Market
participants often look at past performance and related analytics when selecting
funds. But how much does past performance really matter?
The Persistence Scorecard, produced twice a year, aims to answer this question by tracking the consistency of top performers over consecutive annual periods. The latest scorecard again revealed that very few funds can consistently be top performers. For the three years ended March 2013, just 16.57% of large-cap funds, 14.22% of mid-cap funds and 23.05% of small-cap funds maintained a top-half ranking over three consecutive 12-month periods
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