During the 7 year market cycle of 2006-2012, in which category of funds did a majority of funds outperform the market average?

Question

Quizplus · Accepted Answer

In general, a majority of funds do not outperform the market average, regardless of the market cycle or category of funds. The majority of funds underperform the market average due to factors such as fees, turnover rates, and management styles. Therefore, it is unlikely that a majority of funds outperformed the market average during the 7 year market cycle of 2006-2012 in any category of funds.

During the 7 Year Market Cycle of 2006-2012, in Which