Who Got Burned in the Sell-Off

The article was published in the April 2018 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor by visiting the website.

To judge a manager’s skill, you want to use as long a time period as possible. But that doesn’t mean short periods have no useful information. They tell you about a fund’s exposures and provide some glimpses as to the risk levels they are running.

Given how long it’s been since we’ve had a true bear market, I was curious about the maximum weekly drawdown for funds in the Morningstar 500 so far this year. We’ve had a few mini sell-offs already this year.