S&P

Fleeting Alpha: The Challenge of Consistent Outperformance

Can past winners persist across longer time horizons, market caps and investment styles?

The phrase “past performance is no guarantee of future results” (or some variation thereof) can be found in most funds’ literature, and for good reason: a wealth of studies show a lack of long-term performance persistence among actively managed mutual funds. However, many investors appear to believe that winners persist: past performance and related metrics remain important factors in manager selection.

Read the complete white paper at the link beneath Related Files

Head Office
20 Canada Square
London
E14 5LH
United Kingdom
Contact
Client Services Tel. +44 20 7176 8888
Company website:
http://www.spdji.com
Parent Company:
S&P Global

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