Question: When a derivative is used by mutual fund manager, which of the following must apply ( select all that apply ) : Portfolio advisors must

When a derivative is used by mutual fund manager, which of the following must apply (select all that apply):
Portfolio advisors must have licenses to trade derivatives
The derivtive must be used to reduce portfolio risk
Derivatives must be mentioned in the simplified prospectus
The derivative must be used to speculate
 When a derivative is used by mutual fund manager, which of

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