Which of the following is not one of the characteristics of exchange traded funds (ETFs)?
A)They are mostly passive portfolios.
B)They are sometimes managed portfolios.
C)They often track a particular sector of the market.
D)They are priced based on Net Asset Value.

Question

Quizplus · Accepted Answer

ETFs are mostly passive portfolios, meaning they track a particular index or sector of the market. They are priced based on Net Asset Value (NAV), which is the value of the underlying assets in the fund. ETFs can be managed portfolios, but this is less common.

Which of the Following Is Not One of the Characteristics