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ExamPassdump의 CISI IFC 덤프로 시험을 준비하면CISI IFC시험패스를 예약한것과 같습니다. 가장 최근 출제된CISI IFC시험문제를 바탕으로 만들어진 적중율 최고인 덤프로서 간단한 시험패스는 더는 꿈이 아닙니다. 덤프는 pdf파일과 온라인서비스로 되어있는데 pdf버전은 출력가능하고 온라인버전은 휴대폰에서도 작동가능합니다.
| Certification Vendor: | CSI (Canadian Securities Institute) |
|---|---|
| Exam Name: | Investment Funds in Canada (IFC) |
| Exam Number: | IFC |
| Exam Duration: | 180 minutes |
| Real Exam Qty: | 100 |
| Available Languages: | French, English |
| Certificate Validity Period: | 2 years |
| Exam Format: | Multiple Choice |
| Exam Price: | CAD 520.00 |
| Passing Score: | 60% |
| Sample Questions: | CISI IFC Sample Questions |
| Exam Way: | Proctored (remote or in-person at a test centre) |
| Pre Condition: | None |
| Official Syllabus URL: | https://www.csi.ca/student/en_ca/courses/csi/ifc.xhtml |
CISI IFC 시험환경에 적응하고 싶은 분은 pdf버전 구매시 온라인버전 또는 테스트엔진 버전을 추가구매하시면 됩니다. 문제는 pdf버전의 문제와 같지만 pdf버전의 문제를 마스터한후 실력테스 가능한 프로그램이기에CISI IFC시험환경에 익숙해져 시험을 보다 릴렉스한 상태에서 볼수 있습니다.
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질문 # 15
Danny is a Dealing Representative for Everbright Investments. He met with his client Adele, who has
$1,000,000 to invest. During their meeting Danny determines that Adele has a high-risk profile. In addition, he learns that she has an excellent understanding of equities and how volatile they can be. Danny is considering recommending growth funds specifically, and making a recommendation from the following investment options:
Based on the information provided, which mutual fund should Danny recommend?
정답:B
설명:
Adele has a high-risk profile and an excellent understanding of equities. Therefore, it would be appropriate for Danny to recommend growth funds. However, since Adele has $1,000,000 to invest, it would be prudent to diversify her investments and invest equally in all 3 funds. This way, she can benefit from the exposure to different regions and sectors, and reduce the impact of market fluctuations on her portfolio. Based on the table, all 3 funds have the same 5-year annualized returns net of MER, which is 15%. However, they have different MERs and Sharpe ratios. The MER is the fee charged by the fund manager for managing the fund, and the Sharpe ratio is a measure of risk-adjusted return. A lower MER means a lower cost for the investor, and a higher Sharpe ratio means a higher return per unit of risk. Therefore, investing equally in all 3 funds would allow Adele to achieve a balanced trade-off between cost and performance. References:
* Canadian Investment Funds Course (CIFC) Study Guide, Chapter 4: Mutual Funds, Section 4.2: Types of Mutual Funds, page 4-6
* Canadian Investment Funds Course (CIFC) Study Guide, Chapter 5: Fixed-Income Securities, Section
5.5: Risk-Return Trade-Offs, page 5-14
* Sharpe Ratio Definition - Investopedia
질문 # 16
An increase in which factor is a result of a deflationary environment?
정답:C
설명:
In a deflationary environment, prices of goods and services fall. This leads to:
Lower corporate profits (as companies sell at lower prices)
Lower interest rates (to stimulate borrowing)
But personal savings increase because consumers delay purchases expecting lower future prices.
Therefore, the correct answer is Personal savings.
질문 # 17
Which statement best describes key differences between dividend funds and standard equity funds?
정답:B
설명:
Comprehensive and Detailed Explanation From Exact Extract:
Standard equity funds focus on capital gains and may include dividend income, but unlike dividend funds, they do not prioritize capital preservation. The feedback from the document states:
"A standard equity fund seeks to earn some combination of dividend income and capital gains from investment in Canadian common stocks. This objective appears to be similar to that of a preferred dividend fund. The difference between the two is that an equity fund usually has a much stronger capital gains focus.
Note as well that equity funds make no specific attempt to preserve capital; in other words, equity funds are willing to put capital at substantially greater risk than preferred dividend funds." Reference:Chapter 12 - Riskier Mutual Fund ProductsLearning Domain:Analysis of Mutual Funds
질문 # 18
Irina Pluskova is a financial advisor for a multi-national firm. She is a well-known personality within the local community for her philanthropic work with children's charities. What must Irina do to uphold the Standards of Conduct?
정답:A
질문 # 19
Gregory is a conservative investor who wants to hold a portfolio of equity securities that would fall less than the overall market in a downturn.
Which of the following portfolios would you advise Gregory to invest in?
정답:D
설명:
A portfolio with a beta less than 1 would be suitable for Gregory, who is a conservative investor and wants to reduce his exposure to market risk. A beta less than 1 means that the portfolio is less volatile than the market index and tends to dampen its movements. This implies that the portfolio would fall less than the market in a downturn, but also rise less than the market in an upturn. A portfolio with a beta equal to 1 would move in the same direction and magnitude as the market, while a portfolio with a beta greater than 1 would be more volatile than the market and amplify its movements.
Canadian Investment Funds Course, Chapter 3: Risk and Return1
질문 # 20
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