INVESTMENT PLANNING 6.Hedgers in the context of futures and options refer to A. a party which either has a current exposure or future exposure in the underlying asset and intend to remove the risk B. a party who assume a position in the underlying asset with the sole intention of making profit C. a party that buy and sell an identical product to take advantage of price differential due to market imperfection D. none of the above 7. The following are all true about unit trusts, except it is a professionally managed fund it is a collective investment scheme it does not depend on funds from unit-holders it usually holds diversified portfolio of securities A. i and ii only B. ii and iii only C. iii and iv only D. iii only 8. The trust deed is a legally binding agreement between the manager, trustee and unit- holders. The deed usually covers how to value and price a unit the rights of unit-holders the collection & distribution of income A. none of the above B. I only C. I and ii only D. i, ii and iii 9. Which of the following does not apply to the unit trusts' manager? to introduce unit-holders to buy the units of the trust fund at all cost to manage the fund with high standard of integrity and fair dealing the manager must exercise due care, skill and diligence in managing the fund the manager is bound by the Securities Commission (Unit Trust Scheme) Regulation 1996 A. i and ii only B. ii and iii only C. iii and iv only D. I only 10. The trustee is said to be the custodian for all the assets of unit trust schemes. The duty is to ensure that the manager follows strictly the provision of trustee's deed on ... the creation and cancellation of units The collecting & distribution of income proper record keeping of interest upholding unit-holders' interest A. none of the above B. I only C. i and ii only D. all of the above .