Vanguards S&P 500 Index fund consistently outperforms Morgan Stanleys S&P 500 Index fund, although both hold the

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Vanguard’s S&P 500 Index fund consistently outperforms Morgan Stanley’s S&P 500 Index fund, although both hold the same portfolio of stocks. Ignoring sales charges, what is the obvious reason for the underperformance of the Morgan Stanley fund?

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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