Which of the following statements is LEAST consistent with the features of an ETF as explained in the lecture content:

Question

Answer

ETFs are an investment that are listed and traded on a stock exchange.

Answer

ETFs often track some type of stock index, such as the ASX200 index.

Answer

ETFs usually include management fees that are lower than comparable managed funds offered by many fund managers.

Answer

ETFs traded on the Australian Securities Exchange (ASX) normally just track various Australian indices.

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