Qu 11 Reading 47 ask the following: If international investment managers as a group, beat some national market index what does it tell us about the performance of local investment managers?
Ans: If international investors as a group beat some national index it tells us that that local investors as a group probably underperformed the index.
Could someone explain the rationale behind the answer. Essentially I was wondering why it is that the good perfromance does not extend to local investment manager? |
发表于 2011-7-13 16:34
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