E-Book Overview
SCHWESERNOTES™ 2019 LEVEL III CFA® BOOK 1: ETHICAL AND PROFESSIONAL
STANDARDS, THE ASSET MANAGEMENT INDUSTRY AND PROFESSIONALISM, AND
BEHAVIORAL FINANCE
E-Book Content
Contents 1. Welcome to the 2019 Level III SchweserNotes™ 2. Learning Outcome Statements 3. Study Session 1—Code of Ethics and Standards of Professional Conduct 1. Readings 1 & 2: CFA Institute Code of Ethics and Standards of Professional Conduct Guidance for Standards I–VII 1. Exam Focus 2. Module 1.1: Code and Standards 3. Module 2.1: Guidance for Standards I(A) and I(B) 4. Module 2.2: Guidance for Standards I(C) and I(D) 5. Module 2.3: Guidance for Standard II 6. Module 2.4: Guidance for Standards III(A) and III(B) 7. Module 2.5: Guidance for Standards III(C), III(D), and III(E) 8. Module 2.6: Guidance for Standard IV 9. Module 2.7: Guidance for Standard V 10. Module 2.8: Guidance for Standard VI 11. Module 2.9: Guidance for Standard VII 12. Answer Key for Module Quizzes 4. Study Session 2—Ethical and Professional Standards in Practice 1. Reading 3: Application of the Code and Standards 1. Exam Focus 2. Module 3.1: Cases 3. Key Concepts 4. Answer Key for Module Quiz 2. Reading 4: Asset Manager Code of Professional Conduct 1. Exam Focus 2. Module 4.1: The Asset Manager Code 3. Key Concepts 4. Answer Key for Module Quiz 5. Study Session 3—The Asset Management Industry and Professionalism 1. Reading 5: Overview of the Asset Management Industry and Portfolio Management 1. Exam Focus 2. Module 5.1: The Asset Management Industry 3. Module 5.2: The Portfolio Management Process and Investment Governance 4. Key Concepts 5. Answer Key for Module Quiz 2. Reading 6: Professionalism in Investment Management 1. Exam Focus 2. Module 6.1: Establishing Trust, Expectations, and Challenges of Investment Management Professionals 3. Key Concepts
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4. Answer Key for Module Quiz Topic Assessment: Ethical and Professional Standards Topic Assessment Answers: Ethical and Professional Standards Study Session 4—Behavioral Finance 1. Reading 7: The Behavioral Finance Perspective 1. Exam Focus 2. Module 7.1: Intro: Traditional Finance vs. Behavioral Finance 3. Module 7.2: Utility Theory and Prospect Theory 4. Module 7.3: Implications 5. Key Concepts 6. Answer Key for Module Quizzes 2. Reading 8: The Behavioral Biases of Individuals 1. Exam Focus 2. Module 8.1: Cognitive Errors vs. Emotional Biases 3. Module 8.2: Emotional Biases 4. Key Concepts 5. Answer Key for Module Quiz 3. Reading 9: Behavioral Finance and Investment Processes 1. Exam Focus 2. Module 9.1: Classifying Investors 3. Module 9.2: Implications: Clients and Their Portfolios 4. Module 9.3: Implications: Other 5. Key Concepts 6. Answer Key for Module Quizzes Topic Assessment: Behavioral Finance Topic Assessment Answers: Behavioral Finance
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