Question

jennifer invests in a diversified portfolio of mutual funds. the portfolios value changes with the performance of the underlying assets. is this a variable investment, and why or why not? no, because it guarantees the return of principal. yes, because the returns depend on the performance of the underlying assets. yes, because it offers fixed returns. no, because it is not affected by market conditions.

Explanation:

Mutual funds' values are tied to the performance of underlying assets. So returns are variable. There is no principal - return guarantee and no fixed returns, and they are affected by market conditions.

Answer:

Yes, because the returns depend on the performance of the underlying assets.