----- Original Message -----
Sent: Thursday, September 23, 1999 9:18
PM
Subject: [sharechat] Mutual Funds
Hi there: I have just been introduced to this
sight after spending a lot of time looking for a NZ investment chat / message
board. I have also been spending a lot of time studying the very popular US
web page called Motley Fool www.fool.com (check out their
international message board to meet some Kiwi Fools)
I don't know if the Fool's page or it's
contents have already been discussed on your forum but Mark Hubberds message
stating his disillusionment with mutual funds mirrors mine, and I suspect, an
increasing number of investors out there. If it hasn't already been done I
would like to stimulate some serious discussion on the topic of mutual fund
performance.
As you will read in the Fools ramblings, in
the last 10 years around 75% of US equity funds have underperformed the S
& P 500. These statistics worsen considerably if all mutual funds are
compared with the S&P500. I read somewhere recently that the mutual fund
industry is the only industry in the world that strives to be
average.
I am very interested in finding independent
research backtesting NZ fund performance and comparing the industries general
performance not only with NZSE40 index but also with US and Global Indexes
(indicies?).
Where can an investor find such research? If
these topics have already been discussed I apologise in advance, otherwise I
look forward to some comment.
Cheers for now, Brian
See IRG research reports
