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Introduction

Chapter
Part of the BestMasters book series (BEST)

Abstract

When reading any arbitrarily chosen mutual fund fact sheet the legally required standard disclaimer stating “past performance is not indicative of future results” usually cannot be overlooked. However, even though past performance or past data in general might not be a good indicator of future results, what factors other than past performance should investors focus on, when making their investment decisions? Future results, if anything can only be simulated by using complex mathematical models, which still make broad use of past track records (e.g. via a geometric Brownian motion model).

Keywords

Mutual Fund Past Performance Sharpe Ratio Fund Flow Fund Family 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Fachmedien Wiesbaden 2015

Authors and Affiliations

  1. 1.WienAustria

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