Which of the following statements is false about exchange-traded funds (ETFs)? They invest in...

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Accounting

Which of the following statements is false about exchange-traded funds (ETFs)?

They invest in the stocks or other securities contained in a specific stock or securities index.

They are increasing in popularity.

The vast majority tend to mirror the performance of the index.

There is a greater need for a portfolio manager to make investment decisions.

There is no minimum investment amount.

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