J.P. Morgan
Market Insights
J.P. Morgan Asset Management
Continuing Professional Development (CPD) Questionnaire
Market Insights J.P. Morgan Asset Management is now an accredited provider of Continuing Professional Development (CPD) for financial professionals in Australia!

Through the release of our publications, such as Guide to the Markets, Quarterly Perspectives and other timely research, you can take an online quiz and earn regular CPD hours. Once you've passed the quiz, you'll be issued with a CPD certificate at the end of the quarter.

Quiz for Quarterly Perspectives 1Q 2020
You must answer 3 out of 4 questions correct (75%) to pass. You have 3 attempts each quarter. Please answer all of the questions below.

The CPD certificate will be sent to the registered email address.

First name:
Last name:
A.F.S. License Number:
Business email:

1) Easier policy by central banks around the world helped to lift equity markets in 2019. In 2020, major central banks are likely to
a) Cut interest rates further
b) Hold interest rates on current low levels
c) Raise interest rates to zero or below
d) Lower inflation targets to achieve their goals

2) The U.S. presidential election will be a key focus of investors in 2020 as political uncertainty influences markets. However, the future policy agenda may be impeded because
a) Politician can’t influence the economy
b) The Fed is more important for markets
c) The U.S. congress will remain split, Democrats will hold the House of Representative and
           the Republicans will hold the Senate
d) The current President has been impeached

3) Pressure on the Chinese economy may ease as the trade war with the U.S. takes a hiatus. However, the economy is still going through a protracted slowing and officials are most likely to respond with
a) Strong devaluations in the Chinese yuan to maintain competitiveness
b) More tax cuts for households and companies
c) Increased subsides for technology related sectors
d) Increased issuance of local government bonds to fund infrastructure projects

4) Equity markets were helped by a strong re-rating in valuations multiples in 2019. With the potential for a further rise in valuations limited the outlook for equities hinges on
a) Rising earnings outlook as economic growth improves
b) Rate cuts by central banks to increase the relatively attractiveness of equities to bonds
c) Margin expansion driven by layoffs and cost cutting
d) An increased level of buyback activity

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