Which One of the Following Statements Is False

Which one of the following statements is false?

A) An exchange-traded fund invests in the stocks or securities contained in a stock or securities index.
B) With an exchange-traded fund, an investor can purchase as little as one share.
C) The return on shares in an exchange-traded fund tend to mirror the performance of the index.
D) A passively-managed exchange-traded fund manager needs to make more decisions than an actively-managed mutual fund manager.
E) Exchange-traded funds are increasing in popularity.