FYI: Past performance still beats fees when it comes to mutual fund selection.
Despite several ongoing studies showing that fees are among the best fund selection tools and the conventional wisdom that past performance is no guarantee of future results, mutual fund investors still use historical performance to select their investments, according to a recent report from the Investment Company Institute (ICI).
Regards,
Ted
https://www.fa-mag.com/news/mutual-fund-investors-still-focus-on-past-performance-40320.html?print
