{"id":34478,"date":"2023-11-08T16:37:43","date_gmt":"2023-11-08T16:37:43","guid":{"rendered":"https:\/\/analystprep.com\/study-notes\/?p=34478"},"modified":"2024-03-20T11:42:11","modified_gmt":"2024-03-20T11:42:11","slug":"study-notes-for-cfa-level-iii-equity-portfolio-management-offered-by-analystprep","status":"publish","type":"post","link":"https:\/\/analystprep.com\/study-notes\/cfa-level-iii\/study-notes-for-cfa-level-iii-equity-portfolio-management-offered-by-analystprep\/","title":{"rendered":"Study Notes for CFA\u00ae Level III \u2013 Equity Portfolio Management \u2013 offered by AnalystPrep"},"content":{"rendered":"

Reading 23: Overview of Equity Portfolio Management<\/h2>\n

Los 23 a: Describe the roles of equities in the overall portfolio<\/a><\/p>\n

Los 23 b: Describe how an equity manager\u2019s investment universe can be segmented<\/a><\/p>\n

Los 23 c: Describe the types of income and costs associated with owning and managing an equity portfolio and their potential effects on portfolio performance<\/a><\/p>\n

Los 23 d: Describe the potential benefits of shareholder engagement and the role an equity manager might play in shareholder engagement<\/a><\/p>\n

Los 23 e: Describe rationales for equity investment across the passive\u2013active spectrum<\/a><\/p>\n

Reading 24: Passive Equity Investing<\/h2>\n

Los 24 a: Discuss considerations in choosing a benchmark for a passively managed equity portfolio<\/a><\/p>\n

Los 24 b: Compare passive factor-based strategies to market-capitalization-weighted indexing<\/a><\/p>\n

Los 24 c: Compare different approaches to passive equity investing<\/a><\/p>\n

Los 24 d: Compare the full replication, stratified sampling, and optimization approaches for the construction of passively managed equity portfolios<\/a><\/p>\n

Los 24 e: Discuss potential causes of tracking error and methods to control tracking error for passively managed equity portfolios<\/a><\/p>\n

Los 24 f: Explain sources of return and risk to a passively managed equity portfolio<\/a><\/p>\n

Reading 25: Active Equity Investing: Strategies<\/h2>\n

Los 25 a: Compare fundamental and quantitative approaches to active management<\/a><\/p>\n

Los 25 b: Analyze bottom-up active strategies, including their rationale and associated processes<\/a><\/p>\n

Los 25 c: Analyze top-down active strategies, including their rationale and associated processes<\/a><\/p>\n

Los 25 d: Analyze factor-based active strategies, including their rationale and associated processes<\/a><\/p>\n

Los 25 e: Analyze activist strategies, including their rationale and associated processes<\/a><\/p>\n

Los 25 f: Describe active strategies based on statistical arbitrage and market microstructure<\/a><\/p>\n

Los 25 g: Describe how fundamental active investment strategies are created<\/a><\/p>\n

Los 25 h: Describe how quantitative active investment strategies are created<\/a><\/p>\n

Los 25 i: Discuss equity investment style classifications<\/a><\/p>\n

Reading 26: Active Equity Investing: Portfolio Construction<\/h2>\n

Los 26 a: Describe elements of a manager\u2019s investment philosophy that influence the portfolio construction process<\/a><\/p>\n

Los 26 b: Discuss approaches for constructing actively managed equity portfolios<\/a><\/p>\n

Los 26 c: Distinguish between Active Share and Active Risk and discuss how each measure relates to a manager\u2019s investment strategy<\/a><\/p>\n

Los 26 d: Discuss the application of risk budgeting concepts in portfolio construction<\/a><\/p>\n

Los 26 e: Discuss risk measures that are incorporated in equity portfolio construction and describe how limits set on these measures affect portfolio construction<\/a><\/p>\n

Los 26 f: Discuss how assets under management, position size, market liquidity, and portfolio turnover affect equity portfolio construction decisions<\/a><\/p>\n

Los 26 g: Evaluate the efficiency of a portfolio structure given its investment mandate<\/a><\/p>\n

Los 26 h: Discuss the long-only, long extension, long\/short, and equitized market-neutral approaches to equity portfolio construction, including their risks, costs, and effects on potential alphas<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reading 23: Overview of Equity Portfolio Management Los 23 a: Describe the roles of equities in the overall portfolio Los 23 b: Describe how an equity manager\u2019s investment universe can be segmented Los 23 c: Describe the types of income…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[571],"tags":[],"class_list":["post-34478","post","type-post","status-publish","format-standard","hentry","category-cfa-level-iii","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"\nStudy Notes for CFA\u00ae Level III \u2013 Equity Portfolio Management \u2013 offered by AnalystPrep - CFA, FRM, and Actuarial Exams Study Notes<\/title>\n<meta name=\"description\" content=\"Get insights into different approaches, considerations, and methodologies essential for managing equity portfolios effectively.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/analystprep.com\/study-notes\/cfa-level-iii\/study-notes-for-cfa-level-iii-equity-portfolio-management-offered-by-analystprep\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study Notes for CFA\u00ae Level III \u2013 Equity Portfolio Management \u2013 offered by AnalystPrep - 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