Series 6 Miscellaneous

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Across
  1. 2. Strategic asset allocation is often considered a(n) __________ management style
  2. 6. Includes all cash and other items expected to be converted into cash within 12 months
  3. 9. _____ capital is a company’s current assets minus its current liabilities
  4. 13. The _______ market is typically based on the S&P 500
  5. 15. This refers to a corporation’s reputation and relationship with its clients
  6. 16. ______ assets include all cash and other items expected to be converted into cash within the next 12 months
  7. 17. A customer's goals, financial strength and other factors are part of this
  8. 18. This risk describes the risk involved with the premature return of principal on a fixed-income security. When debtors return part of the principal early, they do not have to make interest payments on that part of the principal
  9. 19. This that government actions will constrain a corporation or industry, thereby adversely affecting an investor's holdings in that company or industry.
  10. 20. asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors in the short-term
  11. 24. Capital growth is also known as capital ___________
  12. 27. Includes gross investment income minus operating expenses
  13. 28. This is the customer objective that most investors focus on debt securities because of their interest payments
  14. 29. the period of time one expects to hold an investment until they need the money back and are largely dictated by investment goals and strategies.
  15. 30. the shorter the time horizon, the more _______ the portfolio
  16. 32. Highest bond rating available
  17. 34. Property, plants and equipment are considered _______ assets, items that are not easily converted into cash
  18. 35. description of investments a customer can sell quickly at face amount
  19. 36. Tactical asset allocation typically requires a(n) __________ management style
  20. 37. Industries least affected by normal business cycles
  21. 40. Steel, heavy equipment and capital goods are examples of ________ industries. These are highly sensitive to business cycles and inflation trends.
  22. 41. A U.S. government security with a maturity of one year or less
  23. 43. The extent to which an asset's actual return exceeds or falls short
  24. 44. Places an obligation on the firm and associated person to seek information from customers.
  25. 46. MPT holds that specific risks can be diversified away by having a portfolio consisting of securities whose returns are not ___________
  26. 48. A security or portfolio with a beta greater than 1.0 is generally going to be ______ volatile than the overall market
  27. 49. An analyst examines financial statements and company when performing fundamental analysis
  28. 53. is a securities market investment theory that describes the relationship between systematic risk and expected return for assets, particularly stocks.
  29. 54. This type of risk affects the overall market, not just a particular stock or industry and is both unpredictable and impossible to completely avoid
  30. 55. __________ is an asset that has a finite monetary value and usually a physical form.
  31. 57. A securities industry settlement method that guarantees the transfer of securities only happens after payment has been made. It stipulates that the buyer's cash payment for securities must be made prior to or at the same time as the delivery of the security.
  32. 58. Real estate and hedge funds are considered this type of investment
  33. 59. The third (in alphabetical order) major type of asset classes
  34. 60. A measure of a stock's volatility in relation to the overall market
  35. 61. Focuses on companies whose stocks are currently undervalued
Down
  1. 1. A security or portfolio with a beta less than 1.0 is generally going to be ______ volatile than the overall market
  2. 3. A way to try to earn much higher than average returns at a higher risk
  3. 4. An issuer who has identified specific assets for collateral for interest and principal payments will issue this type of bond
  4. 5. __________ analysis is the method of analyzing companies based on factors that affect their intrinsic value and determines the underlying health and performance of a company by looking at key numbers and economic indicators.
  5. 7. when the risk of loss is more than offset by the possibility of a substantial gain or other recompense
  6. 8. The first (in alphabetical order) major type of asset classes
  7. 10. __________ ________ bonds are secured by a financial asset—such as stock or other bonds—that is deposited and held by a trustee for the holders of the bond.
  8. 11. This is a measure of the amount of time a bond will take to pay for itself
  9. 12. Assessed when purchasing load bearing shares in a mutual fund
  10. 14. This type of risk refers to the possibility that an investor will be unable to reestablish cash flows (e.g., coupon payments) at a rate comparable to their current rate of return.
  11. 17. This risk is the chance that a national government's treasury or central bank will default on their commercial debt
  12. 21. A U.S. government security with a mature of more than 10 years
  13. 22. This type of risk is also known as credit risk, it is the risk that a lender takes on in the chance that a borrower will be unable to make the required payments on their debt obligation
  14. 23. a risk management techniques that mixes a wide variety of investment within a portfolio, thus minimizing the impact of any one security on overall portfolio performance
  15. 25. ______ and ship is a type of delivery instructions where the securities are registered in the customer’s name and shipped to them
  16. 26. This is a type of bond investors in a high tax market might be interested in
  17. 27. If an investment goes up less than beta it has a _________alpha
  18. 31. This is another name for commercial paper and is used to raise cash to finance accounts receivable and seasonal inventory changes
  19. 33. The only U.S. government agency that is backed by the full faith and credit of the U.S. government
  20. 38. This type of asset allocation strategy is a passive management style where the investor sets target allocations for various asset classes and rebalances the portfolio periodically. They investments in these portfolio are long-term.
  21. 39. A U.S. government security that mature in 2-10 years
  22. 42. age, marital status, and employment are all this type of customer investment consideration
  23. 45. The second (in alphabetical order) major type of asset classes
  24. 47. This is the risk that government actions will constrain a corporation or industry, thereby adversely affecting an investor's holdings in that company or industry.
  25. 50. A scientific approach to measuring risk and choosing investments
  26. 51. the longer the time horizon, the more ________ the portfolio
  27. 52. ________ appear on a company’s balance sheet in order of liquidity
  28. 56. Asset __________ refers to the spreading of portfolio funds among different asset classes