Which of the following is an advantage of an indexed equity mutual fund relative to a managed equity fund?
a. Indexed funds generally have better stock pickers.
b. Indexed funds engage in more detailed research.
c. Indexed funds have lower operating costs because they engage in less stock trading.
d. Indexed funds earn a significantly higher rate of return than a broad portfolio that represents the entire stock market.
C
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Given the information in the figure above, Liz ________ benefit from trade with Joe because ________
A) can; each of them has a comparative advantage in one of the goods B) can; each of them has an absolute advantage in one of the goods C) cannot; she has an absolute advantage in both goods D) cannot; she has a comparative advantage in both goods E) can; Joe is more productive in producing one of the goods
The _______ demand for money is holding money in expectation that bond prices and the prices of other assets might change.
A) speculative B) exchange C) transactions D) precautionary