Overseeing Risk Related to Equity
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Los 1(a): Describe the roles of equities in the overall portfolio
Los 1(b): Describe how an equity manager’s investment universe can be segmented
Los 1(e): Describe rationales for equity investment across the passive–active spectrum
Los 2(d): Describe and interpret a model for fixed-income returns
Los 3(a): Explain the roles that alternative investments play in multi-asset portfolios
Los 3(e): Discuss suitability considerations in allocating to alternative investments
Los 3(f): Discuss approaches to asset allocation to alternative investments
Los 3(g): Discuss the importance of liquidity planning in allocating to alternative investments
Los 3(h): Discuss considerations in monitoring alternative investment programs
Los 4(a): Contrast private client and institutional client investment concerns
Los 4(b): Discuss information needed in advising private clients
Los 4(c): Identify tax considerations affecting a private client's investments
Los 4(d): Identify and formulate client goals based on client information
Los 4(e): Evaluate a private client's risk tolerance
Los 4(f): Describe technical and soft skills needed in advising private clients
Los 4(g): Evaluate capital sufficiency in relation to client goals
Los 4(h): Discuss the principles of retirement planning
Los 4(i): Discuss the parts of an investment policy statement (IPS) for a private client
Los 4(j): Prepare the investment objectives section of an IPS for a private client
Los 4(k): Recommend and justify portfolio allocations and investments for a private client
Los 4(l): Evaluate and recommend improvements to an IPS for a private client
Los 4(m): Describe effective practices in portfolio reporting and review
Los 4(n): Evaluate the success of an investment program for a private client
Los 4(o): Discuss ethical and compliance considerations in advising private clients
Los 5(a): Discuss common characteristics of institutional investors as a group
Los 5(b): Discuss investment policy of institutional investors
Los 5(f): Evaluate the investment policy statement of an institutional investor
Los 5(i): Describe considerations affecting the balance sheet management of banks and insurers
Los 6(a): Explain the components of execution costs, including explicit and implicit costs
Los 6(b): Calculate and interpret effective spreads and VWAP transaction cost estimates
Los 6(c): Describe the implementation shortfall approach to transaction cost measurement
Los 6(d): Describe factors driving the development of electronic trading systems
Los 6(e): Describe market fragmentation
Los 6(f): Distinguish among types of electronic traders
Los 6(g): Describe characteristics and uses of electronic trading systems
Los 6(h): Describes the comparative advantages of low-latency traders
Los 6(i): Describe the risks associated with electronic trading and how regulators mitigate them
Los 6(j): Describes abusive trading practices that real-time surveillance of markets may detect