What fabulous five-year fund returns don’t say

Published February 27, 2014 10:32pm ET



NEW YORK (AP) — Fabulous can have a flip side.

It’s something investors should remember as mutual funds’ five-year return figures grow more eye-popping by the day. Many funds have more than doubled over that time, but that’s due in part to the calendar creeping closer to the five-year anniversary of the March 9, 2009 bottom for the market. That means the darkest days of the financial crisis are no longer counted in five-year returns, leaving only the recovery that sent the Standard & Poor’s 500 index to a record high.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.