An investor should be cautious when selecting a fund based solely on the manager's past performance because past performance may not be repeated in the future.

Question

Quizplus · Accepted Answer

Past performance is not a guarantee of future success and there are many factors that can affect a manager's performance. Therefore, it is important to consider other factors such as the fund's investment strategy, fees, and track record before making an investment decision.

An Investor Should Be Cautious When Selecting a Fund Based