Topic Area Level III
Ethical and Professional Standards (total) 10%
Asset Classes (total) 35-45%
Alternative Investments 5-15%
Equity Investments 5-15%
Fixed Income 10-20%
Portfolio Management and Wealth Planning (total) 45-55%
@vincentt @ravivooda @sophie Hi guys, I’m a bit confused with the topic weightings. The asset classes such as alternatives, derivatives, equity investments and fixed income have been split out from portfolio management and wealth planning. But in the notes, these topics are part of portfolio management. How to inteprete this? Thanks.
I realised this is the topics breakdown for this year but I’m not sure if this is the same as the past, for example GIPS wasn’t a standalone topic so I’m not sure if this year is different or perhaps they will integrate it within other portfolio management topics?
So the readings are split into the following weightings?
Ethics (Total 10%)
Study Session 1 Code of Ethics and Standards of Professional Conduct
Study Session 2 Ethical and Professional Standards in Practice
Portfolio Management (Total 45-55%)
Study Session 3 Behavioral Finance
Study Session 4 Private Wealth Management
Study Session 5 Portfolio Management for Institutional Investors
Study Session 6 Capital Market Expectations in Portfolio Management
Study Session 7 Economic Concepts for Asset Valuation in Portfolio Management
Study Session 8 Asset Allocation
Study Session 14 Risk Management
Study Session 16 Trading, Monitoring, and Rebalancing
Study Session 17 Performance Evaluation and Attribution
Study Session 18 Global Investment Performance Standards
Asset Classes (Total 35-45%)
Fixed Income (10-20%)
Study Session 9 Management of Passive and Active Fixed-Income Portfolios
Study Session 10 Portfolio Management of Global Bonds and Fixed-Income Derivatives
Equity Investments (5-15%)
Study Session 11 Equity Portfolio Management
Study Session 12 Equity Portfolio Management
Alternative Investments (5-15%)
Study Session 13 Alternative Investments for Portfolio Management
Study Session 15 Risk Management Applications of Derivatives
@vincentt, @alta12, I am planning to do a quick revision until 5th May. Post that will only do papers. I am planning to do schweser papers+ CFAI mock and atleast 2 old years CFAI papers. Leave the last week for one more round of revision of notes and mistakes.
@sophie, @christine Please advice what you think would be good to do this month. How much should we concentrate on papers? Also please advice while doing morning section papers, how should we grade them. Because if a question was given 10 minutes, how should we really be approaching it.
Based on schweser these topics are always part of asset classes and never portfolio management.
I actually wanted to post a question about topics as well, by any chance you would know where does GIPS sits within the portfolio management topic?
@RaviVooda do u know which section in portfolio management?
Portfolio Management – Behavioural Finance
Portfolio Management – Individual
Portfolio Management – Institutional
Portfolio Management – Capital Market Expectations & Economics
Portfolio Management – Asset Allocation
Portfolio Management – Risk Management
Portfolio Management – Monitor and Rebalance
Portfolio Management – Performance Evaluation
@Alta12 lucky you able to take a month off! Yes we should, if you have any question just shoot see if we can work it out.
@RaviVooda Also, by any chance you guys would know whether the examiner will pick the right answer if for example the question asked for “one reason” and we provided two (first one is incorrect but second one is)?
@vincentt Schweser seems to think GIPS is part of portfolio management and indicated that it’s estimated to be 5% of weighting in the lecture videos.
@vincentt @ravivooda How are your preparations coming along? How do you intend to spend revision time in May? @christine @sophie Any preparation tips for Level III candidates for the month leading up to the exam? :-S
@vincentt @ravivooda I have taken a month off work. I plan to work through the EOC and BB again and revise until 10 May. Then will hit the mock exams and past papers. Level III definitely has an added dimension of pressure! Nearly there! We should help each other to get to the summit of Mount Everest!
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