Question 2 Not yet answered Marked out of 2.00 Flag question Which of the following is incorrect? O a. O b. The many different types of superannuation funds can be classified by the type of benefits they provide and whether they are public or private sector funds. Open-end investments are a collective investment fund that allows additional investment from existing and new investors, and allows existing investors to withdraw funds. Insurance companies generate profits by collecting from a range of clients' insurance premiums that are then pooled and used to pay claims on these policies. O c. O d. Disadvantages of an ETF include lack of portfolio diversification, tax inefficiencies and less transparency when compared with managed funds