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IFC Chapter 14 - Understanding Mutual Fund Performance questions with answers.
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IFC Chapter 14 - Understanding Mutual Fund Performance questions with answers.

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  • September 27, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ifc chapter 14 understanding mutual fund perform

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  • CIMP - Certificate in Investment Performance Measurement
  • CIMP - Certificate in Investment Performance Measurement

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IFC Chapter 14 - Understanding Mutual
Fund Performance questions with
answers.

How to calculate the return on a mutual fund? ANS -(NAVPS end - NAVPS beg)/NAVPS beg



What is the Sharpe ratio and what does it measure? ANS -The sharpe ratio compares the excess return
of the portfolio to the portfolio's standard deviation, therefore taking the portfolio's risk into account.



How do you calculate the sharpe ratio? ANS -[Return on the portfolio - Risk-free rate (the average of
the three month treasury bill rate over the period being measured)]/the standard deviation



What types of results best measure management's ability to manage a portfolio in all phases of business
cycles? ANS -long term



Performance assessment can be measured in two ways. What are they? ANS -Using Benchmark indices
and comparison universes



Benchmark indices are indices that reflect a mutual fund's investment _________________ and can be
used as standards against which ___________________ can be measured ANS -universe; performance



All mutual funds have a benchmark index. What are some Canadian examples? ANS -S&P/TSX
Composite for Canadian equity funds



S&P/TSX 60 for Canadian large-cap equity funds



S&P 500 for U.S. equity funds



MSCI EAFE Index for non-north american equity funds

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