최신 CIFC 무료덤프 - IFSE Institute Canadian Investment Funds Course

A. She can purchase a registered term or life annuity.

B. She can convert her RRSP to a locked-in retirement income fund (LRIF).

C. She can take the entire amount in cash, with no tax consequences because her RRSP funds were tax-sheltered.

D. She can convert her RRSP to a registered retirement income fund (RRIF) this year or by December 31st of next year.

A. Greg must not discuss the investment performance, rankings, or ratings of a fund in his communication.

B. Greg's messages must be approved by his dealer before he can publish or issue the communication.

C. Posting messages to Facebook is prohibited by Canada's Anti-Spam Law (CASL).

D. Posting a sales communication to a website is prohibited by the Personal Information Protection and Electronic Documents Act (PIPEDA).

A. Kiri recommends the Conservative Bond Fund to his client, Myrtle. The fund generates income and Myrtle's investment objective is "income" on her Know Your Client (KYC) form.

B. Roderik determines that the model portfolio he has developed will be suitable for all of his clients. Roderik has included investments with both income and growth to appeal to all investors.

C. Li Ming recommends the Venturex Labour-Sponsored Fund to her client, Park. While Park has low tolerance and capacity for risk, Li Ming provides detailed disclosure which explains the fund's risks.

D. Clarence determines that the Absolute Alternative Fund is suitable for all of his clients. Clarence believes that all investors need alternative funds in order to be properly diversified.

A. Cametra asks to meet with her client, Pietro, to update his Know Your Client (KYC) information. They have not had a face-to-face meeting in years. Pietro feels updating the KYC information is unnecessary.
He tells Cametra he is too busy and there is no reason for her to be concerned with the information she already has. Even though they fail to meet, Cametra continues to submit purchase orders at his request.

B. Gibson reviews two similar mutual funds for his client. One fund pays higher trailer fees than the other.
Gibson discloses the difference between the trailer fees before recommending the fund that has higher trailer fees.

C. Keaira recommends a growth fund to her client, Shilo, but her Compliance Department questions the trade because Shilo's risk profile is too low. Rather than cancel the trade and absorb the market losses herself, Keaira recommends that Shilo keep the investment even though it is not in her best interest.
Keaira updates Shilo's KYC to "high" risk and gets Shilo to sign the KYC update form.

D. Oscar wants to recommend a fund to his client which has a higher management expense ratio (MER) than other mutual funds. Since the MER could impact the client's decision, Oscar reports the conflict of interest to his dealer and discloses the conflict of interest to his client. Oscar explains how the higher MER is in the client's best interest because the overall cost for the client will still be less than a fee-for-service account holding mutual funds with a lower MER.

A. Current yield reflects the income earned on a money market fund for the most recent 14 day period.

B. Effective yield will always be lower than current yield.

C. Performance is displayed with both current yield and effective yield.

D. Current yield incorporates the compounding effect.

A. ETFs do not have management fees since they are exchange traded while index funds do incur such fees.

B. While ETFs are prone to tracking errors, index funds are perfectly aligned with their underlying index.

C. The market price of ETFs always matches the underlying basket of securities while there can be a discrepancy in pricing index funds.

D. ETFs can be purchased continuously throughout the trading day while index funds can only be bought or sold at the end of the day.

A. It may not be more than the RRSP contribution limit for the year in which it is carried forward.

B. It may not be carried forward.

C. It can be carried forward a maximum of seven years.

D. It can be carried forward to future years.

A. Mariana has to wait two business after her purchase order has been settled to exercise the right of withdrawal.

B. The Canadian Securities Administrators (CSA) created legislation that addresses the right of withdrawal for investors.

C. The right of withdrawal for investors can be different depending on which province (or territory) the fund was purchased within.

D. The Mutual Fund Dealers Association of Canada (MFDA) have written conduct rules regarding the right of withdrawal.

A. Registered Representative

B. Chartered Financial Analyst

C. Dealing Representative

D. Investment Representative

A. money market fund

B. Canadian equity index fund

C. mortgage fund

D. global equity fund

A. The dealer will closely monitor her sales activities to ensure any clients from the charity are not getting a discount on potential fees.

B. The regulator will limit her from providing financial services to anyone associated with the charity.

C. Reagan is not required to inform her dealer of this outside activity if none of her colleagues from the charity become clients.

D. Holding both positions at the same time is a violation of securities industry rules and regulations .

A. specialty fund

B. labour-sponsored investment fund

C. commodity pool

D. global equity fund

A. Implement the Plan

B. Monitor and Update

C. Identify Strategies and Present the Plan

D. Clarify Client Status, Problems and Opportunities

A. employee's business address

B. employee's name

C. employee's business telephone number

D. employee's credit record

A. Quintin cannot accept purchase orders from a client until Lupita completes her review of the NCAF.

B. Lupita has two business days from the date of opening the new account to approve the NCAF completed by Quintin.

C. Unless Quintin is presently under probation, he does not need Lupita's approval regarding the NCAF.

D. Quintin and Lupita are both following proper procedure regarding new account openings and purchase orders.

A. The market price of an ETF must match its net asset value (NAV), whereas there can be discrepancy in the pricing of index funds.

B. Both types of funds are closed-end investments that are required to hold the same securities as the index at all times.

C. Both types of funds attempt to replicate the return of a specific market index, but their returns may not perfectly match the index.

D. Index funds use an active investment management style, whereas ETFs use a passive investment management style.