Does the empirical evidence support EMH?Explain
YES, Empirical evidence supports the theory of Efficient market hypothesis because Efficient market hypothesis always advocate for the passive investment and investment into the index funds and not investing into the active managed mutual funds and empirical evidence is reflecting that investors who are investing into the passively managed funds over a long period of time are always significantly outperforming those who are actively investing into the mutual funds.
Hence, it can be said that empirical evidence suggests that actively managed Mutual Funds are underperforming the index by a huge margin in last few decades and almost 70% of the mutual funds which are actively managed has completely underperformed the index so it can be said that empirical evidence completely suggest for Efficient market hypothesis and passive investment.
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