tag:blogger.com,1999:blog-5465015914589377788.post6493697368268018224..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Why did My Mutual Fund Change its Name?Michael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5465015914589377788.post-15582185609755069672009-06-07T14:12:22.743-04:002009-06-07T14:12:22.743-04:00http://michaelcovel.com/pdfs/TrendingStocksDriveTh...http://michaelcovel.com/pdfs/TrendingStocksDriveTheMarket.pdf<br /><br />Most mutual funds (approx 75% in any given year, more than 90% over 10 years) underperform broad based stock market indexes. Most stocks underperform the indexes they are members of. A little algebra suggests...what?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-56624530646025699802009-05-22T09:19:10.099-04:002009-05-22T09:19:10.099-04:00Anonymous: You are likely correct, but it is prima...Anonymous: You are likely correct, but it is primarily the poorly-performing funds that seem to require legal mergers and changes of mandate. Survivorship bias calculations done by many researchers confirm that disappearing funds underperform the average fund by a wide margin.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-63881621616565019982009-05-22T08:56:45.098-04:002009-05-22T08:56:45.098-04:00Actually this mostly happens when there is a legal...Actually this mostly happens when there is a legal merger of funds or a change in mandate <br />KKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-8680162880812308232009-05-18T14:03:00.000-04:002009-05-18T14:03:00.000-04:00Gene: You're right. I'm guessing that moving awa...Gene: You're right. I'm guessing that moving away and taking on a new identity is harder now than it used to be. Electronic records tend to follow you around. There is no sign that burying the bodies of poorly-performing mutual funds is getting any harder, though.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-70839518345687951912009-05-18T13:28:00.000-04:002009-05-18T13:28:00.000-04:00Amazing. This is kind of like people that commit ...Amazing. This is kind of like people that commit some heinous crime and then move away and change their name to evade detection.genehttps://www.blogger.com/profile/05608927986297939720noreply@blogger.com