Vanguards Health Care Fund (VGHCX) outperformed Vanguards S&P 500 Index fund during the period 20002005, although it

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Vanguard’s Health Care Fund (VGHCX) outperformed Vanguard’s S&P 500 Index fund during the period 2000–2005, although it had a higher operating expense ratio. What is the reason for this outperformance?

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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