SHERIDAN, Wyo., Jan. 15 /PRNewswire/ -- Frontier Asset Management, LLC released year-end performance results today showing that its Long-Term Growth portfolio has outperformed its benchmark, the S&P 500 Index, for the eleventh consecutive year. Detailed performance information is available on request.
Gary Miller, CFA, Frontier's Founder and Chief Investment Officer, stated: "Our goal is solid, consistent performance over an extended time period. We believe our Long-Term Growth portfolio has achieved that objective."
Frontier's President, Scott MacKillop, says: "We are pleased for our clients who have benefited from our unique investment process. There are roughly 3,300 mutual funds in Morningstar's database with an eleven year track record, if you don't count money market funds or multiple share classes. Only two of them beat the S&P 500 over the past eleven years. That puts us in rare company."
The field of index-beating funds has narrowed dramatically in recent years. From January 1, 1999 through the end of 2007, 43 funds had beaten the S&P 500 each year. By the end of 2008, that group had been reduced to seven funds. And now, there are only two. Matthews Asian Growth & Income and Manning & Napier Pro-Blend Max Term S are the only funds that matched Frontier's impressive eleven year track record.
Even more telling: of the 700+ funds in the Morningstar database that list the S&P 500 as their primary benchmark, none have beaten the S&P 500 over the past eleven years. (Manning & Napier lists the Russell 3000 and Matthews uses MSCI AC Asia Ex Japan.)
"This has been a very challenging decade for investors," MacKillop observes. "We managed to do well for our clients by keeping our eye on the future and maintaining our discipline, despite incredible fluctuations in the markets. You never know what tomorrow holds, but we have confidence in our investment process. It seems to be working pretty well."
Frontier Asset Management, LLC is an investment management firm based in Sheridan, Wyoming, with offices in Atlanta and Denver. Frontier manages or advises on approximately $600 million in assets for the clients of financial advisors, individuals and institutions. Frontier offers a range of portfolios constructed using mutual funds, including a line of risk-defined portfolios, an Absolute Return portfolio and a fully tactical Focused Opportunities portfolio.
SOURCE Frontier Asset Management, LLC