Managed Funds MC - Managed Funds MC (self made) 1. Managed...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Managed Funds –MC (self made) 1. Managed trusts and investment trusts are forms of managed investment schemes which are taxed by; a. Are taxed on profits directly b. Investors pay personal tax on benefits distributed c. Are taxed twice; company tax then personal tax on benefits d. None of the above 2. The two main variations of the managed funds industry are; a. Superannuation funds and managed investment schemes b. Investment trusts and managed investment schemes c. Superannuation funds and investment trusts d. Polled funds and managed trusts 3. Superannuation funds pay; a. 10% tax on income and 15% tax on capital gains b. 15% tax on income and 10% tax on capital gains c. Tax relative to the members income and capital gains rate d. No tax at all 4. In managed funds; average minimum initial deposits are _________ , minimum additional investments are __________, and a minimum balance is usually around ___________. a. $1000, $100, $500 b. $5000, $1000, $5000 c. $100,000, $10,000, $50,000 d. $2000, $1000, $2000
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
5. Funds themselves are owned by ___________, and managed by ___________. a. The firm that runs it, investment/portfolio manager b. Unit holders, investment/portfolio manager c. The firm that runs it, trustee d. Unit holders, trustee 6. Unlisted funds are; a. Open-ended funds but can also be closed b. Only open-ended funds c. Indexed funds d. Active funds 7. True or false
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/19/2011 for the course FINS 2643 at University of New South Wales.

Page1 / 8

Managed Funds MC - Managed Funds MC (self made) 1. Managed...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online