IFC合格対策、IFC勉強方法

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CISI IFC Exam Syllabus Topics:

SectionWeightObjectives
Understanding Alternative Managed Products3%
Understanding Investment Products and Portfolios18%
Know Your Client (KYC) Communication Process19%
Introduction to the Mutual Funds Marketplace13%
The Modern Mutual Fund5%
Evaluating and Selecting Mutual Funds16%
Ethics, Compliance, and Mutual Fund Regulation16%
Analysis of Mutual Funds10%

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CISI IFC合格対策: Investment Funds in Canada (IFC) Exam - Topexam いつでも無料ダウンロード

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CISI Investment Funds in Canada (IFC) Exam 認定 IFC 試験問題 (Q276-Q281):

質問 # 276
Karen works Monday to Wednesday for a member of the MFDA as a dealing representative and Thursday and Friday as a language instructor at a local college. Client orders received on Thursdays and Fridays are held until Karen returns to work the following week. What condition of dual employment is violated under these circumstances?

正解:A

解説:
Holding client orders until the following week violates the requirement for continuous service to clients under dual employment conditions. The feedback from the document states:
"A mutual fund dealing representative who works for or is sponsored by a member of the MFDA may have, and continue in, another gainful occupation, provided that the dealer establishes and maintains procedures to ensure continuous service to clients. In this example, Karen's clients are not receiving continuous service." Reference: Chapter 17 - Mutual Fund Dealer RegulationLearning Domain: Ethics, Compliance and Mutual Fund Regulations


質問 # 277
In the OTC market, who enters the bid and ask quotations?

正解:D

解説:
The OTC (dealer) market is a negotiated market where investment dealers (market makers) post bid and ask quotations via electronic platforms.
Mutual fund companies and issuing companies do not post quotes directly.
Retail investors place orders through dealers, but they do not set bid-ask spreads.
Thus, the correct answer is D. Dealers.


質問 # 278
Which of the following statements about nominee name accounts is TRUE?

正解:C

解説:
A nominee name account is a type of account where the dealer, not the client, is the registered owner of the mutual funds held in the account. The dealer holds the funds in trust for the client and acts as the nominee for the client. The client is the beneficial owner of the funds and retains all the rights and benefits associated with the ownership. The dealer is responsible for maintaining the records of the client's transactions and holdings, and for providing the client with confirmations, statements, and tax slips.
References = Canadian Investment Funds Course, Unit 8: Mutual Fund Administration, Lesson 1: Account Registration, Section 8.1.2: Nominee Name Accounts1; CIFC prepkit, Chapter 8: Mutual Fund Administration, Question 8.1.2 2


質問 # 279
Karen's know your client (KYC) profile corresponds to someone who has a long time horizon, is comfortable with risk and volatility, and is primarily interested in growth. She watches the daily movements of the Toronto Stock Exchange (TSX) and wants a mutual fund that will closely match what she sees.
What kind of mutual fund would be BEST for her?

正解:D

解説:
A Canadian equity index fund is a type of mutual fund that invests in stocks that track a Canadian equity market index, such as the S&P/TSX Composite Index or the S&P/TSX 60 Index. These indices measure the performance of the largest and most liquid companies listed on the Toronto Stock Exchange (TSX). A Canadian equity index fund aims to replicate the returns of the index it follows, before fees and expenses.
Therefore, this type of fund would be best for Karen, who has a long time horizon, is comfortable with risk and volatility, and is primarily interested in growth. She also wants a mutual fund that will closely match what she sees on the TSX. References: CIBC Canadian Equity Index ETF, Top Canadian Index Funds of 2023 | The Motley Fool Canada


質問 # 280
Which of the following is a rationale for a portfolio manager to use a passive portfolio management strategy?

正解:C

解説:
D is correct because a passive portfolio management strategy is based on the assumption that the markets are efficient and that it is impossible or very difficult to consistently find mis-priced securities that can generate abnormal returns. A passive portfolio manager aims to replicate the performance of a market index or benchmark by holding a diversified portfolio of securities that mirrors the index or benchmark. A passive portfolio manager does not believe in using active strategies such as market timing, security selection, or sector rotation. The manager does not need to use benchmarks (A), as they are essential for measuring and evaluating the performance of a passive portfolio. The manager does not wish to create capital gains in the mutual fund by frequently buying and selling stocks (B), as this would incur higher transaction costs and taxes, and deviate from the index or benchmark. The manager does not believe he or she can outperform the market with his or her stock picking skills ©, as this would imply an active portfolio management strategy.
References: Investment Funds in Canada (IFC) | Canadian Securities Institute


質問 # 281
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あなたは自分の役職で長年働いてきましたが、昇進していませんか?それとも、新しい社内のコーナーと自分が顕著なようにするために熱望していますか? IFC試験の資料が役立ちます。当社CISIの製品で数日間勉強して練習した後、IFC試験に簡単に合格します。神は自ら助ける者を助く。私たちの教材を選ぶと、あなたのそばに神が見つかるでしょう。あなたがしなければならない唯一のことは、あなたの選択をして、私たちのIFC試験問題を勉強することです。とても簡単ではないですか?だから、今すぐIFC学習Investment Funds in Canada (IFC) Examガイドについてもっと知りましょう!

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