News

Market timing gets thumbs down

Friday 27th of January 2006
Both Russell Investments and Melville Jessup Weaver are telling clients that managers which try and time markets aren’t adding value to their portfolios.

Russell has monitored the performance of New Zealand balanced funds which practice TAA and concluded the process doesn’t work.

The top managers in each period do reasonably well, Russell says. But that out-performance doesn’t last.

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