Which of the following statements is FALSE? On average, actively managed mutual funds don't appear to provide superior returns for their investors compared to investing in passive index funds. The more capital a fund manager has to invest, the harder it is to find profitable investment opportunities. The average fund's alpha after fees (net alpha), which is the alpha earned by investors, is 0.34%. On average, actively managed mutual funds appear to provide superior returns for their investors compared to investing in passive index funds