Special Features of FundAnalyze
When you compare to fund do you really want to look at them on a yearly basis,
say 2009 compared to 2009? Don't you really want to know how they've done
for the longest period they both competed in? For example, if Fund A began
in 1987 and Fund B commenced in 1993, don't you want to know their competitive
performance since 1993, the date in which both funds were competing for investor
assets? We do.
When you want to compare the performance of two funds on FundAnalyze we show you
their performance since their Common Open Date for Invesmtent.
Similar Funds
We don't try to figure out a fund's objective or style by reading what they say.
One guy's small cap is another investor's mid-cap. Instead, we run our
computers hot enough to fry an egg, all in pursuit of the statistical matching
of one fund's performance signature to another's.
Our similar funds database performs two functions. The first is to find
similar funds for comparison purposes; the second is to show how a fund's style
may not match expectations.
Operations Data
If you went back in time to the 1920s, say, and brought back a fund operator and
showed them today's prospectuses and annual reports, he simply would not believe
his eyes. I've been in this business for 20 years and I have always been
able to find or construct the data I need to answer any question about a fund's
business. Keep in mind, there is no love lost between me and fund
marketers, but they do have one trump card. Nothing significant is hidden
from the investor.
Is the data difficult to understand? Yes. But I don't think Congress
and the SEC in the 1930s and 1940s could have done a better job. Moreover,
they erred on the side of too much data! They fought real, meaningful
battles with Wall Street we now take for granted. If you're still cynical,
go read the 1940 Act which regulates mutual funds.
With the above in mind, FundAnalyze uses technology to present the minutia of
fund data in comparative form.
Reading
For The fund Cynic: Benefits For All?