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IFSE Institute CIFC Exam - Topic 5 Question 25 Discussion

Maureen is 65 years old and will be retiring soon. She has a modest portfolio of mutual funds that focus on growth. As she approaches retirement, Maureen wants to switch to investments that provide steady income with low to medium risk.Given Maureen's wishes, which of the following mutual funds would be suitable for her?
A) money market funds, mortgage funds, bond funds
B) money market funds. Canadian dividend funds, sector funds
C) Canadian dividend funds, global equity index funds, bond funds
D) money market funds, global equity funds, bond funds

IFSE Institute CIFC Exam - Topic 5 Question 25 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 25
Topic #: 5
[All CIFC Questions]

Maureen is 65 years old and will be retiring soon. She has a modest portfolio of mutual funds that focus on growth. As she approaches retirement, Maureen wants to switch to investments that provide steady income with low to medium risk.

Given Maureen's wishes, which of the following mutual funds would be suitable for her?

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Suggested Answer: A

by Merilyn at Sep 27, 2026, 05:15 PM

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Brittni
5 days ago
I remember practicing a similar question where dividend funds were highlighted for income. B could be a good choice, but I’m uncertain about sector funds being too risky.
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Anabel
10 days ago
I think Maureen should prioritize low-risk options, so maybe A with money market and bond funds? But I'm not completely sure about the mortgage funds.
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