Del Guerico and Reuter (2013) report that the average underperformance of actively managed mutual funds is driven largely by
A)sector mutual funds.
B)index funds.
C)direct sold funds.
D)broker sold funds.
E)bank sold mutual funds.

Question

Quizplus · Accepted Answer

Del Guerico and Reuter (2013) found that broker-sold funds tend to underperform due to higher fees and potential conflicts of interest, as brokers may prioritize their own commissions over fund performance.

Del Guerico and Reuter (2013) Report That the Average Underperformance