Which one of the following statements is false?

A.	An exchange-traded fund invests in the stocks or securities contained in a stock or securities index.

B.	With an exchange-traded fund, an investor can purchase as little as one share.

C.	The return on shares in an exchange-traded fund tend to mirror the performance of the index.

D.	A passively-managed exchange-traded fund manager needs to make more decisions than an actively-managed mutual fund manager.

E.	Exchange-traded funds are increasing in popularity.