Research from the 1970s to the 1990s found that over 90 percent of a fund's returns over time is explained by:
A) Market timing
B) Stock selection
C) Manager selection
D) Asset allocation
E) All of the above

Question

Quizplus · Accepted Answer

Research from the 1970s to the 1990s found that over 90 percent of a fund's returns over time is explained by asset allocation. Market timing, stock selection, and manager selection play a smaller role.

Research from the 1970s to the 1990s Found That Over