Characteristics of Fund Managers that Beat The Market
According to an article by Reuters and a study by Credit Suisse fund managers that beat the market over the 10 year period 1992-2002 had 4 common characteristics:
1) Low Turnover - Average 30% vs. industry average of 110%
2) Value Investing Style
3) High Concentration of Holdings - Average 37% of the fund in top 10 holdings
4) Most Funds were based outside the financial centers of New York or Boston in places like Omaha, Chicago, Salt Lake City, Memphis
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According to an article by Reuters and a study by Credit Suisse fund managers that beat the market over the 10 year period 1992-2002 had 4 common characteristics:
1) Low Turnover - Average 30% vs. industry average of 110%
2) Value Investing Style
3) High Concentration of Holdings - Average 37% of the fund in top 10 holdings
4) Most Funds were based outside the financial centers of New York or Boston in places like Omaha, Chicago, Salt Lake City, Memphis
Direct Link:
posted by Little Blog Investor @ 1:36 PM
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