,296 US mutual funds and ETFs (27,307 all share classes), based on Lipper’s Data Feed Service.
Looking through some of our Pre-Defined Screens …
Among the Best Performing Rookies: AQR Equity Market Neutral R6 (QMNRX, Alternative Equity Market Neutral), NWM Momentum (MOMOX, Flexible Portfolio), 361 Global Long/Short Equity Y (AGAWX, Alternative Long/Short Equity), Catalyst Macro Strategy I (MCXIX, Alternative Global Macro), and ProShares S & P MidCap 400 Dividend Aristocrats (REGL, Mid-Cap Core).
Continue reading “A Couple Pre-Defined Screens”
It was a tough month for equity funds.
Here’s quick summary table showing average fund total return for January, organized by SubType:
Continue reading “Tough January and Bruce Berkowitz”
Below is a simple table summarizing performance for year, organized by SubType and Category … showing Peer Count and Total Return Averages.
Results are computed from our Lipper database month ending December 2015, excludes money market funds. Funds at least one year old. Oldest share class only, includes max front load, if applicable.
I broke out the Alternatives … will likely separate from “Other” (aka Trading categories) in future. Basically, organize by 10 SubTypes instead of the 9 currently.
Continue reading “Year-end 2015 Category Summary”