Ifse cifc unit 3 Study guides, Class notes & Summaries

IFSE - CIFC - Unit 2 Latest Update Graded A Ethical Conduct Adheres to approved standards CCO (Chief Compliance Officer) Responsible for establishing and maintaining compliance policies and procedures as well as monitoring and assessing compliance. Must submit an annual report to the board of directors detailing the compliance assessment. CRM (Client Relationship Model) - Relationship disclosure - Client communications - Client reporting Relationship Disclosure (NI 31-103) Requires mutual fun...

IFSE - CIFC - Unit 3

IFSE - CIFC - Unit 5 exam with verified answers Mutual Funds -Correct Answer-Investments that hold a collection of different securities such as equities and bonds. Holdings -Correct Answer-Collectively, the securities in a mutual fund The 3 main investment objectives -Correct Answer-1. Safety of Principal 2. Income 3. Growth Safety of Principal -Correct Answer-Strive to protect investors from losing any of their original investment. Investors expect to get back at a minimum the amoun...

IFSE - CIFC - Unit 3

IFSE - CIFC - Unit 6 exam solved 100% Where and when was the first mutual fund created? -Correct Answer-Netherlands late 1700s After the Netherlands, to which countries did mutual funds spread? -Correct Answer-England, France, USA (1800s) When was the first open-end mutual fund created in the USA? -Correct Answer-1924 When was the first Canadian mutual fund established (CI Canadian Investment Fund)? -Correct Answer-1932 Which years in mutual fund history had huge economic downturns?...

IFSE - CIFC - Unit 4 exam solved 100% 3 Common Economic Indicators -Correct Answer-1. Gross Domestic Product (GDP) 2. Inflation Rate 3. Unemployment Rate Gross Domestic Product (GDP) -Correct Answer-A measure of the total market value of all the final goods and services produced in the economy in a year. Measured in dollars. Consumer Price Index (CPI) -Correct Answer-a measure of the overall cost of about 600 goods and services bought by a typical consumer. Calculated in relation to a b...

IFSE – CIFC Unit 7 Questions and Answers 100% Correct If a fund has a beta of 2, what is the expected outcome for the fund? It should outperform the market by 100%. What effect will a mutual fund distribution have on its price? The price per unit will decrease in value equivalent to the distribution. What type of analysis looks for insight into a company from their financial statements? fundamental -Fundamental analysis focuses on looking at the fundamentals of a company such as revenues, a...

IFSE - CIFC - Unit 1 Questions and Answers 100% Pass National Instruments are developed through? CSA With which organization must mutual fund dealers (outside of Quebec) register? MFDA Which organization operates the Investor Protection Corporation (IPC)? MFDA Registration Requirements and Exemptions provides the harmonized registration rules for the registration of firms and individuals with the provincial or territorial securities commissions NI 31-103 Mutual Fund Prospectus Disclosure ens...

IFSE - CIFC - Unit 2 exam questions with correct answers Ethical Conduct -Correct Answer-Adheres to approved standards CCO (Chief Compliance Officer) -Correct Answer-Responsible for establishing and maintaining compliance policies and procedures as well as monitoring and assessing compliance. Must submit an annual report to the board of directors detailing the compliance assessment. CRM (Client Relationship Model) -Correct Answer-- Relationship disclosure - Client communications - Clie...

IFSE - CIFC - Unit 10 Latest Update Rated A Payroll taxes are paid to support: 1. Federal spending on employment insurance and the CPP benefit programs 2. Provincial spending on worker's compensation benefits for injured workers Marginal tax rate - represents the amount of tax an individual pays on their dollar of income Average tax rate - represents how much tax is payable as a percentage of income Alberta income tax rate - flat tax of 10% is applied to all taxable income Tax deduction - l...