Reference no: EM132050279
1. True – False. ETF’s are less efficient than mutual funds.
2. Which is not a reason for growth of the fund business outside of the US: a. Shrinking middle class b. Increased awareness c. Aging population
3. True/False. Hedge funds are generally not regulated and there is only style of hedge funds
4. Which is not a responsibility of a portfolio accountant:
a. Daily NAV calculation
b. escheatment
c. Project cash availability
5. Which is not a responsibility of a transfer agent:
a. Calculating performance
b. Prospectus compliance
c. Anti-money laundering
6. Please explain the arbitrage process that keeps ETF’s near their NAV?
7. What are the biggest disadvantages of hedge funds:
8. What are the key responsibilities of the transfer agent hired by a fund complex?
9. True – False. ETF’s are generally passive investment vehicles
10. What is forward pricing?
11. What are the responsibilities of the custodian?
12. What is the benefit to the Authorized Participant in the creation/redemption process of ETF’s:
a. Investment management fees.
b. Arbitrage profits.
c. Alpha from investment portfolio.
13. True/False. Currency risk is a key risk in investing overseas.
14. True/False. International expansion for US mutual fund in Australia is easiest because their markets are similar.
15. What is the typical fee structure of a hedge fund? What is carried interest.