US Mid Caps – Historic Analysis: Are you always wrong?

$816 billion invested and you are lucky if you get what you think you are buying!  43% of the funds have reclassified themselves (some more than 4 times), there is marginal prediction power in performance measures (less than 1 in 5 chances), performance has struggled to beat the Russell Mid Cap TR USD and yet, over the last decade the US Mid Cap mutual fund market grew 2.5x!   Overall, for the US Mid Cap mutual fund market, assuming the Russell Mid Cap TR USD as the index, there may be lesser value in looking at historical price...

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