Discuss briefly the main findings regarding A) whether actively managed mutual funds in the United States beat the market return on average (over any time period) and B) if they do beat the market, is their outperformance persistent?
Added by Ricky M.
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This means that investors who choose actively managed mutual funds are less likely to achieve higher returns than those who invest in passive index funds. B) Even if some actively managed mutual funds do beat the market, their outperformance is not persistent. Show more…
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