CFA CFA Level 3 Topic by Weightings

Topic by Weightings

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      Topic Area Level III
      Ethical and Professional Standards (total) 10%

      Asset Classes (total) 35-45%

      Alternative Investments 5-15%
      Derivatives 5-15%
      Equity Investments 5-15%
      Fixed Income 10-20%

      Portfolio Management and Wealth Planning (total) 45-55%
      Total 100%


      @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.

    • Avatar of RaviVoodaRaviVooda
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        I think they might club into Performance Evaluation.

      • Avatar of vincenttvincentt
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          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?

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          @vincentt @RaviVooda

          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
          Derivatives (5-15%)
          Study Session 15 Risk Management Applications of Derivatives

        • Avatar of RaviVoodaRaviVooda
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            @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.

          • Avatar of RaviVoodaRaviVooda
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              descriptive thing is one more added pressure

            • Avatar of RaviVoodaRaviVooda
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                @vincentt‌ , I have no idea on how they will evaluate. @sophie your views please

              • Avatar of vincenttvincentt
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                  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?

                • Avatar of RaviVoodaRaviVooda
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                    @alta12, @vincentt, I think Alternate Investments, Derivatives, Equity and FI will not come into portfolio management. GIPS I am not sure. @sophie, @christine please advice.

                  • Avatar of vincenttvincentt
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                      @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

                    • Avatar of vincenttvincentt
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                        @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)?

                      • Avatar of RaviVoodaRaviVooda
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                          I am thinking they might club GIPS into Ethics Or include it as part of portfolio management

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                          @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

                        • Avatar of vincenttvincentt
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                            @alta12 I’ve started practice exams but i’m extremely slow. Spend many days but still working on the same morning am paper. Not too sure if you guys are having the same issue.

                            As some will be left blank, unlike multiple choice where you can try your best to pick the best answer.

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                            @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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