Which of the Following Statements Is False

Which of the following statements is false?

A) Market timers charge 1 1/2 percent to 3 percent of the dollar value of the funds they manage.
B) Early research indicates that market timers must be evaluated as a group.
C) Since market timers offer a relatively new service, it is hard to evaluate long-term performance.
D) The true test of market timers is the ability to increase the investor's return during good times and keep that return during bad times.
E) A market timer helps investors decide when to switch from one fund to another.