Under new rules, IIROC will be requiring investment dealers to provide retail clients with information on the percentage returns on their accounts, and the MFDA recently introduced new rules relating to how mutual fund dealers and their representatives should communicate information to clients on the percentage returns on their accounts.
What factors should dealers take into account when implementing IIROC's and the MFDA's requirements?
What information on returns will dealers need to communicate to their clients?
How should account positions be valued for the purpose of calculating returns?
There are many ways to calculate investment returns. Which calculation methods are acceptable to IIROC and to the MFDA?
How should a dealer choose among the acceptable methods? What are Global Investment Performance Standards (GIPS)?
What are the responsibilities of the dealer when a representative provides information on rates of return directly to clients?
How are rates of return calculated?
Of what use are the investment returns shown on my statement?
Is information about investment returns all that I need for decision-making?
What other information, if any, do I need to take into account?
The investment return on my statement does not agree with the rate of return disclosed by my mutual fund. In fact, it is much lower. Why?
The Understanding Investment Returns course provides clear answers to all these questions and many others. It includes many examples and uses actual screenshots of Excel worksheets for extra clarity. There are case studies and a quiz to test your understanding of the subject.
Once you commence the exam you will not be allowed to navigate back to previous pages but must continue to completion.
Upon completion you will receive your SUI Course Certificate for submission to your firm and IIROC and receive your 8 hours of CE credits for the Understanding Investment Returns Course.
The Understanding Investment Returns course provides clear answers to all the questions listed in the Course Description and many others. It includes many examples and uses actual screenshots of Excel worksheets for extra clarity. There are case studies and a quiz to test your understanding of the subject.
How Do Investors Use Investment Returns?
What Asset Does a Fund Hold?
What is the Significance of the NAV per Unit?
What Are the Components of a Fund's Return?
What Returns Must Investment Funds Disclose?
Examples that you can review to test your knowledge of the calculations. Solutions are provided.