It's no accident that current studies present such a dismal picture of mutual fund performance.

Operational changes such as these can affect future fund performance.

Historically, fund performance was not crucial to the success of an asset management unit.

Most important, the fee would be figured into fund performance.

But over the course of many trades, it could affect fund performance.

They looked for evidence that computer models enhanced fund performance, and sought to identify the better performers.

Meanwhile, evidence of how outstanding overall fund performance has been this year continues to accumulate.

That increase reflects good fund performance, making the lack of investor interest all the more remarkable.

A review of fund performance for the first six monthsof 1993 makes the point.

These factors significantly affect fund performance but may be ignored by investors.