S99FINAL.15
15.Circle any/all that are true: (3)

1. Load funds do not outperform no-load funds
2. Even when a mutual fund manager picks stocks that outperform the market, their investors often don't do better than the market
3. Mutual funds allow individual investors to buy a piece of a well-diversified portfolio
4. International diversification is worthless.

a, b and c are true. If you are in the 8am section, we didn't really discuss b, so you didn’t have to have that one marked for full credit.

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