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Why does the average return of all domestic equity mutual funds typically under perform the Wilshire 5 0 0 0 equity index? Why does the

Why does the average return of all domestic equity mutual funds typically under perform the Wilshire 5000 equity index?
Why does the average return of all domestic equity mutual funds typically under perform the Wilshire 5000 equity index?
Poor risk management
Poor equity analysis
Fees and Trading Costs
Unskilled asset managers

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