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Exam CIFC Topic 1 Question 190 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 190
Topic #: 1
What is the role of a custodian?

Suggested Answer: A Vote an answer

Explanation
A custodian in mutual fund is a trust company, bank, or similar financial institution that is responsible for holding and safeguarding the securities owned within a mutual fund. The custodian also records and reports all transactions to the fund manager. The custodian does not oversee the general administration, construct and manage the portfolio, or calculate the NAVPU of the mutual fund. These are the roles of other entities such as the fund administrator, the fund manager, and the fund accountant.
References = Canadian Investment Funds Course (CIFC) - Module 2: Investment Products - Section 2.2:
Mutual Funds1 and web search results from search_web(query="role of a custodian in mutual funds")23
1: https://www.ifse.ca/wp-content/uploads/2021/08/CIFC-Module-2.pdf

by Murphy at Jun 20, 2024, 06:55 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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