Cifc exam - Study guides, Class notes & Summaries

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. Governed by trusts or trustees - unit-holders don't have authority to appoint trustees Mutual Funds Complex - correct answer - mutual fund manager - portfolio manager - custodian - distributo...

IFSE - CIFC - Unit 1 exam solved 100% National Instruments are developed through? -Correct Answer-CSA With which organization must mutual fund dealers (outside of Quebec) register? -Correct Answer-MFDA Which organization operates the Investor Protection Corporation (IPC)? -Correct Answer-MFDA Registration Requirements and Exemptions provides the harmonized registration rules for the registration of firms and individuals with the provincial or territorial securities commissions -Correct...

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. Consumer Price Index (CPI) - correct answer a measure of the overall cost of about 600 goods and services bought by a typical consumer. Calculated in relation to a base year. Increase generally m...

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 2. Bottom-up Top-down approach - correct answer - look at macroeconomic variable such as GDP of various countries, interest rates, and employment rates - then look at industry, sectors or countri...

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)? - ANSWER-someone with whom you already have a business relationship Which of the following statements about Mutual Fund Dealers Association of Canada (MFDA) is CORRECT? - ANSWER-It is a self-regulatory organization for the distribution side of the Canadian mutual funds industry. What is the role of the Ombudsman for Bankin...

CSA - correct answer National Instruments are developed through? MFDA - correct answer With which organization must mutual fund dealers (outside of Quebec) register? MFDA - correct answer Which organization operates the Investor Protection Corporation (IPC)? NI 31-103 - correct answer Registration Requirements and Exemptions provides the harmonized registration rules for the registration of firms and individuals with the provincial or territorial securities commissions NI 81-...

Series T fund - ANSWERSRicardo has started attending meetings between his mother and her financial advisor. Ricardo realizes that Maria is going to need $3000.00 monthly income from her investments now that she is fully retired. Which of the following investments will be best for Ricardo's mom? explanation: Income paid but can differ from year to year Channeling funds using direct financing - ANSWERSSusan needs $1500 to help her cover expenses until she finished school and can begin to p...