IFC試験無料問題集（490題）「CISI Investment Funds in Canada (IFC) 認定」

出題：1

At the close of business, Great Lengths Equity Fund had total assets of $135 million and total liabilities of $10 million. They had 11 million units outstanding. In addition, their current assets totalled $13 million and current liabilities were $3 million. Which of the following statements regarding Great Lengths Equity Fund's net asset value per unit (NAVPU) is correct?

A. The NAVPU is the total liabilities divided by the number of outstanding units.

B. Great Lengths Equity Fund's NAVPU is $11.36.

C. Current assets and current liabilities are used in the NAVPU calculation.

D. There is not enough information available to calculate the NAVPU.

正解：B 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：2

Pierre wants to discuss the merits of a specific mutual fund with his Dealing Representative, Simone. There are no trailer fees associated with this fund. Simone is familiar with the mutual fund that Pierre is referring to, which is not offered by her dealer. They schedule an appointment to further discuss his investment portfolio.
Which behaviour from Simone is ethical?

A. When comparing her dealer's own mutual funds to the one Pierre discovered, Simone emphasizes the importance of similar net rates of return and minimizes the significance of management expense ratios (MERs).

B. While comparing Fund Facts of the different mutual funds, Simone points out that not only are the fund management expenses different but so are the investor profiles for each fund.

C. Knowing Pierre does not like that her dealer's funds have trailer fees, she chooses not to discuss the relationship between trailer fees and MER while making comparisons.

D. Simone's ability to keep her knowledge current on competitors' investment offerings shows that she is putting her client's interest first.

正解：B 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：3

Seth's brother Keith manages a successful private equity fund. Seth is an investment advisor and has thoroughly evaluated Keith's fund. He believes it would be an excellent investment for some of his clients. If Seth does not disclose his relation to Keith prior to recommending this investment, what value does he stand to breach with his client?

A. Duty of care

B. Compliance

C. Integrity

D. Confidentiality

正解：C 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：4

The performance of ABC Mutual Fund ranks 54 out of 100 funds in its peer group. What is its quartile ranking?

A. 1st quartile

B. 4th quartile

C. 3rd quartile

D. 2nd quartile

正解：C 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：5

What expense ratio is paid by mutual fund investors for the explicit costs of running the fund?

A. Management expense ratio

B. Operating expense ratio

C. Management fee ratio

D. Trading expense ratio

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：6

Which behavioural bias causes a person to rely on a "best-fit" process to form the basis for understanding a new circumstance?

A. Representativeness

B. Status quo

C. Availability

D. Hindsight predisposition

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：7

Pierre buys a call option on a stock. What is the implication of this transaction?

A. Pierre has the right to sell the stock if he exercises the option.

B. Pierre has the right to buy the stock if he exercises the option.

C. Pierre is obligated to buy the stock if the option is exercised.

D. Pierre is obligated to sell the stock if the option is exercised.

正解：B 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

出題：8

Felipe is a Dealing Representative who is developing a non-registered investment solution for Laryssa. Felipe is debating between recommending either mutual fund trusts or mutual fund corporations. He wants to recommend an investment that reduces Laryssa's exposure to taxation.
Which feature may influence his recommendation?

A. Any income received by a mutual fund corporation is distributed in the form of either capital gains or Canadian dividends.

B. Distributions from mutual fund corporations are not taxable to investors.

C. Mutual fund trusts can only distribute capital gains and Canadian dividends.

D. Capital losses may be distributed from mutual fund corporations.

正解：A 解答を投票する

解説: (GoShiken メンバーにのみ表示されます)

IFC試験無料問題集「CISI Investment Funds in Canada (IFC) 認定」