Study Notes for CFA® Level III 2025 – Performance Measurement – offered by AnalystPrep
Learning Module 1 Portfolio Performance Evaluation Los 1(a): Explain the following components of portfolio evaluation and their interrelationships: performance measurement, performance attribution, and performance appraisal Los 1(b): Describe attributes of an effective attribution process Los 1(c): Contrast return attribution and…
Study Notes for CFA® Level III 2025 – Ethical and Professional Standards – offered by AnalystPrep
Learning Module 1: Code of Ethics and Standards of Professional Conduct Los 1(a): Describe the structure of the CFA Institute Professional Conduct Program and the disciplinary review process for the enforcement of the CFA Institute Code of Ethics and Standards…
Study Notes for CFA® Level III 2025 – Asset Allocation – offered by AnalystPrep
Learning Module 1: Capital Market Expectations, Part 1: Framework and Macro Considerations Los 1(a): Discuss the role of, and a framework for, capital market expectations in the portfolio management process Los 1(b): Discuss challenges in developing capital market forecasts Los…
Study Notes for CFA® Level III 2025 – Derivatives and Risk Management – offered by AnalystPrep
Learning Module 1: Options Strategies Los 1(a): Demonstrate how an asset’s returns may be replicated by using options Los 1(b): Discuss the investment objective(s), structure, payoff, risk(s), value at expiration, profit, maximum profit, maximum loss, and breakeven underlying price at…
Asset Manager Code
Loyalty to Clients Place client interests before their own. Managers must establish firm policies and procedures that ensure client interests are given precedence over their own. This commitment should encompass all aspects of the Manager-client relationship, including investment choices, transactions,…
The General Principles of Conduct and the Asset Manager Code of Professional Conduct
Responsibilities to Clients The following is an excerpt from the 2022 CFA Institute Curriculum: The following are the responsibilities of managers to their clients. A manager must: Be professional and ethical at all times. Focus on the client’s benefit, not…
The Asset Manager Code of Conduct
The Asset Manager Code of Conduct (AMCC) is an extension of the Code of Ethics and Standards of Professional Conduct, but it applies to entire asset management firms rather than individuals. It’s relevant to asset managers overseeing client funds through…
Application of the Code and Standards
The curriculum’s next section covers Standards I-VII with guidance provided in Learning Module 2 and learning Module 3. The CFAI Curriculum offers numerous case examples and advice on applying the Code and Standards. Candidates receive a downloadable e-book as part…
Guidance for Standards I–VII
The curriculum’s next section covers Standards I-VII with guidance provided in Reading 30 and Reading 31. The CFAI Curriculum offers numerous case examples and advice on applying the Code and Standards. Candidates receive a downloadable e-book as part of their…
Introduction to the study of the Code of Ethics and Standards of Professional Conduct
Many CFA program candidates find the Code of Ethics and Standards of Professional Conduct challenging, especially if English is their second language, as the exam is always in English. The language in the code and standards can seem complex. Below…
