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Exam CIFC Topic 1 Question 156 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 156
Topic #: 1
Which of the following statements is true when comparing fund of funds to traditional mutual funds?

Suggested Answer: A Vote an answer

Explanation
A fund of funds is a mutual fund that invests in other mutual funds. This means that there are two levels of management fees: one for the fund of funds itself and one for the underlying funds. Therefore, fund of funds have higher fees than traditional mutual funds that invest directly in securities. References: Canadian Investment Funds Course (CIFC) | IFSE Institute, Unit 6, Lesson 2

by Brady at May 20, 2024, 02:04 PM

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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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