Studies by Ippolito and Goodwin indicate that mutual fund managers are superior performers.

Name: Studies by Ippolito and Goodwin indicate that mutual fund managers are superior performers.
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Question

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What the Ippolito article suggests is that mutual funds are efficient gatherers of information, and that, on average, they use the information well in their investment activities. However, there are costs associated with acquiring this information, and wise use of the information covers the cost of its acquisition.

Studies by Ippolito and Goodwin Indicate That Mutual Fund Managers