基金英文面試題及答案

一、單項選擇題（每題2分，共10題）

1.Whichofthefollowingisnotatypeofmutualfund?

A.Equityfund

B.Bondfund

C.Hedgefund

D.Insurancefund

答案：D

2.Whatistheprimarygoalofanindexfund?

A.Tobeatthemarket

B.Tomatchtheperformanceofaspecificindex

C.Toinvestinasinglestock

D.Toprovidehighdividendyields

答案：B

3.Whatdoestheacronym"ETF"standforinthecontextoffinance?

A.ExchangeTradedFund

B.ElectronicTradingFund

C.EquityTradingFund

D.EconomicTradingFund

答案：A

4.Whichofthefollowingisariskmanagementstrategyusedbyfundmanagers?

A.Diversification

B.Concentration

C.Speculation

D.Arbitrage

答案：A

5.Whatisthetermusedtodescribethedifferencebetweenthebuyingandsellingpriceofasecurity?

A.Dividend

B.Spread

C.Yield

D.Interest

答案：B

6.Whatistheroleofacustodianinafund?

A.Tomanagethefund'sinvestments

B.Toprovideinvestmentadvice

C.Toholdthefund'sassetssecurely

D.Tomarketthefundtoinvestors

答案：C

7.Whatisthetermforthepercentageofafund'sassetsthatareheldincashorcashequivalents?

A.Beta

B.Alpha

C.Cashratio

D.Liquidityratio

答案：C

8.Whichofthefollowingisameasureofafund'sperformancerelativetoitsbenchmark?

A.NAV

B.Beta

C.Alpha

D.Sharperatio

答案：C

9.Whatisthetermforthetotalreturnofaninvestment,includingbothincomeandgrowth?

A.Absolutereturn

B.Relativereturn

C.Totalreturn

D.Nominalreturn

答案：C

10.Whatisthetermusedtodescribetherisk-freerateofreturninfinancialtheory?

A.Expectedreturn

B.Requiredreturn

C.Riskpremium

D.Timevalueofmoney

答案：B

二、多項選擇題（每題2分，共10題）

1.Whichofthefollowingaretypesofinvestmentfunds?

A.Mutualfunds

B.Pensionfunds

C.Hedgefunds

D.Insurancefunds

答案：A,B,C,D

2.Whataresomefactorsthatcanaffectafund'sperformance?

A.Marketconditions

B.Manager'sskill

C.Economicindicators

D.Politicalevents

答案：A,B,C,D

3.Whataresomecommoninvestmentstrategiesusedbyfundmanagers?

A.Valueinvesting

B.Growthinvesting

C.Contrarianinvesting

D.Indexing

答案：A,B,C,D

4.Whichofthefollowingareconsideredpassiveinvestmentstrategies?

A.Activemanagement

B.Indexing

C.Dollar-costaveraging

D.Markettiming

答案：B,C

5.Whataresomerisksassociatedwithinvestinginfunds?

A.Marketrisk

B.Creditrisk

C.Liquidityrisk

D.Operationalrisk

答案：A,B,C,D

6.Whataresomefactorsthatcaninfluenceafund'sexpenseratio?

A.Managementfees

B.Tradingcosts

C.Distributionfees

D.Administrativecosts

答案：A,B,C,D

7.WhataresomereasonswhyaninvestormightchooseanETFoveramutualfund?

A.Lowerfees

B.Taxefficiency

C.Intradaytrading

D.Diversification

答案：A,B,C,D

8.Whataresomefactorsthatcanaffectafund'snetassetvalue(NAV)?

A.Marketfluctuations

B.Dividendsreceived

C.Interestearned

D.Fundexpenses

答案：A,B,C,D

9.Whataresomemeasuresofafund'srisk?

A.Standarddeviation

B.Beta

C.Valueatrisk(VaR)

D.Sharperatio

答案：A,B,C,D

10.Whataresomefactorsthatcanaffectafund'sliquidity?

A.Marketdepth

B.Tradingvolume

C.Fundsize

D.Redemptionrestrictions

答案：A,B,C,D

三、判斷題（每題2分，共10題）

1.Anopen-endfundissuesandredeemssharesattheendofeachtradingday.(True/False)

答案：False

2.Afund'sbetameasuresitssensitivitytomarketmovements.(True/False)

答案：True

3.Afund'sdividendyieldisthesameasitstotalreturn.(True/False)

答案：False

4.Afund'sexpenseratioincludesallthecostsassociatedwithmanagingandoperatingthefund.(True/False)

答案：True

5.Afund'salphaisameasureofitsperformancerelativetoitsbenchmark.(True/False)

答案：True

6.Afund'snetassetvalue(NAV)iscalculatedbydividingthetotalvalueofitsassetsbythenumberofoutstandingshares.(True/False)

答案：True

7.Afund'slock-upperiodistheminimumamountoftimeaninvestormustholdthefundbeforetheycansellit.(True/False)

答案：True

8.Afund'sredemptionfeeisachargepaidbythefundtotheinvestorwhentheyselltheirshares.(True/False)

答案：False

9.Afund'sturnoverratioindicateshowoftenthefund'sportfolioistraded.(True/False)

答案：True

10.Afund'sSharperatiomeasurestherisk-adjustedreturnofthefund.(True/False)

答案：True

四、簡答題（每題5分，共4題）

1.Whatisthedifferencebetweenamutualfundandanexchange-tradedfund(ETF)?

答案：Mutualfundsareinvestmentvehiclesthatpoolmoneyfrommultipleinvestorstoinvestinadiversifiedportfolioofstocks,bonds,orothersecurities.Theyaretypicallymanagedbyprofessionalfundmanagersandareboughtandsoldattheendofeachtradingdayatthenetassetvalue(NAV).ETFs,ontheotherhand,aresimilartomutualfundsinthattheyalsopoolinvestormoneytoinvestinadiversifiedportfolio,buttheytradelikestocksonanexchangethroughoutthetradingdayatmarket-determinedprices.

2.Explaintheconceptofdiversificationinthecontextofinvestmentfunds.

答案：Diversificationisariskmanagementstrategythatinvolvesspreadinginvestmentsacrossvariousfinancialinstruments,industries,andothercategoriestooptimizereturnsandreducerisk.Bydiversifying,afundmanagercanensurethatthefundisnotoverlyexposedtoanysingleinvestmentormarketsegment,whichcanhelptomitigatetheimpactofpoorperformanceinoneareaontheoverallfund.

3.Whatismeantbytheterm"activemanagement"infundmanagement?

答案：Activemanagementreferstothestrategyemployedbyfundmanagerswhoaimtooutperformthemarketbymakingspecificinvestmentdecisions,suchasselectingundervaluedstocksortimingthemarket.Thisisincontrasttopassivemanagement,wherethefundmanagerseekstoreplicatetheperformanceofabenchmarkindexbyinvestinginthesamesecuritiesastheindex.

4.Describetheroleofafund'scustodian.

答案：Afund'scustodianisafinancialinstitutionthatholdsthefund'sassetsinsafekeeping.Thecustodian'sroleincludesensuringthesecur