Mutual fund timing by Fay H. Dworkin, Ph.D.
It's like a musical instrument: you have to learn to play it," says Hubert Cafritz about his trading strategy
for managing a portfolio of mutual funds.
The system has been used for three years by Cafritz, a pension fund manager, and by subscribers to The
Cafritz Report. This article describes the results of my own test of the system which simulated the actions
of an investor who began building a mutual fund trading portfolio at the beginning of 1984. This
hypothetical portfolio is evaluated on a risk-adjusted basis for its 1984-86 performance.