How are asset allocation funds different from balanced funds?

		They are not subject to market risk as they do not hold equities
		The portfolio manager must strictly follow the stated asset class weightings
		They are not required to hold a specified minimum amount of any particular asset class
		The distributions are in form of capital gains only

What is the main advantage of owning units of a "fund of hedge funds" rather than owning units of a single hedge fund?

		Greater diversification opportunities
		Greater volatility in fund assets
		Less leverage
		Lower operating fees

Which of the following features is unique to money market mutual funds and not associated with other classes of mutual funds?

		The value is guaranteed
		They are insured by the Canada Deposit Insurance Corporation
		They invest only in fixed-income securities
		They typically have a constant share or unit value

Under what conditions is it possible for an investment advisor to implement an order in a simple discretionary account?

		Never
		When a "model portfolio" is implemented
		With written approval of a designated supervisor
		With a written direction from the client

What is the maximum maturity guarantee that a segregated fund contract can provide?

		75% - after a 5-year holding period
		75% - after a 10-year holding period
		100% - after a 5-year holding period
		100% - after a 10-year holding period