Mutual Funds' Risk Adjusted Performance (Manuscripts‪)‬

INTRODUCTION From the first one created in the 1920's to the thousands that are available today, mutual funds are a popular investment vehicle. When investors look at mutual funds, they need to consider two characteristics, risk and return. In an ideal world, there would be high returns with no risk. Unfortunately, that's not how the investment world works. All too often, risk is often mentioned in terms of the classification of the fund (aggressive growth, growth, income, balanced, and international are categories often used). Mutual funds are split into different objective categories to suit each investor's needs. For example, a retired person will be interested in income preservation with lower risk while a college student would seek out aggressive growth higher risk.