VIP Exclusive
CFM Certified Fund Manager VIP Practice Exam
CFM — The Certified Fund Manager (CFM) designation is issued by the Institute of Business & Finance (IBF); the exam covers mutual fund analysis, portfolio construction, asset allocation, risk management, regulatory compliance, and fund operations, and is designed for investment professionals who recommend or manage pooled investment vehicles.
29
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 29👑 VIP
A portfolio manager oversees a large-cap growth fund with a stated benchmark of the Russell 1000 Growth Index. Over the past three years, the fund has delivered an annualized return of 12.4%, while the benchmark returned 14.1% over the same period. The fund's standard deviation was 16.2% versus the benchmark's 18.5%. An investor asks whether the manager added value. Which metric most directly answers the question of risk-adjusted performance relative to the benchmark?
Questions 2–29 and full explanations are VIP-exclusive.