Professional Documents
Culture Documents
6. The Net Asset Value of the fund is computed daily. This is to assess .....
A. 30th November 1994 A. The performance of other unit trust funds
B. 30th November 1995 B. The agent's commissions
C. 30th November 1996 C. The number of units in circulation
D. 30th November 1997 D. The real value of the assets of the scheme
2. Which of the following are the roles of the trustee? 7. Puan Wan has decided to withdraw of her savings to invest in unit trust. She would like to
I. To appoint an approved company auditor for the fund invest all of her money in a fund at one time and let it grow irrespective of the market
II. To calculate the trustee fee of the scheme condition. Whereas for Puan Anita, she has very little savings but every month she is
III. To ensure the proper accounts and financial records and reports are kept by the willing to cut down some of her expenses and put in the unit trust investment. Name the
management company respective ways, which they used to invest in the unit trust?
IV. To ensure that all the terms of the Trust Deed are followed A. Spot and Installment Plans
A. I, II, IV B. Lump Sum Investment and Regular Savings Plans
B. I, III, IV C. Lump Sum Investment and Contractual Plans
C. II, III, IV D. Fixed Investment and Installment Plans
D. All of the above
8. Which of the following statement is not valid?
3. All assets of a unit trust scheme are held in the name of the ______________ for A. The valuation and the determination of the selling and repurchase prices for units
safekeeping. must be carried out at least once each business day.
A. Investment Committee B. The management company must publish the selling price, repurchase price and net
B. Unitholder asset value per unit of the scheme daily in at least one National Bahasa Malaysia and
C. Trustee one National English Newspaper.
D. Fund Management Company C. The valuation and the determination of the selling and repurchase prices for units
are done by the trustee and must immediately notify the management company.
4. Which of the following are the expenses of a unit trust scheme? D. The period of the initial offer must not exceed 21 days.
I. management fees and trustee fee
II. Auditor fees 9. One of the unit trust features is ...
III. Cost of sending reports to unitholders A. When the interest rates increases, the return from unit trust funds will also increase
IV. Cost of issuing dividend warrant B. The unitholders do not have to look for buyers when they want to liquidate their
A. I, II, III investment as the fund manager must repurchase from its untitholders.
B. I, II, IV C. Lump sum investing is generally less risky than dollar cost averaging method of
C. I, III, IV investing.
D. All of the above D. An index fund serves as a benchmark for all the unit trust funds.
5. A unit trust fund declared a gross dividend of 12 sen per unit. The NAV on cum-dividend 10. Please calculate the MER for the period of 1 January 199X to 31 December 199X, the
is RM 240,000,000 and units in issue cum dividend are 200,000,000 units. What will be expenses incurred by the Fund were :-
the NAV per unit ex-dividend? Management fee : RM 35,000
A. RM 1.13 Trustee fee : RM 8,000
B. RM 1.08 Auditor fee : RM 2,000
C. RM 2.28 Bank charges & others : RM 5,000
D. RM 1.44 The average fund size is RM 10,000,000
A. 0.5% B. 1% C. 1.3% D. 2%
35. With regard to the sale of unit trust schemes .... 41. Which of the following are the reasons for providing regular fund financial report to
A. The investors must contribute to the capital of the management company before unitholder?
investing in the unit trust scheme I. To keep the unitholders informed
B. The management company must first engage an agency force before a scheme can II. It is statutory obligation
be established III. For the purpose of declaring the dividend
C. The management company must first obtain an approval from the Securities IV. To increase the MER of the fund
Commission before it can operate in the public domain A. I, II
D. The fund manager must first gather sufficient number of investors before a new B. II, III
scheme can be launched C. I, II, III
D. All of the above
36. What is NAV per unit?
A. It is the total value of the investment after deducting the service charge 42. The Malaysian Unit Trust Fund performance table compiled by Micropal highlights a few
B. It is the ratio of the investment in fixed-income securities area of concern which include :
C. It is the net asset value of the investment divided by the number of units in issue I. Rate of return over time
D. Total units held by the scheme multiply with the repurchase price II. Ranking
III. NAV
37. The composition of the net asset value of a unit trust scheme consists of the following :- IV. Selling & repurchase price
A. The cost pf advertisement published in newspaper, TV, radio, etc A. I, II
B. The assets and the liability of the management company B. I, III
C. The value of the equity investment, money market investment, uninvested cash, the C. II, III
cost in respect of the portfolio investment after deducting the management fee, trustee D. All of the above
fee and other administration expenses
D. All of the above 43. A client has RM 100,000 and how long would it take to double his money at an assumed
investment earning rate 12 % per annum?
38. Which of the following statement is not valid? A. 5 years B. 6 years
A. Dollar cost-averaging principle should be used over a long-term period in order to C. 7 years D. 8 years
maximize its benefits
47. The fund managers, who manage the unit trusts, purchase a wide range of investment 55. The unit trust loan financing Risk Disclosure Statement clearly outlines the risks involved
because in the loan financing plan with the following information, except ....
A. The wider the spread of investments, the less volatile the investment return will A. The issue of margin calls or “top up” of loan
B. The risk of investment will be reduced to zero as a result of diversification B. The margin of financing
C. The chances of selecting good performance stocks will increase C. Returns for the unit trusts are guaranteed in the up market
D. A & C D. The service of loan repayment
48. The operation of the Trust is governed by a legal document called the ... 56. In the unit trust loan financing, what is the rate of interest charged by the financier?
A. Prospectus B. Trust Deed A. Based Lending Rate (BLR) + manager's selling price
C. Annual Report D. Interim Report B. Based Lending Rate (BLR) + financier's marked-up margin
C. Manager's selling price + financier's marked-up margin
49. The manager of a unit trust fund has the following responsibilities, except .... D. Manager's selling price only
A. Owns all of the assets of the trust B. Day to day management of the assets
C. The distribution of income D. The calculation of unit prices 57. The rights of an unitholders include .....
A. Cooling-off period of six working or business days
50. Which of the following is also called closed-ended fund? B. To make queries including making complaints to the UTMC
A. Islamic unit trusts B. Fixed income unit trusts C. Right to receive distribution of income
C. Property unit trusts D. State unit trusts D. All of the above
51. The objective of these unit trusts funds is to provide regular income with less emphasis on
capital growth
65. In order to maintain honesty, dignity and integrity, a registered person at all times must not
misrepresent or recklessly represent ....
77. Which of the following is not true concerning the cooling-off period?
A. the said period is 6 business days from the purchase and during the said period,