Any monkey can beat the market

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"Give a monkey enough darts and they'll beat the market. So says a draft article by Research Affiliates highlighting the simulated results of 100 monkeys throwing darts at the stock pages in a newspaper. The average monkey outperformed the index by an average of 1.7 percent per year since 1964. That's a lot of bananas!"
- "Any Monkey Can Beat the Market", Forbes, 20 Dec 2012 (http://onforb.es/12rvPTD)
Differentiate between different types of mutual funds, and assess and discuss their returns performance in support or refutation of the above statement.

Reference no: EM13682271

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