Which of the Following Statements About Managed Funds Is Incorrect

question 105

Multiple Choice

Which of the following statements about managed funds is incorrect?

• A) The assets of large managed funds may be managed by several professional managers.
• B) A mutual fund is required to use the services of a mutual fund custodian.
• C) Sources of funds for a managed fund may be in the form of monthly payments.
• D) For Australia, recent figures show that the statutory funds of life offices have the largest amounts of assets under management.

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