Which One of the Following Is False

Which one of the following is false?

A) Most mutual funds invest in stocks,bonds,and other securities.
B) Diversification provided by a mutual fund reduces risk.
C) The goals of one mutual fund investor may differ from those of another.
D) Since mutual fund managers are professionals,there is no need to evaluate a mutual funD.
E) Mutual fund investments range from very conservative to very speculative investments.