15. Managed Fund Fund Average of beta R-square 1 2 3 4 5 Market Risk free Annual Return (%) 14 16 26 17 10 12 6 Standard devation 21 21 30 25 18 20 1,15 1,1 1,3 0,9 0,45 0,70 0,98 0,96 0,92 0,60 Rank the fund from highest to lowest using the Sharpe ratio b. Rank the fund from highest to lowest using the Treynor ratio Which fund is able to beat the market using Sharpe and Treynor measures? d. Which portfolio is the best, explain. e. Explain M^2 and Information ratio to measure fund performance f. Explain whether the mutual fund has selection and timing ability g. Describe in brief the M^2 mutual fund performance measures and information ratios