Question
Most studies of mutual fund performance conclude that managers cannot consistently exceed the average return in the stock market as a whole. Why might you
Most studies of mutual fund performance conclude that managers cannot consistently exceed the average return in the stock market as a whole. Why might you expect this result? What does it imply about investors motives for buying managed mutual funds?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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