Which of the following statements are CORRECT? I - All managed funds offered to Hong Kong investors under the Mandatory Provident Fund Scheme (MPF) must be onshore funds. II - All managed funds in...

Which of the following statements are CORRECT?

I -  All managed funds offered to Hong Kong investors under the Mandatory

Provident Fund Scheme (MPF) must be onshore funds.

II -  All managed funds in Hong Kong must meet certain Securities and Futures

Commission (SFC) standards.

III -  Most of Hong Kong’s authorised unit trusts are domiciled outside Hong Kong.

IV - Most of Hong Kong’s authorised unit trusts are domiciled in Hong Kong.

A) I and III only

B) I and IV only

C) II and III only

D)  II and IV only