Assume that over some period, CAPM was estimated with the results shown below.

Assume that over the same time period, two mutual funds had the following results. What can be said about the fund performance (Choose only two options: One for each fund)

Fund A: Actual Return = 20% ; Beta = 1.5

Fund B: Actual Return = 22%; Beta = 2

		Fund B underperformed
		Fund B performed to expectations
		Fund A underperformed
		Fund B overperformed
		Fund A overperformed
		Fund A performed to expectations