CFA Level 3
Syllabus
MODULE 1
Asset Allocation
| Chapter | Topics |
|---|---|
| 1 | Capital Market Expectations, Part 1: Framework and Macro Considerations |
| 2 | Capital Market Expectations, Part 2: Forecasting Asset Class Returns |
| 3 | Overview of Asset Allocation |
| 4 | Principles of Asset Allocation |
| 5 | Asset Allocation with Real-World Constraints |
MODULE 2
Portfolio Construction
| Chapter | Topics |
|---|---|
| 1 | Overview of Equity Portfolio Management |
| 2 | Overview of Fixed-Income Portfolio Management |
| 3 | Asset Allocation to Alternative Investments |
| 4 | An Overview of Private Wealth Management |
| 5 | Portfolio Management for Institutional Investors |
| 6 | Trading Costs and Electronic Markets |
| 7 | Case Study in Portfolio Management: Institutional |
MODULE 3
Performance Measurement
| Chapter | Topics |
|---|---|
| 1 | Portfolio Performance Evaluation |
| 2 | Investment Manager Selection |
| 3 | Overview of the Global Investment Performance Standards |
MODULE 4
Derivatives and Risk Management
| Chapter | Topics |
|---|---|
| 1 | Option Strategies |
| 2 | Swaps, Forwards, and Futures Strategies |
| 3 | Currency Management: An Introduction |
MODULE 5
Ethical and Professional Standards
| Chapter | Topics |
|---|---|
| 1 | Code of Ethics and Standards of Professional Conduct |
| 2 | Guidance for Standards I-VII |
| 3 | Application of the Code and Standards: Level III |
| 4 | Asset Manager Code of Professional Conduct |