MutualFundWire.com: Conway Queries: Are Backtests Bogus?
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Tuesday, November 19, 2013

Conway Queries: Are Backtests Bogus?


Maybe backtests aren't all they're cracked up to be.

Following on the heels of a previous article warning about the failings of backtesting, Barron's columnist Brendan Conway wrote another article looking at the potential pitfalls of a fund's backtest.

In the article, Conway cites a column by Morningstar ETF strategist, and MorningstarETFInvestor editor Samuel Lee.

Apparently there are a lot of ways that a backtest can turn up bupkis. Among the important things to look for are strong economic intuition, intellectually honest sources and simple and transparent methodologies, among other things.


Printed from: MFWire.com/story.asp?s=46798

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