Fund Investors: Focus on Stewardship

don@3ethos   •   carousel-post   •   July 27, 2014

Among fund selectors, and even on occasion among media, an undue focus on past performance, particularly short-term past performance, is all too common. This is understandable to an extent—performance is the one concrete metric by which advisers will be held to account by their clients. Unfortunately for investors and advisers relying on it, past performance is not a particularly accurate indicator of future results.