An investment advisor is comparing performance of two mutual funds each of which is designed to outperform the S&P 500. Returns are shown below:

The Vampguard Fund returned 14%

The BlackStump Fund returned 16%.

The S&P 500 Index Fund returned 15%.

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

a)Cannot tell from the information provided.

b)Vampguard Fund even though it had a lower return than the S&P 500

c)BlackStump Fund because it had a higher return than the S&P 500

d)The S&P 500 Index Fund has the better stock selection