单选题
Which of the following statements regarding mutual funds is inaccurate? A. Because closed-end funds are listed on securities exchanges, it is possible to sell shares in such a fund to another investor. B. An investment company sponsoring a mutual fund must give investors a prospectus each month. C. CDA/Weisenberger is an example of a professional advisory report that provides each fund, brief history, investment objectives, statistical history, personnel, sales charges and investment performance.
【正确答案】
B
【答案解析】Investment companies sponsoring a mutual fund do not give investors a prospectus each month. Closed-end funds trade like stocks in which investors sell shares in one fund to another investor. CDA/Weisenberger is an example of a professional advisory report that provides investment performance history.