JonD

Financial Screens and Fund Performance Measurement

agree, Geoff. in evaluating any active (or passive) fund, you have to look under the hood at what their holdings are pick an appropriate benchmark (or blend of benchmarks) to compare it to.

keep up the good work.

Financial Screens and Fund Performance Measurement

Geoff, great work as always. The basic idea behind your article is great --- that a portfolio of top-performing funds should be compared to a blend of appropriate benchmarks (inc. international, small cap, etc.) and not just the S&P 500, which seems to be the only benchmark mainstream magazines have ever heard of.

BUT why can't you give these PM's any credit for actively making the decision to overweight raw materials, energy and utilities?

it's gotta be tough to be an active PM - even when you're right, you're wrong!!