CISI Investment Funds in Canada (IFC) - IFC Exam Practice Test

What risk type is prevalent regardless of the level of portfolio diversification or hedging?

Anthony purchased 500 units of XYZ Fund at a price of $12.00 per unit. Near the end of the year, the mutual fund made a distribution of $1.50 per unit. The net asset value per unit (NAVPU) immediately before the distribution was $16.50. Anthony immediately reinvested his distribution at the new NAVPU. How many new units did Anthony purchase when his distribution was reinvested?

An investor deposits $80,000 in a 10-year, segregated fund contract worth $50,000 at maturity; assuming the contract guarantee is set at 75%, how much will the investor be paid (maturity guarantee)?

Why is it important to include ethical decision-making as a Standard of Conduct?

With respect to the tax treatment of dividends received from a taxable Canadian corporation, which of the following statements is CORRECT?

Sven owns preferred shares that give him the option to sell his holdings back to the issuing company at a predetermined price and within a specified time. What type of preferred shares does Sven own?

The following chart outlines data for various fund managers:

Which manager likely has the highest return for a given level of risk?

What type of GIC would be most appropriate for an investor who believes equity markets will be strong in the next five years?

Which of the following actions by the federal government or the Bank of Canada is an example of monetary policy?