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What is the average historical performance of actively managed equity funds compared to the Wiltshire 5000 index? Active funds have _____ the index on average,
What is the average historical performance of actively managed equity funds compared to the Wiltshire 5000 index?
Active funds have _____ the index on average, _____ adjusting the index returns for trading costs and management fees.
a) underperformed; even after
b) outperformed; but only when not
c) underperformed; but only when not
d) outperformed; after
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