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Exam ICWIM Topic 1 Question 99 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 99
Topic #: 1
Which type of fund makes a single daily transaction?

Suggested Answer: A Vote an answer

Mutual funds (also known as open-ended investment funds) transact once per day, at the fund's Net Asset Value (NAV).
* Why is Option A Correct?
* Mutual funds pool investor money and invest in a diversified portfolio.
* Investors buy or sell shares at the NAV, which is calculated at the end of each trading day.
* Why Not Other Options?
* B (Investment trust) # A closed-ended fund that trades like a stock throughout the day.
* C (Split capital trust) # A type of investment trust, which trades on the stock exchange.
* D (Closed-ended fund) # Also trades on an exchange with prices determined by supply and demand.
# Reference: FCA Handbook (Fund Structures), CISI Wealth & Investment Management.

by Rebecca at Oct 02, 2025, 01:37 AM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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