2. 外语
  3. Which of the following about ETF is not true?______.

Which of the following about ETF is not true?______.

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问题 Which of the following about ETF is not true?______.
选项 A、ETF is a security that tracks an index and represents a basket of stocks like an index fund, but trades like a stock on an exchange.
B、ETF does not experience price changes throughout the day as it is bought and sold.
C、The expense ratios for most ETFs are lower than the average mutual fund.
D、None of the above.
答案B
解析 答案为B项。ETF全称exchange—traded fund“交易所交易基金”。指追踪某一指数的、在交易所挂牌交易的基金。它兼具封闭式基金和开放式基金的特点，既可以在一级市场申购赎回，也可以在二级市场交易买卖。因此，它为投资者提供了一个套利机制。其运作成本和管理费用都很低。根据ETF的特点，本题中除B项所述的“ETF的价格在交易当日不浮动”的说法不正确，其余都正确，故选B项。
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