Question

All of the following statements about mutual funds are true, except:

Select the correct answer below:

The risks and returns for an individual mutual fund will be lower than those for an individual stock.

Diversification doesn't really offset much risk of individual stocks rising or falling.

In $2012,$ about $44\%$ of U$.$S$.$ households had a financial investment in a mutual fund.

For some mutual funds, the value of the fund will fluctuate with the average of the overall stock market.