In a recent study, Malkiel found that evidence of persistence in the performance of mutual funds ________ in the 1980s.

Question

Quizplus · Accepted Answer

Malkiel's study found that evidence of persistence in the performance of mutual funds virtually disappeared in the 1980s. This suggests that there was no consistent pattern of outperformance among mutual funds, and investors should not rely on past performance as a guide to future returns.

In a Recent Study, Malkiel Found That Evidence of Persistence