AAII's Shadow Stock Portfolio: An Update
by James B. Cloonan
The results for the Individual Investors Shadow Stock Portfolio have been updated since our last quarterly report and are shown in Figure 1. Table 1 shows the current positions and the status of the different holdings as of February 27, 2004.
As you can see, The Shadow Stock Portfolio continues to perform well on both an absolute and risk-adjusted basis. Remember that the risk-adjusted return is truly significant because risk reduction can be converted to an increase in return (I discussed this at length in my January column, and you can review this discussion by clicking here).
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