CIFC PDF FORMAT & CIFC CERTIFICATION EXAM INFOR

CIFC Pdf Format & CIFC Certification Exam Infor

CIFC Pdf Format & CIFC Certification Exam Infor

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Tags: CIFC Pdf Format, CIFC Certification Exam Infor, CIFC Practice Test Pdf, Exam CIFC Pass Guide, CIFC Accurate Study Material

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IFSE Institute CIFC Exam Syllabus Topics:

TopicDetails
Topic 1
  • Types of Mutual Funds: This section of the exam measures the skills of fund sales representatives and covers the structure, benefits, and objectives of different mutual fund categories. It includes equity, fixed income, balanced, index, and specialty funds.
Topic 2
  • Suitability: This section of the exam measures the skills of financial planners and covers how to determine whether an investment product matches a client's profile. It focuses on risk tolerance, time horizon, and financial goals when offering investment choices.
Topic 3
  • Mutual Funds Administration: This section of the exam measures the skills of operations specialists and covers the processes that support the day-to-day functioning of mutual funds. It includes trading, recordkeeping, pricing, and compliance reporting.
Topic 4
  • Types of Investments: This section of the exam measures the skills of wealth managers and covers the features, risks, and benefits of various investment products. It ensures understanding of stocks, bonds, ETFs, GICs, and other instruments typically included in diversified portfolios.
Topic 5
  • Regulatory Environment: This section of the exam measures the skills of compliance officers and covers the key laws, rules, and regulatory bodies that oversee the mutual fund industry. It ensures professionals understand the legal framework in which firms and representatives operate.
Topic 6
  • Retirement: This section of the exam measures the skills of retirement planners and covers the investment planning strategies and account types used to prepare for retirement. It includes registered plans, income needs, and withdrawal planning.
Topic 7
  • Portfolio Management This section of the exam measures the skills of portfolio advisors and covers the principles behind building and managing a diversified investment portfolio. It focuses on asset allocation, diversification strategies, and rebalancing techniques.
Topic 8
  • Making Recommendations & Case Study: This section of the exam measures the skills of client advisors and covers the practical application of investment knowledge through real-world client scenarios. It involves synthesizing client information to make suitable investment recommendations.
Topic 9
  • Registrant Responsibilities: This section of the exam measures the skills of investment advisors and covers the obligations and ethical duties that come with being a registered professional. It includes understanding know-your-client procedures, disclosure rules, and the importance of acting in clients’ best interests.
Topic 10
  • Economic Factors and Financial Markets: This section of the exam measures the skills of market analysts and covers the basic economic principles and financial market structures that impact investment performance. It includes interest rates, inflation, and economic cycles as they relate to investment decision-making.

>> CIFC Pdf Format <<

CIFC Certification Exam Infor, CIFC Practice Test Pdf

The main benefit of IFSE Institute CIFC exam dumps in hand experience in technical subjects is that you shall know its core points. You don't have to just note the points and try remembering each. You shall know the step-wise process of how you can execute a procedure and not skip any CIFC point. Experience gives you a clear insight into everything you study for your IFSE Institute certification exam. So, when you get the Canadian Investment Funds Course Exam CIFC exam dumps for the exam, make sure that you get in hand experience with all the technical concepts.

IFSE Institute Canadian Investment Funds Course Exam Sample Questions (Q167-Q172):

NEW QUESTION # 167
Sean purchases 500 units of Penn Canadian Equity Fund when the net asset value per unit (NAVPU) is
$16.70. On December 15, the mutual fund's NAVPU is $21. On December 16, the mutual fund declares a distribution of $1.25 per unit. Sean's distribution is immediately reinvested and he purchases additional units of the mutual fund.
Which of the following statements about the effect of the distribution is correct?

  • A. After the distribution. Sean will have J&625 in cash and JB8.350 worth of the Penn Canadian Equity Fund.
  • B. The NAVPU of the mutual fund does not change after the distribution since Sean reinvests his distribution and purchases additional units.
  • C. The total value of Sean's mutual fund holdings after the distribution and reinvestment is $9,875.
  • D. Sean's distribution is reinvested at a NAVPU of $19.75 and he receives approximately 31.65 additional units.

Answer: D

Explanation:
Explanation
Sean's distribution is reinvested at a NAVPU of $19.75 and he receives approximately 31.65 additional units.
When a mutual fund declares a distribution, it reduces its NAVPU by the amount of the distribution per unit.
In this case, the NAVPU drops from $21 to $19.75 after the distribution of $1.25 per unit. Sean's distribution is $625 ($1.25 x 500 units), which he reinvests in the mutual fund at the new NAVPU of $19.75. He receives

additional units. The total value of Sean's mutual fund holdings after the distribution and reinvestment is (500+31.65)*19.75=$10,500
, not $9,875. The NAVPU of the mutual fund does change after the distribution, regardless of whether Sean reinvests his distribution or not. References: [Unit 7: Mutual Funds Administration]


NEW QUESTION # 168
One of your clients, Rakesh, had a portfolio composed of 60% ABC Equity Fund and 40% ABC Bond Fund.
Since equities were performing much better than fixed income, he had increased his holdings in ABC Equity Fund to 70% and had reduced his holding in ABC Bond Fund to 30% of his portfolio.
After benefitting the growth in his ABC Equity Fund for over 2 years, Rakesh is uncomfortable with this heavy exposure to equity funds and decides to rebalance his portfolio back to 60% of ABC Equity Fund and
40% of ABC Bond Fund.
He instructs you to switch 10% of the portfolio from the ABC Equity Fund to the ABC Bond Fund.
Which of the following statements is CORRECT?

  • A. Rakesh will not be subjected to a switch fee if his original units were purchased with a sales charge.
  • B. Rakesh will not be subjected to a switch fee if his equity fund is a no-load fund.
  • C. Rakesh will not be subjected to a switch fee if his equity fund is a low-load fund.
  • D. Rakesh will not be subjected to a switch fee if it is outlined in the prospectus.

Answer: D

Explanation:
Explanation
Rakesh will not be subjected to a switch fee if it is outlined in the prospectus. A switch fee is a charge that may apply when an investor switches from one fund to another within the same fund family. The prospectus is the legal document that provides information about the fund, including its fees and charges. If the prospectus states that there is no switch fee or that there are certain conditions under which the switch fee is waived, then Rakesh will not have to pay a switch fee. The type of fund (no-load, low-load, or sales charge) does not determine whether there is a switch fee or not, as different fund families may have different policies regarding switch fees. References: Mutual Fund Fees, Prospectus


NEW QUESTION # 169
Which among the following BEST describes a company's income statement?

  • A. It shows the amount of profit that is reinvested in the company in the form of retained earnings.
  • B. It shows the amount of capital contributed to the company by its shareholders or owners.
  • C. It shows the earnings and expenses of a business over a period of time.
  • D. It provides a snapshot of a company's financial position at a specific point in time

Answer: C


NEW QUESTION # 170
When you buy a put option, which of the following is TRUE?

  • A. You have the obligation to sell a set number of shares at a set price.
  • B. You have the right to purchase a set number of shares at a set price.
  • C. You have the right to sell a set number of shares at a set price.
  • D. You have the obligation to buy a set number of shares at a set price.

Answer: C

Explanation:
Explanation
A put option is a contract that gives the buyer the right, but not the obligation, to sell a set number of shares of an underlying asset at a set price within a specified time frame. The buyer of a put option expects the price of the underlying asset to fall below the strike price before the expiration date. Therefore, A is the correct answer.
References: Put Option: What It Is, How It Works, and How to Trade Them, Put: What It Is and How It Works in Investing, With Examples, Put Options: Definition, Overview, and Example


NEW QUESTION # 171
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?

  • A. DEF European Equity Fund.
  • B. Invest equally in all 3 funds.
  • C. LMN Asia Pacific Equity Fund.
  • D. ABC Global Equity Fund.

Answer: B

Explanation:
Explanation
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


NEW QUESTION # 172
......

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