...I know that specifically for our funds and each portfolio, that it must have beat the comparable index at least 62% of the time to be included in our wrap product as well as have a higher average rate of return and lower standard deviation....When you see a list of funds that has above average return, you have to watch out for survivorship bias. I would assume that several times a year you review the available funds and drop the ones that are underperforming. If you look at the list that was actually on your list ten years ago(including the ones that are no longer on current list), what percentage of those stocks beat their index by enough to cover ten years of the 1.15% fees?Greg
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