Alcorn Mutual Funds is placing large advertisements in several financial publications. The advertisements prominently display the returns

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Alcorn is placing large advertisements in several financial publications. The advertisements prominently display the returns of 5 of Alcorn's 30 funds for the past 1-, 3-, 5-, and 10-year periods. The results are indeed impressive, with all of the funds beating the major market indexes and a few beating them by a large margin. Is the Alcorn family of funds superior to its competitors?
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...

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No we cannot say that Alcorn Mutual Funds as a group is superior to com...View the full answer

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Odafe Imogu

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