- The good performance attracted more investors to invest in it in 2014, which it goes on to underperform. This gives an idea how difficult the environment for active managers are
- Portfolio rebalancing should mean that investors rebalance by channelling more of their bonds or cash allocations to the fund. Sadly the investors pulled a huge amount out of it
- The funds 5 year annualized return was 25% per annum which greatly out performs the ...
It takes more than learning from text books to make money. The difficulty is to grasp emotions and be able to counter natural tendency to buy high sell low. I am a sufferer of sorts thus i do bring up as much of these articles as possible to learn from them.
Servo Wealth Management have a narrative of a very well performing actively managed fund in 2013 which for the next year performed not as well