Nobody can establish who first used the phrase 'evidence-based investing', and no regulator defines it. Robin Powell, who was given the name by Larry Swedroe in 2015 and is sometimes wrongly credited with coining it, sets out what it actually means: four tests of what counts as evidence, borrowed from a medical parallel that hit the same crisis twelve years ago. Including where he goes further than a global tracker, and why he holds that position less firmly than he used to.
Investors instinctively turn to past performance when choosing funds. But new Morningstar research on 6,003 European funds finds it is far more reliable as a warning sign than a buy signal.
Robin Powell
Jun 293 min read
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