An Argument for Favoring the Loser Over the Winner Funds

Charles Rotblut, CFA Charles Rotblut, CFA

Charles Rotblut, CFA

发布日期: 2018年3月29日
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Performance chasing is common in investing. Institutional investors (pensions, endowments, etc.) are as guilty as individual investors when it comes to looking for the hot hand. Such behavior often leads to worse outcomes than better ones. 

 A study found this behavior is self-defeating. When it comes to funds and managers, chasing worse aggregate performance can be a profitable strategy in certain instances. Read more.



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