Which of the following is not a true statement about mutual funds?
A)They are managed by professional managers
B)Proceeds are only invested in stocks
C)Minimum investment is required
D)The value of shares is reported in The Wall Street Journal

Question

Quizplus · Accepted Answer

Mutual funds can invest in a variety of securities, including stocks, bonds, and other financial instruments. The choice of investments is determined by the fund's investment objective and strategy, which are outlined in the prospectus. Therefore, proceeds are not only invested in stocks.

Which of the Following Is Not a True Statement About