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Monday, December 6, 2010

More Evidence That Past Performance of Actively Traded Mutual Funds is a Poor Predictor of the Future

from the wsj
We looked for diversified U.S.-stock funds in the top 20% of their Morningstar Inc. category for the past five or 10 years but now in the bottom 10% of their peer group so far in 2010. There are more than a dozen such funds that recently had at least $500 million in assets.

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