IFSE - CIFC BUNDLED exams 2023 with 100% correct answers

Where and when was the first mutual fund created? - correct answer Netherlands late 1700s After the Netherlands, to which countries did mutual funds spread? - correct answer England, France, USA (1800s) When was the first open-end mutual fund created in the USA? - correct answer 1924 ...

Mutual Funds - correct answer Investments that hold a collection of different securities such as equities and bonds. Holdings - correct answer Collectively, the securities in a mutual fund The 3 main investment objectives - correct answer 1. Safety of Principal 2. Income 3. Growth S...

Mutual Fund Corporation - correct answer - investors are shareholders - board of directors governs the fund - board of directors are elected by the shareholders at the fund's annual general meeting Mutual Fund Trust - correct answer - investors are unit-holders - no board of directors. Gove...

Portfolio manager qualifications - correct answer - required to be registered with the provincial securities commissions in the provinces in which they choose to operate - must obtain a CFA designation - must have relevant experience Active management approaches - correct answer 1. Top-down ...

Mutual Fund Corporation - correct answer - investors are shareholders - board of directors governs the fund - board of directors are elected by the shareholders at the fund's annual general meeting Mutual Fund Trust - correct answer - investors are unit-holders - no board of directors. Go...

3 Common Economic Indicators - correct answer 1. Gross Domestic Product (GDP) 2. Inflation Rate 3. Unemployment Rate Gross Domestic Product (GDP) - correct answer A measure of the total market value of all the final goods and services produced in the economy in a year. Measured in dollars. ...

1. To whom are you permitted to make an unsolicited telephone call to market new products ("cold-call") if they have signed up on the National Do Not Call List (DNCL)? - correct answer someone with whom you already have a business relationship Which of the following statements about Mutual Fu...

Who's mandate is to protect inv fr unfair, improper or fraud practices to foster fair and efficient cap markets to reduce risks to market integrity and inv confidence - correct answer CSA-canadian securities administrators What reg body registers the co's and individuals that manage mutual fu...

The Securities Commission - correct answer A Provincial and Territorial Regulator, administers jurisdiction's Securities Act or equivalent legislation Canadian Securities Administrators (CSA) - correct answer National Regulator, The _________ mandate consists of three goals: •to prot...

To whom are you permitted to make an unsolicited telephone call to market new products ("cold-call") if they have signed up on the National Do Not Call List (DNCL)? - correct answer someone with whom you already have a business relationship Which of the following statements about Mutual Fund ...