Which of the following is true?
a. Managed equity funds that have yielded attractive returns during the last 5 or 10 years can generally be counted on to yield similar returns in the future.
b. Managed funds generally outperform indexed equity mutual funds.
c. An investment strategy that yielded a high rate of return in the past will often be disastrous in the future.
d. Indexed equity mutual funds are usually tied directly to either the Consumer Price Index or the GDP deflator.
C
You might also like to view...
In order to work well, fiscal policy must be all of the following EXCEPT:
A. targeted. B. timely. C. tax-related. D. temporary.
Twenty-nine countries in Europe have formed the European Union (EU). After the EU was formed it
A) eliminated all tariffs among its member countries. B) completed a trade treaty (NAFTA) that reduced tariff rates between the EU and North American countries. C) barred imports of 747 jumbo jets by its member countries; all EU countries must now buy jets from Airbus, a European company. D) greatly decreased imports and exports among its member countries.