Which One of the Following Statements Is False

Multiple Choice

Which one of the following statements is false?

A) As an investor,you should be concerned with how long a fund manager has been managing a mutual fund.
B) The fund manager chooses when to buy and sell securities in the fund.
C) If a manager has been managing a fund for 5 or 10 years,it is time to change managers and get someone with new ideas.
D) The fund manager is responsible for choosing the securities that are contained in the fund.
E) Managed funds have higher fees than index funds.