Most studies of mutual fund performance conclude that managers cannot consistently exceed the average return in the
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Most studies of mutual fund performance conclude that managers cannot consistently exceed the average return in the stock market as a whole. Why might you expect this result? What does it imply about investors motives for buying managed mutual funds?
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Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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