Shoven, John B.; Walton, Daniel B. - 2022
effective asset allocation. It examines the constant in the style analysis regressions which reflects the over- or under-performance … people roughly 60 years old, lost between 20 and 25 percent of their value. We find that past performance only weakly … influences future expected performance. As with equity funds in general in this period, TDFs with actively managed ingredient …