Which of the following statement regarding fund selection is correct?

Select one:

a.

Quantitative measures such as historical return, and risk of funds are always more accurate indicators of future performance than qualitative measures such as fund manager's education, professional qualification and experience.

b.

Financial companies, such as Morningstar, issue ratings for managed funds which may help investors to select the appropriate funds to invest.

c.

The higher the turnover of a fund the higher the chance of future outperformance.

d.

All of the above are correct.