Which one of the following statements is false?
A)An exchange-traded fund generally invests in the stocks or securities contained in a stock or securities index.
B)With an exchange-traded fund, an investor can purchase as little as one share.
C)The majority of exchange-traded funds tend to mirror the performance of the index.
D)A passively-managed exchange-traded fund manager needs to make more decisions than an actively-managed mutual fund manager.
E)No minimum dollar investment amount is required for exchange-traded funds.