Faff,Gallagher and Wu (2005)in Their Research Find That Fund Managers

question 8

Multiple Choice

Faff,Gallagher and Wu (2005) in their research find that fund managers have been ________ to deliver superior returns through _________________,although there is evidence of value enhancement in the Australian equities asset class.

• A) able; property acquisitions
• B) consistent; superannuation funds
• C) continuing; hedge funds
• D) unable; tactical asset allocation

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Definitions:

Stock Dividend

A form of dividend payment made in additional shares of the issuing corporation, rather than in cash.

Reverse Stock Split

A corporate action that consolidates the number of existing shares of stock into fewer, proportionally more valuable shares.

Shares

Units of ownership interest in a corporation or financial asset, providing a proportionate claim on its assets and profits.

Stock Split

An action by a corporation where it splits its current shares into numerous shares, aiming to increase the shares' liquidity.