Fund Admin

What does John decide to invest in after meeting with his banker?

• Individual stocks in various companies.
• Units of a mutual fund.
• Real estate properties
• Government bonds.

What does the video describe as a "mutual fund"?

• A portfolio held by a single investor.
• A savings product with partial ownership shared by multiple investors.
• A type of stock traded on financial markets.
• A government-regulated investment scheme.

Who manages the portfolio of a mutual fund?

• Individual investors
• The bank where the investor holds an account
• A government agency
• A professional fund manager

What does John do to invest in the new auto sector equity fund?

• He opens a savings account.
• He purchases individual stocks in the automotive sector.
• He signs a subscription form with the fund management company.
• He meets with a financial advisor to discuss investment options.

What is the role of "CACEIS" in the fund administration process?

• Entering transactions into accounting records for the fund.
• Buying units of the mutual fund from investors.
• Providing investment advice to fund managers.
• Managing the financial assets of individual investors.

What does the "net asset value" (NAV) of a fund unit represent?

• The total value of the fund's assets minus liabilities.
• The value of one unit of the fund.
• The percentage of ownership a shareholder has in the fund.
• The average price of the fund's units on the financial markets.

What are the primary responsibilities of the fund accounting department?

• Managing investor subscriptions and redemptions.
• Calculating the net asset value (NAV) of the fund.
• Buying and selling securities on financial markets.
• Providing investment advice to clients.

How does the unitholder keeper department handle investor subscriptions and redemptions?

• They calculate the fund's net asset value (NAV).
• They make investment decisions on behalf of investors.
• They provide financial reports to the fund manager
• They process requests to buy or sell units in the fund.

In the context of fund accounting, what is the difference between assets and liabilities?

• Assets represent investments held by the fund, and liabilities represent expenses and debts owed by the fund.
• Assets and liabilities have the same meaning in fund accounting.
• Assets represent money owed to investors, and liabilities represent investments held by the fund.
• Assets represent individual investors' holdings, and liabilities represent institutional investors' holdings.

Why is attention to detail crucial for fund accountants?

• to identify potential investment opportunities.
• To manage conflicts of interest between investors.
• To ensure accurate calculation of the fund's value.
• To prevent fraudulent activities in the fund.