Del Guercio and Reuter (2014) find
A) direct -purchase mutual fund investors outperform those who purchase through brokers.
B) broker -purchase mutual fund investors outperform those who direct purchase directly.
C) both types of investors did as well or better than index funds.
D) both types of investors underperformed index funds.

Question

Quizplus · Accepted Answer

Del Guercio and Reuter (2014) find that direct-purchase mutual fund investors outperform those who purchase through brokers, indicating that the intermediation layer added by brokers may not add value in terms of investment performance.

Del Guercio and Reuter (2014) Find