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Consider the following information. Each fund is actively-managed. Year Buckeye Fund Wolverine Fund Manager Return Manager Return 2020 Julie 10% Sara 5% 2019 Julie 20%

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Consider the following information. Each fund is actively-managed. Year Buckeye Fund Wolverine Fund Manager Return Manager Return 2020 Julie 10% Sara 5% 2019 Julie 20% Frank 0% 2018 Steve -5% Frank 10% 2017 Steve -10% Frank 5% 2016 Steve -10% Frank 15% 5-yr Average 1% 7% Which fund has the better odds of being a good investment in the future? Wolverine fund O Buckeye fund

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