In his 1970 study, Malkiel found that mutual funds that do well in one period have an approximately ________ chance of doing well in the subsequent-year period.

Question

Quizplus · Accepted Answer

Malkiel found that mutual funds that do well in one period have an approximately 65% chance of doing well in the subsequent-year period. This suggests that there is some predictability in mutual fund performance, but it is not a guarantee.

In His 1970 Study, Malkiel Found That Mutual Funds That