ICWIM International Certificate in Wealth & Investment Management Exam Free Dumps

dumps2025-01-16T11:34:57+08:00

ICWIM International Certificate in Wealth & Investment Management exam contains 100 multiple-choice questions, and you have two hours to complete all the questions. The required passing score for ICWIM exam is 70%. The International Certificate in Wealth & Investment Management ICWIM exam can be taken remotely or at one of our Computer Based Testing (CBT) centres. We provide the latest International Certificate in Wealth & Investment Management ICWIM exam dumps, which can ensure you pass the test easily. Free International Certificate in Wealth & Investment Management ICWIM exam dumps are available below.

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1. Once a company reaches the point known as the minimum efficient scale, the "theory of the firm" suggests that the company should:

Halt its output expansion

Accelerate its output expansion

Increase its unit price

Decrease its unit price

2. A business may need key person protection because:

The business relies on the input of an individual

It is a very small business

It is to cover a very significant customer

Its profits are very seasonal

3. How would an active fund manager seek to avoid underperforming their peer group when deciding on asset allocation?

Through the use of asset allocation by consensus

By assessing the prospects for each main asset class

By hedging currency and market risk

Through the use of quantitative models

4. A rise in living standards will tend to:

Reduce the demand for commodities

Have no effect on commodities

Increase government participation in the commodities markets

Create an increased demand for commodities

5. It is a regulatory requirement for financial advisers to explain any potential additional obligations for clients making a transaction in:

Bonds

Commodities

Derivatives

Equities

6. The management of investment portfolios of collective investment schemes, pension funds, insurance funds, hedge funds, and private equity would normally be considered to fall into the scope of:

A. The retail financial sector

B. The wholesale financial sector

C. Family offices

D. Private banking

7. If two sets of data have a correlation coefficient of 1.0, they possess:

No correlation

Weak correlation

Perfect negative correlation

Perfect positive correlation

8. Which of the following underlies the pillars of risk tolerance?

Psychological traits

Sociological traits

Education

Experience

9. An investor deposits £1,000 into an account that pays interest at the rate of 3% per year.

If the interest is credited to the account at the end of the year and the investor leaves the money in the account for 5 years, how much money will be in the account at the end of the fifth year?

£1,150.00

£1,157.63

£1,159.27

£1,276.28

10. Why might an expansionary fiscal policy lead to future inflationary pressures?

It causes higher interest rates

Workers demanding higher wages

Due to a significant fall in private sector investment

Due to the effect of time lag

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11. The Arbitrage Pricing Theory (APT) seeks to determine what factors influence security price movements using:

Mean variance analysis

Beta testing

Technical analysis

Regression analysis

12. "An approach which applies a theoretical price to a company’s shares by discounting the company’s expected future cash flow into infinity." This statement is describing the:

A. Net asset value

B. Market value added

C. Dividend valuation model

D. Economic value added

13. Offshore foundations are often used as a suitable alternative to which similar type of arrangement?

Limited liability partnerships

Credit unions

Trusts

SICAVs

14. Stablecoins are less prone to price fluctuations because:

They do not use blockchain technology

Their price is in US Dollars

Their value is pegged to underlying assets

They are highly illiquid

15. Which of the following elements would be included in a recommendation report to a client?

Previous arrangements

Restrictions

Cost of living

Rate of inflation

16. An economy with two consecutive quarters of negative growth is considered to be in what phase of an economic cycle?

Recession

Slump

Depression

Inflationary

17. When investors wish to sell units in mutual funds, there is a risk of the fund being gated.

Why might this happen?

To ensure any tax deferral benefits are not lost

To ensure that the commission as a proportion of the fund remains small

Because the investor has not held the units past the 'lock-in’ period

To allow fund managers to raise enough funds to pay out to those wishing to sell their units

18. When creating a portfolio for a risk-averse client, why would you select stocks with a beta of less than one?

So that the portfolio is easier to understand

So that the portfolio moves in line with the market

In order to produce a low-volatility portfolio

To produce a high-volatility portfolio

19. Which type of investment is associated with providing finance to growing companies with the objective of exiting via a profitable stock market listing?

Convertible bonds

Preference shares

Private equity

Structured products

20. The coupon on a bond has been expressed in real terms, rather than as a nominal amount.

This is because:

It is an inflation-linked bond

Its redemption date is longer than 10 years

It is an unsecured instrument

It is a bearer bond

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21. Once an offshore foundation is established, who will normally be responsible for making ongoing decisions regarding the operational use of the foundation's assets?

A. The board of directors

B. The trustees

C. The council

D. The beneficiaries

22. Which index tracking method requires a swap agreement?

Full replication

Stratified Sampling

Synthetic Replication

Optimisation

23. The UCITS regulations have been integral to introducing a common format for:

Company accounts

Corporate actions

Key investor information documents

Trade settlement

24. Personal accident policies will pay out:

Once the insured has been seen by a doctor

On the day of the accident

Following a waiting period

Once the insurance company has received the medical documentation

25. Why would a composite benchmark be needed to measure portfolio performance?

It makes it easier for the fund manager

Because the portfolio spans several asset classes

Because the portfolio forms part of the investment universe

To lower the tracking error

26. What term describes the process that enables savings institutions to transform into banks?

Demutualisation

Peer-to-peer

Refinancing

Swap

27. The concept of the Sharpe ratio is to measure the:

A. Amount of performance attributable to a benchmark

B. Return above a risk-free rate

C. Effect the annual charge has on fund performance

D. Ability of the fund manager in different scenarios

ICWIM International Certificate in Wealth & Investment Management Exam Free Dumps

ICWIM International Certificate in Wealth & Investment Management Exam Free Dumps

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