Question: Which statement is NOT correct? Multiple Choice Mutual funds normally charge higher fees than ETFs. Hedge funds usually charge high fees. NAV is a major

Which statement is NOT correct?

Multiple Choice

Mutual funds normally charge higher fees than ETFs.

Hedge funds usually charge high fees.

NAV is a major factor in determining the value of a mutual fund.

Mutual fund is an index fund that trades like a closed-end fund.

ETFs usually follow a specific market sector or even an index.

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