What is the shortcoming of using peer group performance comparisons to judge performance of a fund? A) The fund manager’s investment objectives may be more meaningful than its peers. B) The fund manager’s investment objectives may be more cash dominant than its peers. C) The fund manager’s investment objectives may be the same as its peers. D) The fund manager’s investment objectives may be narrower or wider than its peers.

What is the shortcoming of using peer group performance comparisons to judge performance of a fund? A) The fund manager’s investment objectives may be more meaningful than its peers. B) The fund manager’s investment objectives may be more cash dominant than its peers. C) The fund manager’s investment objectives may be the same as its peers. D) The fund manager’s investment objectives may be narrower or wider than its peers.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 4FPE

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