CFA Latest CFA Level 1 Discussions Topic by Weightings

Topic by Weightings

  • This topic has 14 replies, 3 voices, and was last updated Oct-17 by RaviVooda.
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    • Alta12
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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.

    • vincentt
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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?

    • RaviVooda
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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.

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

    • vincentt
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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

    • RaviVooda
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      I think they might club into Performance Evaluation.

    • Alta12
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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

    • vincentt
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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?

    • Alta12
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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

    • vincentt
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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.

    • RaviVooda
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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.

    • Alta12
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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!

    • RaviVooda
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      descriptive thing is one more added pressure

    • vincentt
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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)?

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

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