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CISI ICWIM Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Regulation and Ethics15%- Ethical conduct
  • 1. Conflict of interest
  • 2. CISI Code of Ethics
  • 3. Professional responsibilities
- Regulatory framework
  • 1. Investor protection
  • 2. Compliance requirements
  • 3. Financial regulation principles
Topic 2: Financial Products20%- Equities and shares
  • 1. Dividends and total return
  • 2. Types of equity
  • 3. Valuation methods
- Bonds and fixed income
  • 1. Yield and price relationships
  • 2. Credit risk
  • 3. Bond types and characteristics
- Collective investments
  • 1. ETFs and index trackers
  • 2. Fund selection criteria
  • 3. Funds and structured products
Topic 3: Risk and Return20%- Portfolio theory
  • 1. Modern portfolio theory
  • 2. Risk-return profiling
  • 3. Asset allocation principles
- Risk concepts
  • 1. Risk diversification
  • 2. Risk measurement
  • 3. Types of investment risk
Topic 4: Client Advisory25%- Client needs analysis
  • 1. Time horizons
  • 2. Investment objectives
  • 3. Risk profiling and suitability
- Portfolio construction
  • 1. Asset allocation strategies
  • 2. Portfolio review and rebalancing
  • 3. Performance measurement
Topic 5: Market Environment20%- Economic environment
  • 1. Interest rates and inflation
  • 2. Macroeconomic factors affecting investments
  • 3. Business cycles
- Role and function of financial markets
  • 1. Market participants and intermediaries
  • 2. Types of financial markets and their roles
  • 3. Market indices and benchmarks

CISI International Certificate in Wealth & Investment Management Sample Questions:

1. Unsecured negotiable bearer securities that are issued by companies with a full stock market listing are known as:

A) Treasury Bills
B) Bills of Exchange
C) Commercial Paper
D) Certificates of Deposit


2. Once a company reaches the point known as the minimum efficient scale, the theory of the firm suggests that the company should:

A) Decrease its unit price
B) Increase its unit price
C) Accelerate its output expansion
D) Halt its output expansion


3. Which index could be used to measure inflation from the perspective of the seller?

A) Inflation price index
B) Producer price index
C) Retail price index
D) Consumer price index


4. In a perfect free market, price is determined by:

A) The government
B) The interaction of supply and demand curves
C) Consumers who are prepared to shop around
D) Producers manufacturing below marginal cost


5. The seller of an option is also known as the:

A) Provider
B) Writer
C) Taker
D) Holder


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: B

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