Evidence by Blake, Elton, and Gruber Indicates That, on Average

question 51

Multiple Choice

Evidence by Blake, Elton, and Gruber indicates that, on average, actively managed bond funds ________.

• A) outperform passive fixed-income indexes
• B) underperform passive fixed-income indexes by a wide margin
• C) perform as well as passive fixed-income indexes
• D) underperform passive fixed-income indexes by an amount equal to fund expenses

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