Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) The responsibility for choosing the right mutual fund rests with the individual investor.
B) Professional fund managers do make mistakes.
C) Although investing in mutual funds provides professional management, individual investors should continually evaluate their mutual fund investments.
D) There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds.
E) Individual investors should be involved in choosing a mutual fund because they know how the objectives of a mutual fund match their own investment objectives.