I suspect that these funds are not run by black boxes although the managers are working within a defined methodology. In any case, over the last couple of years the picture is a little different relative to the S&P500. In that case, all are in the same ballpark (a little higher/lower over time) except for two underperformers - PSP and STH. So, relative to these funds make life simple buy SPY and close your eyes.
Bill ----- Original Message ----- From: Ed Hoopes To: [email protected] Sent: June 02, 2009 11:02 AM Subject: [amibroker] Re: Do all trading systems stop working? - Howard Bandy's book There are publicly traded funds organized around various trading systems. Below are a few for comparison: NFO - Insider Info STH - Stealth XRO - Sector Rotation PIQ - Magni Quant PSP - Private Equity FVI - ValueLine 100 Stocks BWV - Covered Calls CSD - Spin Off Companies DEF - Defensive Stocks EZY - Low PE Ratio Stocks Now take each one of the above and do a relative performance to the overall market - like VTI Vanguards Total Market ETF - and you can see how well they work. NFO, PSP, EZY top the list with a modest out performance using my ranking algorithm. The majority equal the market or underperform. For me the most disappointing is FVI only as good as the broad market - so much for $650.00/yr fundamental/technical analysis newsletter. XRO - is the worst. ReefBreak
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