2025基金英文面試題目及答案

一、單項選擇題（每題2分，共10題）1.Whichofthefollowingisacommoninvestmentstrategyinfundmanagement?A.Onlyinvestinstocks.B.Diversifyacrossdifferentassetclasses.C.Putallmoneyinonebond.D.Keepthefundsincashallthetime.Answer:B2.Inamutualfund,whoisresponsibleformakinginvestmentdecisions?A.Thefundcustodian.B.Thefundshareholders.C.Thefundmanager.D.Theregulatoryagency.Answer:C3.WhatdoesNAV(NetAssetValue)representinafund?A.Thetotalvalueofthefund'sliabilities.B.Thetotalvalueofthefund'sassetsminusliabilities.C.Thetotalvalueofthefund'sassetsplusliabilities.D.Theprofitofthefundinayear.Answer:B4.Whichfactormayhaveasignificantimpactonafund'sperformance?A.Thecolorofthefund'slogo.B.Thelocationofthefundcompany.C.Marketconditions.D.Thefontusedinthefund'sreports.Answer:C5.Ahigh-riskfundislikelyto:A.Haveverystablereturns.B.Havealowerpotentialreturn.C.Haveahigherpotentialreturnbutalsohighervolatility.D.Belessaffectedbymarketfluctuations.Answer:C6.Whenafundis"closed-ended",itmeans:A.Newinvestorscan'tenteratanytime.B.Ithasafixednumberofshares.C.Itisgoingtobeliquidatedsoon.D.Itonlyacceptsinstitutionalinvestors.Answer:B7.Whichofthefollowingisakeymetricforevaluatingabondfund?A.P/Eratio.B.Dividendyield.C.Duration.D.Beta.Answer:C8.Themainpurposeofahedgefundisoften:A.Toprovidestableincomeforretirees.B.Toachieveabsolutereturnsregardlessofmarketdirection.C.Toinvestonlyingovernmentbonds.D.Topromoteenvironmentalprotectionthroughinvestment.Answer:B9.Infundinvestment,whatdoes"liquidity"referto?A.Thepopularityofthefund.B.Howquicklyaninvestmentcanbeboughtorsoldwithoutsignificantlyaffectingitsprice.C.Theamountofmoneythefunddonatestocharity.D.Thephysicalsizeofthefundcompany.Answer:B10.Ifafundhasa"front-endload",itmeans:A.Investorspayafeewhentheyselltheirshares.B.Investorspayafeewhentheybuytheirshares.C.Thefundchargesnofeesatall.D.Thefeeispaidattheendoftheyear.Answer:B二、多項選擇題（每題2分，共10題）1.Whichofthefollowingaretypesofinvestmentfunds?A.Equityfunds.B.Bondfunds.C.Moneymarketfunds.D.Realestatefunds.Answer:A,B,C,D2.Factorsthatshouldbeconsideredwhenchoosingafundinclude:A.Pastperformance.B.Managementfees.C.Investmentobjective.D.Reputationofthefundmanager.Answer:A,B,C,D3.Whichofthefollowingstatementsarecorrectaboutfundrisks?A.Marketriskaffectsallfundstosomeextent.B.Creditriskismainlyrelevantforbondfunds.C.Liquidityriskcancausedifficultiesinsellingfundshares.D.Operationalriskisrelatedtotheinternalmanagementofthefundcompany.Answer:A,B,C,D4.Therolesinthefundindustrytypicallyinclude:A.Fundmanagers.B.Fundcustodians.C.Funddistributors.D.Fundregulators.Answer:A,B,C,D5.Whatarethecommonwaysforfundstodiversifyinvestments?A.Byinvestingindifferentindustries.B.Byinvestingindifferentcountries.C.Byinvestingindifferentassetclasses.D.Byinvestingindifferent-sizedcompanies.Answer:A,B,C,D6.Whichofthefollowingarefeaturesofexchange-tradedfunds(ETFs)?A.Tradeonstockexchanges.B.Usuallyhavelowerfeesthanmutualfunds.C.Canbeboughtandsoldthroughoutthetradingday.D.Arealwayspassivelymanaged.Answer:A,B,C7.Afund'sinvestmentportfoliomayconsistof:A.Stocks.B.Bonds.C.Derivatives.D.Realestateassets.Answer:A,B,C,D8.Whatarethepotentialbenefitsofinvestinginafund?A.Professionalmanagement.B.Diversification.C.Easieraccesstodifferentmarkets.D.Guaranteedhighreturns.Answer:A,B,C9.Whichofthefollowingcaninfluenceafund'sNAV?A.Changesinthevalueofthefund'sassets.B.Inflowsoroutflowsofinvestormoney.C.Feesandexpenseschargedbythefund.D.Thenumberofemployeesinthefundcompany.Answer:A,B,C10.Inthecontextoffunds,whatdo"activemanagement"and"passivemanagement"referto?A.Activemanagementinvolvesfrequenttradingtooutperformthemarket.B.Passivemanagementaimstoreplicateanindex.C.Activemanagementrequiresmoreresearchandanalysis.D.Passivemanagementusuallyhaslowerfees.Answer:A,B,C,D三、判斷題（每題2分，共10題）1.Allfundsarerequiredtopaydividendstotheirshareholders.Answer:False2.Afundwithahighexpenseratioisalwaysabadinvestment.Answer:False3.Theperformanceofafundinthepastcanguaranteeitsfutureperformance.Answer:False4.Bondfundsarealwayslessriskythanequityfunds.Answer:False5.Afund'sNAVneverchangesduringatradingday.Answer:False6.Hedgefundsaresubjecttothesameregulationsasmutualfunds.Answer:False7.Moneymarketfundsinvestonlyincash.Answer:False8.Alarge-capfundonlyinvestsincompanieswithamarketcapitalizationover$10billion.Answer:False9.Thefundmanagerhasnoinfluenceonthefund'sinvestmentstrategy.Answer:False10.Allfundsareopen-ended.Answer:False四、簡答題（每題5分，共4題）1.Brieflyexplainwhatafund'sprospectusis.Answer:Afund'sprospectusisalegaldocument.Itprovidesimportantinformationaboutthefund,suchasitsinvestmentobjective,strategies,risks,fees,andpastperformance.Ithelpsinvestorsmakeinformeddecisions.2.WhatarethemaindifferencesbetweenamutualfundandanETF?Answer:Mutualfundsarepricedonceadayafterthemarketcloses,whileETFstradeonexchangesthroughouttheday.ETFsusuallyhavelowerfees.Mutualfundsmayhaveminimuminvestmentrequirements,andETFscanbeboughtinsmalleramountslikestocks.3.Howcanafundcompanymanageliquidityrisk?Answer:Afundcompanycanmanageliquidityriskbydiversifyingitsportfolio,maintaininganappropriatelevelofcashorhighlyliquidassets,andhavingproperriskassessmentandmanagementsystemsinplace.4.Whatistheroleofthefundcustodian?Answer:Thefundcustodianisresponsibleforsafeguardingthefund'sassets,ensuringproperaccountingofassets,andverifyingtransactionstoprotecttheinterestsoffundinvestors.五、討論題（每題5分，共4題）1.Discusstheimpactofinterestratechangesonbondfunds.Answer:Interestratechangessignificantlyimpactbondfunds.Whenratesrise,bondpricesfall,whichmayleadtoadeclineintheNAVofbondfunds.Whenratesfall,bondpricesmayrise,potentiallyincreasingthefund'svalue.2.Howcanindividualinvestorsassesst