The back-test performance results reported by Turner Capital are hypothetical and do not represent actual trades with real money. It is entirely possible that the market conditions encountered in the test period are unique to that period of time and may not exist again in the future. Providing this information to you does NOT IN ANY WAY indicate that using the rules that generated the reported results can or will create similar results in the future. The results may or may not have been from limited testing of a set of rules that were used explicitly in the fictitious trades of equities. In all cases, end-of-day prices were used, which is not a practical example of realistic trading. You SHOULD NOT make ANY assumptions of future trading success based on our use of the rules used to produce the reported back-test performance numbers.
PAST PERFORMANCE IS NEVER A GOOD INDICATION OF FUTURE RETURNS AND BACK-TEST PERFORMANCE IS AN EVEN POORER INDICATION OF FUTURE RETURNS.