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Exam CIFC Topic 1 Question 52 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 52
Topic #: 1
You have been researching Canadian equity mutual funds for a new client. You come across the following information.

What can you conclude from this information?

Suggested Answer: D Vote an answer

Explanation
The management expense ratio (MER) is the percentage of a fund's assets that is paid to the fund manager for operating and managing the fund. A higher MER means that more of the fund's returns are eaten up by fees, leaving less for the investors. Therefore, Fontaine Equity Fund's higher MER of 2.99% contributes to its lower
5-year annualized return of 11.25%, compared to Chamberlain Equity Fund's MER of 2.57% and 5-year annualized return of 13.42%. Therefore, D is the correct answer. References: Canadian Investment Funds Course (CIFC) | IFSE Institute, Management Expense Ratio (MER): Definition and How It Works - Investopedia

by Meredith at Dec 08, 2024, 10:13 AM

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