Question 6 Which of the following is true about Exchanged Traded Funds (ETFs)? a. ETFs Always Trade at Net Asset Value b. ETFs are Prohibited from Using Leverage C c. ETFs Manage Greater Asset Values than Mutual Funds d. ETFs are Generally Closed End Funds Ce. Most ETFs are Actively Managed Which of the following is a drawback regarding the use of funds of funds? a. Access to More Managers C b. Double Layer of Fees C c. Endowment Mimicking Strategies d. Lower Manager Search Costs e. Manager Diversificatiorn Which of the following is NOT a smart beta S&P 500 ETF? a. IVE b. RSP C. NOBL d. SPHD C e. SPY