☆ The stock market in the U.S. has been shown to be highly efficient with respect to information. Evidence would be that most active mutual fund managers underperform their passive benchmarks. In this type of environment, investment performance over long periods of time. opportunities exist for investors. This suggests that a approach to investing tends to lead to better numerous; passive; active O few; active; passive few; passive; active numerous; active; active
☆ The stock market in the U.S. has been shown to be highly efficient with respect to information. Evidence would be that most active mutual fund managers underperform their passive benchmarks. In this type of environment, investment performance over long periods of time. opportunities exist for investors. This suggests that a approach to investing tends to lead to better numerous; passive; active O few; active; passive few; passive; active numerous; active; active
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:The stock market in the U.S. has been shown to be highly efficient with respect to information. Evidence would be that most active mutual fund managers underperform their
opportunities exist for
investors. This suggests that a
passive benchmarks. In this type of environment,
investment performance over long periods of time.
approach to investing tends to lead to better
numerous; passive; active
few; active; passive
few; passive; active
numerous; active; active
0000
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