Which ONE of the following statements is INCORRECT regarding investment-linked insurance policies
Rightful Return Investors, an investment fund, is finding it difficult to find a buyer for a holding in a pharmaceutical company. What type of risk is being displayed?
Which entities are governed by the Hong Kong Monetary Authority (HKMA)?
What effect would a cut in US interest rates have on Hong Kong interest rates?
Ivan investor is happy to take some risk but is keen that his capital is protected. His investment advisor considers Ivan neither conservative nor aggressive. How would the advisor categorise Ivan?
Which ONE of the following money market instruments typically has the highest rate of return?
Rencoe Ltd has 200,000 shares in issue. The share price before the rights issue is HKD10. A 1 for 5 rights issue is announced at a subscription price of HKD8. What will the theoretical share price move to after the rights issue?
Booker Industries has just paid a dividend of $11. If the dividend is expected to grow at 3% per year for the foreseeable future, and investors require a 15% rate of return, what is the stock’s expected price?
Which of the following are permitted to act as a trustee/custodian of an investment fund?
- A bank licensed under the Banking Ordinance
- A trust company which is a subsidiary of a licensed bank
- A trust company registered under the Trustee Ordinance
- A bank or trust company incorporated outside Hong Kong which is acceptable to the SFC
The following applies to a single premium investment-linked life insurance policy:
Single premium = HKD100,000
NAV per unit of investment fund = HK$24
Bid-offer spread = 5%
How many units can be purchased?
What does the unprofessional practice of Rebating refer to?