Capital Markets
The central banks that adopted a negative bank rate.
ECB in 2014 & the Swiss National Bank 2015
Rank the countries by GDP in 1900: Russia, US, Germany, UK, France
US ($18B); UK ($9B); Germany ($8B); France ($6B); Russia ($5.7B)
The discount rate for CPP if taken early or late.
early = 0.6%/mth; late = 0.7%/mth
If correct, bonus Q for 100pts - what is the discount rate for OAS if taken early or late?
What makes pensions & endowments the "Smart Money".
1. Manage only 1 large account; 2. Large account provides >resources; 3. Perpetual time horizon
If correct, bonus Q for 100pts: This large sovereign wealth fund has <2% Privates
The total global equity market cap.
$119T
The standard front-end loaded MF fees in the '70's and '80's.
3-8%
If correct, bonus Q for 100pts: when was the 1st mutual fund launched?
Rank the countries by GDP in 1939: Russia, US, Germany, UK, France
US ($96B); Russia ($51B); Germany ($47B); UK ($27B); France ($10B)
What is the catchup restrictions for RESP's CESG?
CESG matches only 2x’s the annual maximum (= $5,000/kid)
KW's investment philosophy.
What is "capital preservation with responsible growth".
If correct, bonus Q for 100pts: where is the IC Charter located?
The % of silver that has industrial applications: 35%, 45%, 55%
55%
if right, bonus Q for 100 pts: what % of gold has industrial applications: 7%, 14%, 21%
The relative value of Japanese vs. US real estate in 1989: 1x, 2x, 3x, 4x
4x
if correct - bonus Q for 100pts: what piece of real estate in Japan was the same value as all of Canada
Rank the countries by GDP in 2024: US, Japan, Germany, China, India,
US ($25T); China ($15T); Japan ($4T); Germany ($3.8T); India ($3.4T)
The difference between a TFSA "successor" and TFSA "beneficiary".
Successor (spouse only) inherits the TFSA; Beneficiary receives the assets from the TFSA.
What is duration.
Price sensitivity to changes in interest rates.
If correct, bonus Q for 100pts: What is the Sharpe Ratio and what is a superior measure?
How the DJII is measured & why it is stupid.
Price-weighted index of 30 stocks.
The NASDAQ % loss from its 2000 top?
80% (5,132 Mar/00 to 1,140 by Oct/02)
if correct - bonus Q for 100 pts: how long did it take for the NASDAQ to recover?
What is Buffet's market valuation formula and why it is stupid.
US total mkt cap/GDP (numerator only measures public markets while GDP is total economy)
Why the KW Pools are not considered foreign content.
KW pools are Cdn situs trusts.
The CFA acronym for benchmarking.
SAMURAI (Specified in advance; Appropriate; Measurable; Unambiguous; Reflective; Accountable; Investable)
If correct, bonus Q for 100pts: what was CPP's reference benchmark and was it appropriate?
The 3 largest asset managers in the world.
BlackRock ($10T); Vanguard ($8.5T); Fidelity ($4.5T)
When the first ETF was launched.
1993 (SPDR)
if correct - bonus Q for 100pts: when was Bitcoin created?
The difference between MWRR (IRR) and TWRR.
TWRR removes the impact of cash flows when calculating investment return.
MWRR includes the impact of cash flows on investment returns.
Bonus Q for 100pts - which is a better measure of return?
The % the S&P is up monthly: 53%, 63%, 73%
63%
If correct, bonus Q for 100pts: what % is the S&P500 up annually?
The liquidity advantages of Kinsted's private asset pool funds.
40% AUM in 90-day or less redemption features.
Core 1000+Kinsted clients of ~$1.4B "sticky" AUM.
Fund-of-Fund structure for liquidity diversification.
LPs are starting to harvest & mature as KW has 5 years of holdings (~staggered GIC strategy).
A secondary over-the-counter LP market evolving.
Soft-cap & redemption restrictions to protect all unitholders.