Which Is Not an Advantage of Exchange-Traded Funds (ETFs)

question 13

Multiple Choice

Which is not an advantage of exchange-traded funds (ETFs) ?

• A)Their expense ratios are lower than mutual funds
• B)Because they imitate an index, there are no real research costs
• C)They can be bought and sold all day long at a price that is almost exactly the net asset value of the stocks in the index
• D)The assets in the portfolio are marked to market continuously
• E)They are open-ended funds that have reasonably low sales expenses

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