Does Mutual Fund Performance-Chasing Deserve its Bad Reputation?
November 09, 2018 at 06:30 AM EST
A recent CFA Institute article discusses mutual fund performance-chasing which it says has drawn criticism. To evaluate how performance-chasing is faring in the U.S., the CFA Institute replicated momentum investing strategies using data spanning from 2000 to 2018, creating long-only portfolios made...