Which of the following statements is false?
A) Most investors in mutual funds will tell you that the most important consideration in evaluating a mutual fund is long-term performance.
B) It is possible to compare a fund's long-term performance with the performance of the TSE 300 stock index.
C) The length of time a fund's manager has been managing a fund should not be considered when evaluating a fund because the investment company has the right to replace a fund manager.
D) Long-term performance should not be the only factor that you consider in evaluating a mutual fund.
E) Information on a fund's long-term performance is available in its prospectus and in other sources of financial information.
Correct Answer:
Verified
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