Studies or data on mutual performance versus a market index find:

Multiple Choice

• A) most mutual funds outperform the index. These findings refute the semi-strong efficient markets.

• B) most mutual funds outperform the index.These findings refute the strong form of efficient markets.

• C) most mutual funds under perform the index.These findings support the semi-strong form of the efficient market.

• D) mutual funds are riskless compared to the index.