Q
It is difficult for an actively managed investment fund to outperform an index fund because ?
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A
A. Stock markets tend to be inefficient
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B
B. All of these answers
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C
C. Index funds are able to buy undervalued stocks
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D
D. Actively managed funds trade more often and charge fees for their alleged expertise
Correct Answer:
D. D. Actively managed funds trade more often and charge fees for their alleged expertise
