Death, Taxes, and Short-Term Underperformance

6 Pages Posted: 20 Jun 2008

Date Written: February 1, 2007


Now updated through 2006, this article illustrate the potential for periods of short-term underperformance may be one of the few certainties that investors can count on. Our research focuses on the performance results of U.S. mutual funds over the last decade. Observations suggest that underperformance in shorter time periods - such as one quarter, one year, or even three years - is to be expected, even for funds that have performed strongly over the long term. (Note: This article has been filed with FINRA.)

Keywords: short-term, investing, death, taxes, funds, performance, investors, mutual funds

Suggested Citation

Institute, Brandes, Death, Taxes, and Short-Term Underperformance (February 1, 2007). Brandes Institute Research Paper No. 2007-01, Available at SSRN: or

Brandes Institute (Contact Author)

Brandes Investment Partners ( email )

11988 El Camino Real, Suite 500
P.O. Box 919048
San Diego, CA 92191-9048
United States

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