Give a monkey enough darts and theyll beat the market. So says a draft article by Research Affiliates highlighting the simulated results of 100 monkeys throwing darts at the stock pages in a newspaper. The average monkey outperformed the index by an average of 1.7 percent per year since 1964. Thats a lot of bananas! Any Monkey Can Beat the Market, Forbes, 20 Dec 2012 (http://onforb.es/12rvPTD) Differentiate between different types of mutual funds, and assess and discuss their returns performance in support or refutation of the above statement