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According to an influential study in the late 1990s, what does the data say about mutual fund performance? The best performing funds in a given

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According to an influential study in the late 1990s, what does the data say about mutual fund performance? The best performing funds in a given year typically do not maintain this strong performance in the following 5 years The worst performing funds in a given year tend to reverse and become the best performing funds in subsequent years The best performing funds in a given year continue to outperform for the following 5 years The funds with middle-of-the-road performance in a given year tend to outperform all other funds in the following 5 years According to an influential study in the late 1990s, what does the data say about mutual fund performance? The best performing funds in a given year typically do not maintain this strong performance in the following 5 years The worst performing funds in a given year tend to reverse and become the best performing funds in subsequent years The best performing funds in a given year continue to outperform for the following 5 years The funds with middle-of-the-road performance in a given year tend to outperform all other funds in the following 5 years

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