Answer: C Option A, the risks of investment funds include systemic risks and non-systematic risks. Although the fund diversifies non-systematic risks through portfolio investment, it cannot eliminate systemic risks; Option B, securities investment funds can use effective asset portfolios to

Minimize non-systematic risks, while systemic risks are non-diversifiable risks; Option D, the fund manager is responsible for managing and using assets, and the fund custodian is only responsible for the custody of fund assets.