Mutual Funds Administration UPDATED Exam Questions And CORRECT Answers
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Course
Mutual Funds Administration
Institution
Mutual Funds Administration
Mutual Funds Administration UPDATED
Exam Questions And CORRECT Answers
mutual funds as corporation or trust - CORRECT ANSWER- -separate entity from the
company that manages the fund.
-structured as corporation or as a trust.
mutual fund trust - CORRECT ANSWER- investors in mutual fund trust ...
Mutual Funds Administration UPDATED
Exam Questions And CORRECT Answers
mutual funds as corporation or trust - CORRECT ANSWER- -separate entity from the
company that manages the fund.
-structured as corporation or as a trust.
mutual fund trust - CORRECT ANSWER- investors in mutual fund trust are called
unitholders
-trusts or trustess govern the fund. there is no board of directors
-investors or unit holders typically do not have the authority to appoint
mutual fund corporation - CORRECT ANSWER- -investors are referred as share holders
-board of directors fovern the fund
-board o fidrectors is elected by the shareholders at th efunds annual general meeting
mutual fund complex - CORRECT ANSWER- -series of organiziation and individuals that
are responsible for day- to -day opertions
-investment strategy and selection
-safe keeping of investors assets
-sale and redemption of fund units
Role of the Investment Fund Manager - CORRECT ANSWER- -board of directors or trustess
are responsible for the management of funds investments
-hire seperate investment fund manager rather than hiring staff in house
payment for investment fund managers - CORRECT ANSWER- paid in annual management
fee
portfolio manager - CORRECT ANSWER- -responsible for investment decisions of a fund
-purchasing and selling securities
, -determining mix of assets
-guided by funds investment objective
-generate rate of best return
custodian - CORRECT ANSWER- -safekeeping the cash and securities belonging to the fund
holding the income earned by the fund until it is reinvested or distributed to fund investors
-makes payments and receives monies or securities as directed by the investment fund
management company
custodial functions of a mutual fund - CORRECT ANSWER- by law they must be seperate
from those if the investment fund management company.
National Instrument 81-102 - CORRECT ANSWER- mutual fund custodian must be one of
the following: • a Canadian chartered bank
• a Canadian trust company with shareholder equity of not less than $10 million
• a Canadian chartered bank or Trust company affiliate with shareholder equity of not less
than $10 million, and incorporated under Federal or Provincial law
Role of the Distributor - CORRECT ANSWER- -sales and marketing arm
-actual distribution can be structured in different ways
proprietary or inhouse distrubtion - CORRECT ANSWER- -sell their own mutual funds
-offer complementary products such as insurance or gic
dealing representative - CORRECT ANSWER- associated with mutual fund dealer that has
distrubtion agreements in place with multiple mutual fund companies
-employees or agents of mutual fund dealer
stockbrokers - CORRECT ANSWER- employed by investment dealers
employees of a financial institution - CORRECT ANSWER- banks trust companies, credit
unions or caisses
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