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Which of the following statements regarding an Investment Policy Statement (IPS) is incorrect? Group of answer choices A An Investment Policy Statement (IPS) must include

Which of the following statements regarding an Investment Policy Statement (IPS) is incorrect?

Group of answer choices

A An Investment Policy Statement (IPS) must include an investor's investment horizon, and if the investor has a multi-stage or a single-stage investment horizon.

B An Investment Policy Statement (IPS) must include an overview of all the active funds in the market.

C An Investment Policy Statement (IPS) must include an investor's liquidity needs, and should consider regular and emergency funding requirements.

D An Investment Policy Statement (IPS) must include an investor's risk taking ability as well as investor's willingness to take risk

E An Investment Policy Statement (IPS) must include an investor's investment preferences, such as restrictions on investing in derivatives, etc.

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