1) An investment advisor is comparing performance of two mutual funds each of which is designed to outperform the S&P 500.

The Freedelity Fund returned 19%

The JPStanley Fund returned 16%.

Based on the information above, which is the better fund in terms of the manager's ability to select stocks?(5 pts)

Group of answer choices

Freedelity Fund has better stock selection

JP Stanley Fund has better stock selection

S&P 500 Index Fund has better stock selection

Freedelity & JP Stanley Funds have the same level of stock selection

Cannot tell from information provided