Question 11 1 pts Which of the following would be characteristics of a mutual fund? (Select ALL that apply): An equity only instrument designed to protect against losses Aggregated investment capital from individual investors Quite a common investment choice in 401k plans Low internal fees relative to ETFs Question 12 1 pts Which of the following are typical characteristics of a hedge fund? (Select ALL that apply): Passive investments with low expense ratios Can use a combination of ETFs to outperform the benchmark indices High fee investments that track a specific index Actively managed funds that generally have higher expected alpha than the market