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New S&P Scorecard on Consistency of Mutual Fund Performance

This week, Standard & Poor's, released its latest scorecard that measures the consistency of top mutual fund performers over three and five consecutive years. The semi-annual scorecard also measures performance persistence, corrected for survivorship bias. As of year end, the scorecard shows that only 15.5% of large-cap funds, 10.2% of mid-cap funds, and 9.8% of small-cap funds maintained a top-quartile ranking over three consecutive 12-month periods. Over the same time period, 32.2% of large-cap, 27.3% of mid-cap, and 25.7% of small-cap funds consistently maintained a top half ranking. Details can be found in the full article.