Star Fund Managers Lose Luster
It was a particularly hot summer weekend day in St. Louis, too hot to be outside. So I decided to use the time going through the collection of articles I keep for future use. I save these articles, to be resurrected at a later date, in an effort to hold forecasting pundits and active managers responsible for their predictions or performance.
Among this stable of articles was one about Morningstar’s 2012 fund manager of the year awards. Since all backward-looking crystal balls are perfectly clear, I thought it would be worthwhile to check in on how these superstar investors performed in 2013—the year after being selected.
The table below shows the winning funds in 2012 and their Morningstar percentile ranking based on 2013 performance.
Read the rest of the article on ETF.com.