CIFC Exam Information and Guideline
Canadian Investment Funds Course (CIFC) 2024
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Economic Indicators:
- Gross Domestic Product (GDP)
- Inflation
- Interest rates
- Unemployment rates
- Consumer Price Index (CPI)
- Producer Price Index (PPI)
- Financial Markets:
- Equity markets
- Bond markets
- Derivatives markets
- Foreign exchange markets
- Canada's Financial System:
- Banks
- Investment dealers
- Insurance companies
- Pension funds
- Regulatory bodies (OSFI, CSA)
- Fixed-Income Securities:
- Bonds
- Debentures
- Treasury bills
- Mortgage-backed securities
- Corporate bonds
- Government bonds
- Equities:
- Common shares
- Preferred shares
- Exchange-Traded Funds (ETFs)
- Derivatives:
- Options
- Futures
- Forwards
- Swaps
- Mutual Fund Basics:
- Structure and operation
- Types of mutual funds (open-ended, closed-ended, index, actively managed)
- Fees and expenses (MER, management fees, trading costs)
- Performance measurement (benchmarking, Sharpe ratio, R-squared)
- Tax implications
- Mutual Fund Regulation:
- Canadian Securities Administrators (CSA)
- National Instrument 81-101
- Prospectus requirements
- Disclosure obligations
- Compliance and ethics
- Client Relationship Management:
- Know Your Client (KYC)
- Risk tolerance assessment
- Investment objectives
- Financial needs and goals
- Suitability:
- Matching investments to client profiles
- Regulatory requirements for suitability
- Due diligence
- Product suitability
- Portfolio suitability
- Sales Practices:
- Disclosure obligations
- Fair dealing
- Best execution
- Conflicts of interest
- Misrepresentation and fraud
- Ethics:
- Professional conduct
- Ethical decision-making
- Industry codes of ethics
- Portfolio Construction:
- Asset allocation
- Diversification
- Rebalancing
- Modern Portfolio Theory (MPT)
- Portfolio Management Strategies:
- Active management
- Passive management
- Value investing
- Growth investing
- Income investing
- Trading:
- Order execution
- Trade settlement
- Market impact costs
- Custody:
- Safekeeping of assets
- Independent review committee
- Accounting and Reporting:
- Financial statements
- Performance reports
- Unit pricing