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ADMS 4502 Midterm > Lecture 3 > Flashcards

Lecture 3 Flashcards

1
Q

What is Standard 1 for the CFA Standards of Practice

A

Professionalism

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2
Q

What is Standard 1(A)?

A

Knowledge of the Law

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3
Q

What is IFIC

A

Investment Funds Institute of Canada

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4
Q

What is MFDA

A

Mutual Funds Dealer Association

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5
Q

What is IIROC

A

Investment Industry Regulatory Organization of Canada

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6
Q

What act deals with privacy?

A

PIPEDA

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7
Q

What act deals with insider trading?

A

Criminal code

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8
Q

What act deals with shareholders rights?

A

Canadian Business Act

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9
Q

What act deals with money laundering?

A

Terrorist Financing Act

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10
Q

What act deals with M&A

A

Income Tax Act, Competition Act and Investment Canada Act

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11
Q

What did IIROC and MFDA merge into?

A

CIRO –> Canadian Investment Regulatory Organization

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12
Q

What does Knowledge of the Law mean?

A

Stay informed and up to date and review company procedures

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13
Q

What is Standard 1(B)?

A

Independence and Objectivity

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14
Q

What does independence and objectivity mean?

A

Independence is the freedom from conditions that threaten the ability of an analyst to do their job

Objectivity is unbiased mental attitude that an analyst has

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15
Q

What is Standard 1(C)?

A

Misrepresentation

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16
Q

What does misrepresentation mean?

A

Act of dishonesty which results in a loss of integrity

17
Q

What is Standard 1(D)?

A

Misconduct

18
Q

What is misconduct?

A

Engaging in any conduct involving dishonesty, fraud, or deceit

19
Q

What is GIPS?

A

Global Investment Performance Standards

20
Q

Window Dressing

A

Mutual funds investing in stocks that have done well during the end of the quarter so managers pick “winners”

21
Q

Style Drift

A

Managers picking securities that move away from the original investment style/strategy

22
Q

Style Boxes

A

Allows equity investors to capture a size and value growth continuum for equity investments

23
Q

Cherry-pick

A

Selection process that selects the best accounts in creating the fund’s composite performance

24
Q

Leverage

A

Borrowing cash to increase portfolio

ADMS 4502 Midterm (5 decks)

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