Question

Which of the following statements about mutual funds is/are correct? 1)Mutual funds are a type of investment where investors pool their money together to invest in a diversified portfolio of securities. 2)Mutual funds are always managed by professional fund managers who make investment decisions on behalf of the investors. 3)Target date fund is a type of mutual fund.

A 1 and 2 only
B 1 and 3 only
C 2 and 3 only
D 1, 2 and 3
E 3 only
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