CISI ICWIM International Certificate in Wealth & Investment Management Online Training
CISI ICWIM Online Training
The questions for ICWIM were last updated at Apr 22,2025.
- Exam Code: ICWIM
- Exam Name: International Certificate in Wealth & Investment Management
- Certification Provider: CISI
- Latest update: Apr 22,2025
Why might an expansionary fiscal policy lead to future inflationary pressures?
- A . It causes higher interest rates
- B . Workers demanding higher wages
- C . Due to a significant fall in private sector investment
- D . Due to the effect of time lag
The Arbitrage Pricing Theory (APT) seeks to determine what factors influence security price movements using:
- A . Mean variance analysis
- B . Beta testing
- C . Technical analysis
- D . Regression analysis
"An approach which applies a theoretical price to a company’s shares by discounting the company’s expected future cash flow into infinity." This statement is describing the:
- A . Net asset value
- B . Market value added
- C . Dividend valuation model
- D . Economic value added
Offshore foundations are often used as a suitable alternative to which similar type of arrangement?
- A . Limited liability partnerships
- B . Credit unions
- C . Trusts
- D . SICAVs
Stablecoins are less prone to price fluctuations because:
- A . They do not use blockchain technology
- B . Their price is in US Dollars
- C . Their value is pegged to underlying assets
- D . They are highly illiquid
Which of the following elements would be included in a recommendation report to a client?
- A . Previous arrangements
- B . Restrictions
- C . Cost of living
- D . Rate of inflation
An economy with two consecutive quarters of negative growth is considered to be in what phase of an economic cycle?
- A . Recession
- B . Slump
- C . Depression
- D . Inflationary
When investors wish to sell units in mutual funds, there is a risk of the fund being gated.
Why might this happen?
- A . To ensure any tax deferral benefits are not lost
- B . To ensure that the commission as a proportion of the fund remains small
- C . Because the investor has not held the units past the ‘lock-in’ period
- D . To allow fund managers to raise enough funds to pay out to those wishing to sell their units
When creating a portfolio for a risk-averse client, why would you select stocks with a beta of less than one?
- A . So that the portfolio is easier to understand
- B . So that the portfolio moves in line with the market
- C . In order to produce a low-volatility portfolio
- D . To produce a high-volatility portfolio
Which type of investment is associated with providing finance to growing companies with the objective of exiting via a profitable stock market listing?
- A . Convertible bonds
- B . Preference shares
- C . Private equity
- D . Structured products
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