Risk management is the process by which an organisation or individualdefines the level of risk to be taken,measures the levels of risk being taken, and adjust the latter toward the former, with the goal of maximising the company's or portfolio's value or the individual's overall satisfaction,...
For example, the Portfolio Management exam topic at Level I has lots of LOSs that you’ll need to learn. An example of a CFA LOS for Portfolio Management is “describe mutual funds and compare them with other pooled investment products.”...
Portfolio Management,投资组合管理,这部分内容在CFA一级的考试中占比并不是很大,只占5%左右,但在二级三级的考试中占比不断扩大,三级中甚至达到了45%--55%。所以这门课的学习并不能掉以轻心。 那么,CFA一级考试中,Portfolio Management 讲了些什么呢? 一、Overvie...
风险管理过程寻求 1)识别组织的风险容忍度, 2)识别和度量组织面临的风险,3)修改和监控这些风险。 2. 有效风险管理为的是 maximize expected return for a given level of risk. Describe features of a risk management framework 1. An overall risk management framework encompasses several activities, including:...
5.Relative to an investor with a steeper indifference curve, the optimal portfolio for an investor with a flatter indifference curve will most likely have: A. a lower level of risk and return B. a higher level of risk and return C. the same level of risk and return Answer = B Because...
A、在信息有效市场中,证券价格充分、快速、合理地反映所有可见信息。市场越有效对新信息的反应越快,只有意料外的信息才会吸引投资者。 如果市场是充分有效的,主动管理的投资策略无法长期获得起额收益,应使用被动管理。 B、资产的市场价值是它被买卖的价格。内在价值是投资者基于资产特点的全部认识愿意付出的价格。
从CFA一级的考点分布来看,Portfolio Management(投资组合管理)在考试中占比为7%。不过,这门课作为CFA课程的4大模块之一贯穿于一级,二级,三级的学习中。虽然在一级中占比不大,但随着后续的学习,其比重会逐步增加,特别是在三级中,因为CFA课程最重要的目的是将考生培养成一个合格的投资组合的管理者。虽然这门课非常...
组合管理概述 1、要从组合的视角看问题(CFA中重要的话) 资产组合的风险分散化 2、机构投资者Endowments和Insurance的相同点和不同点(真题) 相同点:投资期限长 不同点:Risk Tolerance : Endowments high ;Insurance low 3、Defined Contribution Pension Plan和Defined Benefit Pension Plan的区别 ...
1.Gross returnrefers to the total return on a security portfolio beforedeductingfees for the management and administration of the investment account.总收益是指证券投资组合在扣除投资账户管理费用之前的总收益。 2.Net returnrefers to the return after these fees have been deducted.净收益是指扣除这些费用...
5.Relativetoaninvestorwithasteeperindifferencecurve,theoptimalportfolioforaninvestorwithaflatterindifferencecurvewillmostlikelyhave: A.alowerlevelofriskandreturn B.ahigherlevelofriskandreturn C.thesamelevelofriskandreturn Answer=B Becausealessrisk-averseinvestor’shighestutility,giventhelowslopeofhisindifference...