Del Guercio and Reuter (2014) find
A. direct -purchase mutual fund investors outperform those who purchase through brokers.
B. broker -purchase mutual fund investors outperform those who direct purchase directly.
C. both types of investors did as well or better than index funds.
D. both types of investors underperformed index funds.
A. direct -purchase mutual fund investors outperform those who purchase through brokers.
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