«People chase performance, so even if the product performs
well over a full market cycle, investors may not have the conviction to stay with them,» says Kaplan.
Not exact matches
We'll confidently pursue our investment discipline in any event, in the
full expectation that far
better conditions will emerge to embrace
market exposure
over the completion of this
cycle, as they always have in
market cycles across history.
I searched for the small cap funds with the
best risk - adjusted performance
over the latest
full market cycle.
We think it's more useful to assess how a manager has performed
over a
full market cycle; that is, in
good time and bad.
Active stock funds, which seek to outperform the
market over time, may be able to take actions that reduce losses during downturns, which can help a
good active fund outperform
over a
full market cycle even if it lags during bull
markets.
Managers do need to achieve both an attractive absolute rate of return above inflation as
well as comfortably exceed a low - cost passive index alternative
over a
full market cycle
The
best measure of long - term growth is to look from peak - to - peak (or trough - to - trough)
over the
full market cycle.
In the long term, classic growth stocks can provide the
best returns
over a
full market cycle.
A portfolio built on this foundation has a
better chance of weathering turbulent
market environments and producing
better performance
over full market cycles.
The
best we can do is something like GMO does, and go to each asset class and try to estimate the free cash flow yield of each asset class
over the next
full market cycle (5 - 10 years) given the current prices being paid.