MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 19, 2013 Conway Queries: Are Backtests Bogus? Maybe backtests aren't all they're cracked up to be. Following on the heels of a previous article warning about the failings of backtesting, Barron's columnist Brendan Conway wrote another article looking at the potential pitfalls of a fund's backtest. In the article, Conway cites a column by Morningstar ETF strategist, and MorningstarETFInvestor editor Samuel Lee. Apparently there are a lot of ways that a backtest can turn up bupkis. Among the important things to look for are strong economic intuition, intellectually honest sources and simple and transparent methodologies, among other things. Printed from: MFWire.com/story.asp?s=46798 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |