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Alternative Investments
Description: This section focuses on managing alternative investments within a portfolio, including real estate, private equity, and commodities.
Derivatives & Currency Mgmt
Description: This section covers the use of derivatives in portfolio management and strategies for managing currency exposure.
Equity Portfolio Management
Description: This section covers strategies and techniques for managing equity portfolios, including active and passive approaches.
Ethical and Professional Standards
Description: This section emphasizes the application of ethical principles and professional standards in portfolio management and compliance.
Fixed Income Portfolio Management
Description: This section focuses on managing fixed income portfolios, including strategies, immunization techniques, and risk considerations.
Portfolio Management and Wealth Planning
Description: This core section covers portfolio management concepts, including asset allocation, risk management, and strategies for individual and institutional investors.
Dive Deeper into Exam Categories
Alternative Investments Categories
Investing in commodities and related derivatives.
- Commodity Futures:Using futures contracts for exposure.
- Commodity Indices:Investing via commodity index products.
- Physical Commodities:Investing in tangible commodities.
- Risk and Return:Characteristics of commodity investments.
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Investing in real estate assets and securities.
- Direct Investment:Ownership of physical properties.
- REITs:Real Estate Investment Trusts.
- Risk Considerations:Risks unique to real estate investing.
- Valuation Methods:Income, sales comparison, cost approaches.
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Derivatives & Currency Mgmt Categories
Strategies for managing currency risk in portfolios.
- Currency Hedging:Techniques to hedge currency exposure.
- Currency Overlay:Separating currency management from asset allocation.
- Currency Risk Factors:Understanding factors affecting currency risk.
- Strategic vs Tactical:Long-term vs short-term currency decisions.
Using derivatives to achieve investment objectives.
- Futures and Forwards:Managing exposure with futures and forwards.
- Hedging Strategies:Reducing risk exposure.
- Option Strategies:Income generation and speculation.
- Swap Strategies:Using swaps for asset allocation.
Equity Portfolio Management Categories
Approaches and considerations in active equity management.
- Behavioral Considerations:Impact of investor behavior on markets.
- Fundamental Strategies:Value, growth, and GARP investing.
- Market Anomalies:Exploiting inefficiencies in the market.
- Quantitative Strategies:Using quantitative models for stock selection.
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Behavioral Biases in Active Equity Investing Medium Evaluating Market Anomalies in Active Equity Investing Medium Considerations for Quantitative Equity Strategies Medium Advantages and Drawbacks of Quantitative Strategies in Active Equity Investing Very Easy Evaluating Quantitative Equity Strategy Performance Easy
Strategies and techniques for passive equity management.
- Exchange-Traded Funds:Using ETFs in passive investing.
- Index Construction:Methods of building equity indices.
- Replication Methods:Full replication, sampling, optimization.
- Tracking Error:Measuring deviation from benchmark.
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Understanding and Minimizing Tracking Error in Passive Equity Investing Medium Replication Methods in Passive Equity Investing Medium Understanding Tracking Error in Passive Equity Investing Easy Understanding ETF Benefits in Passive Equity Investing Medium Advantages of ETFs in Passive Equity Investing Very Easy
Ethical and Professional Standards Categories
Understanding the Asset Manager Code and its application.
- Investment Process:Ensuring a fair investment process.
- Loyalty to Clients:Prioritizing client interests.
- Performance Reporting:Accurate and transparent reporting.
- Risk Management:Implementing effective risk controls.
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Ethical Performance Reporting under the Asset Manager Code Easy The Importance of a Structured Investment Process in Asset Management Very Easy Investment Process Compliance with the Asset Manager Code Medium Ethical Performance Reporting under the Asset Manager Code Very Hard Duty of Loyalty in Asset Management Decisions Hard
Applying the Code and Standards to portfolio management scenarios.
- Duties to Clients:Responsibilities towards clients.
- Integrity of Capital Markets:Maintaining market integrity.
- Investment Analysis:Ethics in investment analysis.
- Professionalism:Standards related to professionalism.
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Ethical Investment Dilemma for Portfolio Manager Hard Ethical Decision on Vendor Research and Political Contributions Medium Ethical Considerations in Client Investment Recommendations Easy Ethical Dilemma of Non-Public Information Access Very Easy Ethical Decision-Making: Handling Material Non-Public Information Medium
Fixed Income Portfolio Management Categories
Strategies focused on meeting liabilities and tracking benchmarks.
- Cash Flow Matching:Matching asset and liability cash flows.
- Duration Matching:Aligning portfolio duration with liabilities.
- Immunization:Techniques to immunize portfolios.
- Indexing:Replicating fixed income indices.
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Liability-Driven Investing and Indexing Medium Understanding Duration Matching in Fixed Income Strategies Very Easy Liability-Driven Strategies: Duration Matching in a Pension Fund Medium Evaluating Cash Flow Matching in Liability-Driven Strategies Hard Evaluating Fixed Income Indexing for Liability-Driven Investing Hard
Strategies and considerations in managing fixed income portfolios.
- Credit Strategies:Assessing and managing credit risk.
- Interest Rate Risk:Managing duration and convexity.
- Liquidity Management:Ensuring adequate liquidity.
- Yield Curve Strategies:Positioning along the yield curve.
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Liquidity Management in Fixed Income Portfolios Easy Yield Curve Strategies in a Flattening Environment Very Hard Identifying Effective Yield Curve Strategies Very Hard Effective Strategy to Reduce Interest Rate Risk in Fixed Income Portfolio Hard Liquidity Management in Fixed Income Portfolios Very Easy
Portfolio Management and Wealth Planning Categories
Developing and implementing asset allocation strategies.
- Asset Allocation Implementation:Practical considerations and constraints.
- Global Integration:Allocating assets across global markets.
- Strategic Asset Allocation:Long-term allocation decisions.
- Tactical Asset Allocation:Short-term adjustments based on market conditions.
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Strategic Asset Allocation Adjustment for Volatile Markets Very Hard Integrating Global Economic Conditions into Asset Allocation Hard Strategic Asset Allocation for a Pre-Retirement Client Easy Tactical Asset Allocation in Response to Market Volatility Very Hard Assessing Value of Global Asset Integration Medium
Understanding how psychology affects investment decisions.
- Applications in Wealth Management:Tailoring strategies to client biases.
- Behavioral Portfolio Theory:Alternative portfolio construction.
- Cognitive Errors:Biases affecting decision-making.
- Emotional Biases:Impact of emotions on investments.
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Impact of Emotional Biases on Investment Decisions Easy Applying Behavioral Portfolio Theory to Client Investment Decisions Medium Behavioral Portfolio Decision for Investment Goals Very Hard Cognitive Errors in Portfolio Management Very Hard Cognitive Errors and Their Impact on Family Investment Decisions Hard
Analyzing economic conditions to set market expectations.
- Business Cycle Analysis:Impact of economic cycles on investments.
- Capital Market Expectations:Setting return expectations.
- Forecasting Tools:Models for economic forecasting.
- Macro Analysis:Assessing global economic trends.
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Managing portfolios for institutional clients.
- Foundations and Endowments:Investment strategies for non-profits.
- Insurance Companies:Portfolio considerations for insurers.
- Pension Funds:Managing pension assets.
- Sovereign Wealth Funds:Government investment management.
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Investment Objectives of Environmental Foundations Very Easy Optimizing Fixed Income Portfolio Duration for Pension Funds Medium Understanding Sovereign Wealth Funds' Characteristics Easy Duration Risk Management in Insurance Companies Easy Revising Investment Strategy for GHI Pension Fund Very Hard
Assessing and attributing portfolio performance.
- Attribution Analysis:Breaking down performance sources.
- Benchmarking:Selecting appropriate benchmarks.
- Performance Appraisal:Evaluating investment decisions.
- Risk-Adjusted Performance:Metrics like Sharpe and Information ratios.
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Understanding Attribution Analysis in Portfolio Performance Evaluation Easy Evaluating Benchmark Suitability for Client Portfolio Medium Evaluating Risk-Adjusted Performance Metrics Easy Understanding Positive Alpha in Performance Evaluation Very Easy Choosing an Appropriate Benchmark for Performance Evaluation Easy
Strategies for managing individual investor portfolios.
- Behavioral Factors:Incorporating client behaviors.
- Estate Planning:Transferring wealth efficiently.
- Investment Policy Statement:Creating IPS for individuals.
- Tax Considerations:Tax impacts on investment decisions.
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Minimizing Tax Liability Through Investment Strategies Very Easy Developing a Comprehensive IPS for a Moderate Risk Profile with SRI Focus Very Hard Tax Considerations for Wealth Transfer Hard Understanding Key Estate Planning Documents Very Easy Estate Planning Strategies for a High-Net-Worth Individual Easy
Identifying, measuring, and managing risks in portfolios.
- Credit Risk Management:Handling credit exposure.
- Derivatives in Risk Management:Using derivatives to manage risk.
- Managing Market Risk:Strategies to mitigate market risk.
- Measuring Risk:Quantitative risk measures.
Executing trades and maintaining portfolio alignment.
- Execution Strategies:Methods of trade execution.
- Portfolio Monitoring:Ongoing assessment of portfolio.
- Rebalancing Strategies:Approaches to maintain asset allocation.
- Transaction Costs:Understanding and minimizing costs.
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And more! Questions and categories are updated monthly to keep you ahead.
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