能解释一下选项A为什么错吗

问题如下：

Which of the following statements about securitization is incorrect?

选项：

A.

The ABS that are created by securitization have characteristics similar to those of equity investments.

B.

Buying securitized debt helps investors increase exposure to the risk–return characteristics of a wider range of underlying assets.

C.

Securitization transactions allow issuers to create risk–return characteristics to satisfy the risk tolerance of different investors.

解释：

The correct answer is A. The ABS that are created by pooling loans and receivables have characteristics similar to those of a standard bond.

B is incorrect because it is a correct statement. Holding securitized debt helps pension fund investors increase exposure to the risk–return characteristics of a wider range of underlying assets.

C is incorrect because it is a correct statement. Securitization transactions allow issuers to design risk–return characteristics to satisfy the risk tolerance of different investors.