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CISI Chapter 7 Exam Questions and Answers
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CISI Chapter 7 Exam Questions and Answers
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CISI Chapter 7 Exam Questions andAnswers
Which of the following feature is regarded as an advantage of passively managed
funds? - Answer -Charges will be relatively low compared to thise of actively managed
funds
What key factor makes real estate investment trusts less risky than direct property
investment? - Answer -Diversification
Unit trusts are normally purchased in which one of the following ways? - Answer -
Purchasing direct from the manager
If net asset value of an investment trust is €2.8, and its shares are trading at €2.75, the
fund is normally said to be trading at? - Answer -A discount
What is the duty of an open-ended investment company (OEIC) despoitory? - Answer -
To look after the assets
Which type of fund is most likely to operate an initial three month 'lock in' period before
investors can sell their investments? - Answer -Hedge funds
Which organisations rules govern the pricing of a unit trust? - Answer -FCA
An investor would usually purchase open-ended investment company shares directly
from which one of the following? - Answer -The authorised corporate director
Hedge funds that employ 'absolute return' strategy use which of the following
investment techniques? - Answer -Employing a mix of strategies and asset types,
including shorting and derivatives
Who is considered to be the legal owner of assets of a unit trust? - Answer -The trustee
Which one of the following is an alternative term for open-ended investment company? -
Answer -ICVC ( investment companies with variable capital
Depo Plc has been appointed as the depository for an open-ended investment
company. Depo plc's responsibilities will include which one of the following? - Answer -
Overseeing the activities of the authorised corporate director
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