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CISI ICWIM Actual Tests : International Certificate in Wealth & Investment Management

ICWIM actual test
  • Exam Code: ICWIM
  • Exam Name: International Certificate in Wealth & Investment Management
  • Updated: Sep 15, 2026
  • Q & A: 256 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

About CISI ICWIM Exam Actual Tests

CISI ICWIM Exam Syllabus Topics:

SectionWeightObjectives
Financial Products20%- Equities and shares
  • 1. Valuation methods
  • 2. Dividends and total return
  • 3. Types of equity
- Collective investments
  • 1. Fund selection criteria
  • 2. ETFs and index trackers
  • 3. Funds and structured products
- Bonds and fixed income
  • 1. Credit risk
  • 2. Yield and price relationships
  • 3. Bond types and characteristics
Market Environment20%- Role and function of financial markets
  • 1. Types of financial markets and their roles
  • 2. Market indices and benchmarks
  • 3. Market participants and intermediaries
- Economic environment
  • 1. Business cycles
  • 2. Macroeconomic factors affecting investments
  • 3. Interest rates and inflation
Regulation and Ethics15%- Ethical conduct
  • 1. Professional responsibilities
  • 2. Conflict of interest
  • 3. CISI Code of Ethics
- Regulatory framework
  • 1. Financial regulation principles
  • 2. Compliance requirements
  • 3. Investor protection
Risk and Return20%- Risk concepts
  • 1. Types of investment risk
  • 2. Risk measurement
  • 3. Risk diversification
- Portfolio theory
  • 1. Modern portfolio theory
  • 2. Risk-return profiling
  • 3. Asset allocation principles
Client Advisory25%- Portfolio construction
  • 1. Portfolio review and rebalancing
  • 2. Asset allocation strategies
  • 3. Performance measurement
- Client needs analysis
  • 1. Risk profiling and suitability
  • 2. Investment objectives
  • 3. Time horizons

CISI International Certificate in Wealth & Investment Management Sample Questions:

Question #1

How would an active fund manager seek to avoid underperforming their peer group when deciding on asset allocation?

  • A. Through the use of quantitative models
  • B. By assessing the prospects for each main asset class
  • C. Through the use of asset allocation by consensus
  • D. By hedging currency and market risk
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

A fiduciary relationship normally arises between:

  • A. A husband and wife
  • B. A head of state and its government
  • C. A company and its suppliers
  • D. A lawyer and client
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

You are analysing two similar funds, A and B, which have similar returns. However, you notice Fund B has a much higher standard deviation than Fund A. This implies that:

  • A. Fund B has taken much higher risks
  • B. Fund A has taken much higher risks
  • C. Fund B is significantly more profitable than Fund A
  • D. Fund A is much cheaper than Fund B
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

A bullet bond portfolio can have an advantage over a barbell bond portfolio because:

  • A. It is always riding the yield curve
  • B. The gross redemption yield is always higher
  • C. It only invests in short-dated bonds
  • D. A bullet portfolio does not require regular rebalancing
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

The difference between principal trading and agency trading is that an agent:

  • A. Does not always offer best execution
  • B. Charges commission on the deal
  • C. Will usually execute the order against their own trading book
  • D. Aims to profit from the bid-offer spread
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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