Cfa 2019 Schweser - Level 3 Schwesernotes Book 4: Equity Portfolio Management, Alternative Investments, Risk Management, And Derivatives

Contents 1. Learning Outcome Statements (LOS) 2. Study Session 13—Equity Portfolio Management 1. Reading 26: Introduction to Equity Portfolio Management 1. Exam Focus 2. Module 26.1: Equity Investment Roles 3. Module 26.2: Portfolio Income and Costs, Shareholder Engagement, Passive/Active Management 4. Key Concepts 5. Answer Key for Module Quizzes 2. Reading 27: Passive Equity Investing 1. Exam Focus 2. Module 27.1: Benchmarks 3. Module 27.2: Approaches to Passive Investing 4. Module 27.3: Tracking Error, Return and Risk 5. Key Concepts 6. Answer Key for Module Quizzes 3. Study Session 14—Active Equity Investing 1. Reading 28: Active Equity Investing 1. Exam Focus 2. Module 28.1: Fundamental vs. Quantitative Approaches 3. Module 28.2: Types of Active Management Strategies 4. Module 28.3: Other Strategies 5. Module 28.4: Equity Investment Style Classification 6. Key Concepts 7. Answer Key for Module Quizzes 2. Reading 29: Active Equity Investing: Portfolio Construction 1. Exam Focus 2. Module 29.1: Building Blocks of Active Equity Portfolio Construction 3. Module 29.2: Active Share and Active Risk 4. Module 29.3: Allocating the Risk Budget 5. Module 29.4: Implicit Cost-Related Considerations in Portfolio Construction 6. Module 29.5: The Well-Constructed Portfolio 7. Key Concepts 8. Answer Key for Module Quizzes 4. Topic Assessment: Equity Portfolio Management 5. Topic Assessment Answers: Equity Portfolio Management 6. Study Session 15—Alternative Investments Portfolio Management 1. Reading 30: Alternative Investments Portfolio Management 1. Exam Focus 2. Module 30.1: Overview 3. Module 30.2: Real Estate 7. 8. 9. 10. 11. 12. 4. Module 30.3: Private Equity 5. Module 30.4: Hedge Funds 6. Module 30.5: Commodities and Managed Futures 7. Module 30.6: Distressed Securities 8. Key Concepts 9. Answer Key for Module Quizzes Topic Assessment: Alternative Investments Portfolio Management Topic Assessment Answers: Alternative Investments Portfolio Management Study Session 16—Risk Management 1. Reading 31: Risk Management 1. Exam Focus 2. Module 31.1: Risk Management 3. Module 31.2: Value at Risk (VaR) 4. Module 31.3: Credit Risk 5. Module 31.4: Managing the Risks and Assessing Results 6. Key Concepts 7. Answer Key for Module Quizzes Topic Assessment: Risk Management Topic Assessment Answers: Risk Management Study Session 17—Risk Management Applications of Derivatives 1. Reading 32: Risk Management Applications of Forward and Futures Strategies 1. Exam Focus 2. Module 32.1: Hedging With Futures and Forwards 3. Module 32.2: More Application 4. Module 32.3: Synthetic Positions 5. Module 32.4: Hedging Currency 6. Key Concepts 7. Answer Key for Module Quizzes 2. Reading 33: Risk Management Applications of Option Strategies 1. Exam Focus 2. Module 33.1: Option Basics 3. Module 33.2: Spread Strategies 4. Module 33.3: More Spread Strategies 5. Module 33.4: Interest Rate Options and EAR 6. Module 33.5: Interest Rate Caps, Floors, and Collars 7. Module 33.6: Delta Hedging 8. Key Concepts 9. Answer Key for Module Quizzes 3. Reading 34: Risk Management Applications of Swap Strategies 1. Exam Focus 2. Module 34.1: Using Interest Rate Swaps 3. Module 34.2: Using Currency Swaps 4. Module 34.3: Equity Swaps 5. Module 34.4: Using Swaptions 6. Key Concepts 13. 14. 15. 16. 7. Answer Keys for Module Quizzes Topic Assessment: Risk Management Applications of Derivatives Topic Assessment Answers: Risk Management Applications of Derivatives Formulas Appendix List of pages 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. ii vi vii viii ix x 1 2 3 4 5 6