Details

CFA Program Curriculum 2020 Level III, Volumes 1 - 6


CFA Program Curriculum 2020 Level III, Volumes 1 - 6


CFA Curriculum 2020 1. Aufl.

von: CFA Institute

230,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 09.08.2019
ISBN/EAN: 9781119593645
Sprache: englisch

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

<p><b>All CFA</b><b><sup>®</sup> Program exams through November 2021 will reflect the 2020 curriculum. Purchase your copy and begin studying for Level III now!</b></p> <p>The <i>CFA</i><i><sup>®</sup> Program Curriculum 2020 Level III Box Set </i>provides candidates and other motivated investment professionals with the official curriculum tested on the Level III CFA exam. This box set covers all the content Chartered Financial Analyst<sup>®</sup> candidates are expected to know for the Level III exam, including essential instruction on the 10 core topics in the Candidate Body of Knowledge (CBOK).</p> <p>The Level III CFA<sup>®</sup> Program Curriculum is designed to help candidates synthesize the skills explored in Levels I and II, so you can develop a detailed, professional response to a variety of real-world scenarios analysts face in the industry. Successful Level III CFA<sup>®</sup> candidates will be able to facilitate effective portfolio and wealth management strategies using the content covered in this set.</p> <p>The <i>CFA<sup>®</sup> Program Curriculum 2020 Level III Box Set </i>provides a rigorous treatment of portfolio management and is organized into individual study sessions with clearly defined Learning Outcome Statements. You will:</p> <ul> <li>Master essential portfolio management and compliance topics</li> <li>Synthesize your understanding into professional guidance</li> <li>Reinforce your grasp of complex analysis and valuation</li> <li>Apply ethical and professional standards in the context of real-world cases</li> </ul> <p>Perfect for anyone considering the CFA<sup>®</sup> designation or currently preparing for a 2021 exam window, the 2020 Level III Box Set is a must-have resource for applying the skills required to become a Chartered Financial Analyst<sup>®</sup>.</p>
<p>How to Use the CFA Program Curriculum vii</p> <p>Curriculum Development Process vii</p> <p>Organization of the Curriculum viii</p> <p>Features of the Curriculum viii</p> <p>Designing Your Personal Study Program ix</p> <p>Feedback xi</p> <p><b>Ethical and Professional Standards</b></p> <p><b>Study Session 1 Ethical and Professional Standards (1) 3</b></p> <p><b>Reading 1 Code of Ethics and Standards of Professional Conduct 5</b></p> <p>Preface 5</p> <p>Evolution of the CFA Institute Code of Ethics and Standards of</p> <p>Professional Conduct 6</p> <p><i>Standards of Practice Handbook </i>6</p> <p>Summary of Changes in the Eleventh Edition 7</p> <p>CFA Institute Professional Conduct Program 9</p> <p>Adoption of the Code and Standards 10</p> <p>Acknowledgments 10</p> <p>Ethics and the Investment Industry 11</p> <p>Why Ethics Matters 11</p> <p>CFA Institute Code of Ethics and Standards of Professional Conduct 15</p> <p>Preamble 15</p> <p>The Code of Ethics 15</p> <p>Standards of Professional Conduct 16</p> <p><b>Reading 2 Guidance for Standards I–VII 21</b></p> <p>Standard I: Professionalism 21</p> <p>Standard I(A) Knowledge of the Law 21</p> <p>Guidance 21</p> <p>Recommended Procedures for Compliance 26</p> <p>Application of the Standard 27</p> <p>Standard I(B) Independence and Objectivity 30</p> <p>Guidance 30</p> <p>Recommended Procedures for Compliance 35</p> <p>Application of the Standard 36</p> <p>Standard I(C) Misrepresentation 43</p> <p>Guidance 43</p> <p>Recommended Procedures for Compliance 46</p> <p>Application of the Standard 48</p> <p>Standard I(D) Misconduct 53</p> <p>Guidance 53</p> <p>Recommended Procedures for Compliance 54</p> <p>Application of the Standard 54</p> <p>Standard II: Integrity of Capital Markets 56</p> <p>Standard II(A) Material Nonpublic Information 56</p> <p>Guidance 56</p> <p>Recommended Procedures for Compliance 60</p> <p>Application of the Standard 63</p> <p>Standard II(B) Market Manipulation 68</p> <p>Guidance 68</p> <p>Application of the Standard 69</p> <p>Standard III: Duties to Clients 73</p> <p>Standard III(A) Loyalty, Prudence, and Care 73</p> <p>Guidance 73</p> <p>Recommended Procedures for Compliance 77</p> <p>Application of the Standard 78</p> <p>Standard III(B) Fair Dealing 82</p> <p>Guidance 82</p> <p>Recommended Procedures for Compliance 84</p> <p>Application of the Standard 86</p> <p>Standard III(C) Suitability 90</p> <p>Guidance 90</p> <p>Recommended Procedures for Compliance 93</p> <p>Application of the Standard 94</p> <p>Standard III(D) Performance Presentation 97</p> <p>Guidance 97</p> <p>Recommended Procedures for Compliance 98</p> <p>Application of the Standard 98</p> <p>Standard III(E) Preservation of Confidentiality 101</p> <p>Guidance 101</p> <p>Recommended Procedures for Compliance 103</p> <p>Application of the Standard 103</p> <p>Standard IV: Duties to Employers 105</p> <p>Standard IV(A) Loyalty 105</p> <p>Guidance 105</p> <p>Recommended Procedures for Compliance 109</p> <p>Application of the Standard 109</p> <p>Standard IV(B) Additional Compensation Arrangements 116</p> <p>Guidance 116</p> <p>Recommended Procedures for Compliance 116</p> <p>Application of the Standard 116</p> <p>Standard IV(C) Responsibilities of Supervisors 118</p> <p>Guidance 118</p> <p>Recommended Procedures for Compliance 120</p> <p>Application of the Standard 122</p> <p>Standard V: Investment Analysis, Recommendations, and Actions 126</p> <p>Standard V(A) Diligence and Reasonable Basis 126</p> <p>Guidance 126</p> <p>Recommended Procedures for Compliance 130</p> <p>Application of the Standard 130</p> <p>Standard V(B) Communication with Clients and Prospective Clients 137</p> <p>Guidance 138</p> <p>Recommended Procedures for Compliance 140</p> <p>Application of the Standard 141</p> <p>Standard V(C) Record Retention 146</p> <p>Guidance 146</p> <p>Recommended Procedures for Compliance 147</p> <p>Application of the Standard 148</p> <p>Standard VI: Conflicts of Interest 149</p> <p>Standard VI(A) Disclosure of Conflicts 149</p> <p>Guidance 149</p> <p>Recommended Procedures for Compliance 152</p> <p>Application of the Standard 152</p> <p>Standard VI(B) Priority of Transactions 157</p> <p>Guidance 157</p> <p>Recommended Procedures for Compliance 158</p> <p>Application of the Standard 160</p> <p>Standard VI(C) Referral Fees 162</p> <p>Guidance 162</p> <p>Recommended Procedures for Compliance 162</p> <p>Application of the Standard 162</p> <p>Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate 165</p> <p>Standard VII(A) Conduct as Participants in CFA Institute Programs 165</p> <p>Guidance 165</p> <p>Application of the Standard 167</p> <p>Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program 170</p> <p>Guidance 170</p> <p>Recommended Procedures for Compliance 172</p> <p>Application of the Standard 173</p> <p>Practice Problems 175</p> <p>Solutions 185</p> <p><b>Study Session 2 Ethical and Professional Standards (2) 193</b></p> <p><b>Reading 3 Application of the Code and Standards 195</b></p> <p>Introduction 195</p> <p>The Consultant 196</p> <p>Mark Vernley 196</p> <p>The Consulting Contract 197</p> <p>Evaluation of the Situation 197</p> <p>Pearl Investment Management (A) 200</p> <p>Knowledge of the Law and Obligation to Obey 201</p> <p>Responsibilities of Supervisors 202</p> <p>Trading for Personal Accounts 202</p> <p>Maintaining Confidential Client Information 203</p> <p>Pearl Investment Management (B) 203</p> <p>Responsibility of Candidates to Comply with the Code and Standards 204</p> <p>Dealing with Clients 204</p> <p>Errors in Client Accounts 205</p> <p>Pearl Investment Management (C) 206</p> <p>Proper Care and Independent Judgment 207</p> <p>Use of Insider Information 208</p> <p>Using the Research of Others 209</p> <p>Reasonable Basis for a Research Opinion 209</p> <p>Relevant Factors and Fact versus Opinion in Research Reports 209</p> <p>Misrepresentation of Services and Performance Presentation 210</p> <p>Practice Problems 211</p> <p>Solutions 228</p> <p><b>Reading 4 Asset Manager Code of Professional Conduct 235</b></p> <p>Introduction 235</p> <p>Adopting the Code and Claiming Compliance 237</p> <p>Acknowledgement of Claim of Compliance to CFA Institute 237</p> <p>General Principles of Conduct 237</p> <p>Asset Manager Code of Professional Conduct 238</p> <p>Loyalty to Clients 238</p> <p>Investment Process and Actions 238</p> <p>Trading 238</p> <p>Risk Management, Compliance, and Support 239</p> <p>Performance and Valuation 239</p> <p>Disclosures 239</p> <p>Appendix 6—Recommendations and Guidance 240</p> <p>Loyalty to Clients 240</p> <p>Investment Process and Actions 241</p> <p>Trading 244</p> <p>Risk Management, Compliance, and Support 246</p> <p>Performance and Valuation 250</p> <p>Disclosures 251</p> <p>Practice Problems 255</p> <p>Solutions 260</p> <p><b>Portfolio Management</b></p> <p><b>Study Session 3 The Asset Management Industry and Professionalism 265</b></p> <p><b>Reading 5 Overview of the Asset Management Industry and Portfolio</b></p> <p><b>Management 267</b></p> <p>Introduction 267</p> <p>The Asset Management Industry 268</p> <p>Industry Overview 268</p> <p>Active versus Passive Management 269</p> <p>Traditional versus Alternative Asset Managers 270</p> <p>Ownership Structure 271</p> <p>Asset Management Clients 271</p> <p>Major Investment Products 275</p> <p>Asset Management Industry Trends 278</p> <p>The Portfolio Management Process 281</p> <p>Fundamentals of Investment Governance 283</p> <p>Governance Structures 284</p> <p>Articulating Investment Objectives 284</p> <p>Allocation of Rights and Responsibilities 285</p> <p>Investment Policy Statement 287</p> <p>Asset Allocation and Rebalancing Policy 288</p> <p>Reporting Framework 288</p> <p>The Governance Audit 288</p> <p>Summary 291</p> <p><b>Reading 6 Professionalism in Investment Management 293</b></p> <p>Introduction 293</p> <p>Professions 294</p> <p>How Professions Establish Trust 294</p> <p>Professions Are Evolving 296</p> <p>Professionalism in Investment Management 296</p> <p>Trust in Investment Management 297</p> <p>CFA Institute as an Investment Management Professional Body 298</p> <p>Expectations of Investment Management Professionals 299</p> <p>Challenges for Investment Management Professionals 300</p> <p>Summary 301</p> <p>Practice Problems 303</p> <p>Solutions 304</p> <p>Glossary G-1</p> <p>Index I-1</p>
<b>CFA Institute</b> is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 155,000 members in 165 countries and territories, including 150,000 CFA® charterholders, and 148 member societies. For more information, visit www.cfainstitute.org.

Diese Produkte könnten Sie auch interessieren:

Mentorship Unlocked
Mentorship Unlocked
von: Janice Omadeke
PDF ebook
21,99 €
Mentorship Unlocked
Mentorship Unlocked
von: Janice Omadeke
EPUB ebook
24,18 €
Mindfulness
Mindfulness
von: Gill Hasson
PDF ebook
12,99 €