3 What are the advantages of an exchange-traded fund (ETF) over an index mutual fund? 1. It is better diversified. II. It charges a lower management expense ratio (MER). III. It is valued and traded throughout the day. A) I and II, only B II and III, only C) I, II and III D I and III, only 24 Judith is concerned that her creditors could seize her financial assets in the event of a bankruptcy. Which should she choose? A Exchange-traded fund B Mutual fund Segregated fund