Mutual funds often compare their performance with a benchmark provided by an index that
Chapter 0, Problem 26.26(choose chapter or problem)
Mutual funds often compare their performance with a benchmark provided by an index that describes the performance of theclass of assets in which the funds invest. For example, the Vanguard InternationalGrowth Fund benchmarks its performance against the EAFE (Europe,Australasia, Far East) index. Table 18.4 (text page 457) gives the annual returns(percent) for the fund and the index. Does the funds performance differsignificantly from that of its benchmark? Do a complete analysis that includes arank test to assess significance.
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