Question 18 5 pts One of Vampguard's actively managed US stock funds outperformed the S&P every year for the past six years even after adjusting for the Fund's beta The Fund's management teams fundamental analysis to Identity underpriced stocks and avoid those that are over-priced Which of the following BEST describes the situation assuming markets are semi-strong form efficient? An investor believing that markets are strong form efficient would likely investment in the Vamppuard Fund since it delivered positive alpha over the past se years Vapaard's portfolio Management beves that markets are weak formetficient. Varroguard's portfolio Manager is dat identifying underpriced studies Allstatements were Vamos fund performance proves conclusively that makes me formater than sorgent