IMPORTANTNOTICE FORTHOSEWHOPLANSTOTAKECFALEVEL2 EXAMIN2022!

Wewill not be updating this course to the 2022 CFALevel 2 syllabus. Please do not purchase this course if you are taking the CFALevel 2 exam in 2022.

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Prepare for the CFALevel 2 examin 2021 with 100% confidence! The course covers the Portfolio Management syllabus in detail so you will have a complete understanding when tackling this section in the exam. After you grasp the concepts, try out a lot of questions (from the Learning Ecosystem and End of Chapter questions) to increase your mastery of the readings.

AFTERGOINGTHROUGHTHISCOURSE, YOUDONOTHAVETOSTUDYFROMTHETEXTBOOKANYMORE (ORANYOTHERSOURCE)!

Exam Weight:10% - 15%

This course will prepare you to ace the Portfolio Management topic area in the CFALevel 2 syllabus. Don't fall behind the bell curve while others are going all in their studies.

At the end of this course, students should be able to:

• explain the creation and redemption process of ETFs, how ETFs are traded on secondary markets, costs of owning ETFs, types of ETF risk and the portfolio uses of ETFs

• describe Arbitrage Pricing Theory(APT), macroeconomic factor models, fundamental factor models, statistical factor models, active risk/tracking risk, interpret information ratio

• explain the use of Value at Risk (VaR)in portfolio risk measurement; compare parametric, historical simulation, and MonteCarlo VaR; describe extensions of VaR, sensitivity risk measures, scenario risk measures

• explain how market values are affected by changes in default-free interest rates across maturities, timing and/or magnitude of expected future cash flows, and risk premiums

• state and interpret fundamental law of active portfolio management and its components (transfer coefficient, information coefficient, breadth, and active risk)

• explain the components of execution costs (explicit and implicit); describe the implementation shortfall approach; market fragmentation; types of electronic traders; low-latency traders; risks associated with electronic trading; abusive trading practices

What We Cover in this Course:

• Exchange-Traded Funds: Mechanics and Applications

• Using Multifactor Models

• Measuring and Managing Market Risk

• Economics and Investment Markets

• Analysis of Active Portfolio Management

• Trading Costs and Electronic Markets

  
  

What you will get by buying this course is:

• detailed coverage of the syllabus, taught by our seasoned instructors of the CFAProgram.

• support in the Q&Aforum (course-related questions) from our instructors.

• the confidence to nail this topic in the exam!