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SCHWESERNOTES™ 2019 LEVEL III CFA® BOOK 5: TRADING AND PERFORMANCE
EVALUATION
E-Book Content
Contents 1. Learning Outcome Statements (LOS) 2. Study Session 18—Trading 1. Reading 35: Execution of Portfolio Decisions 1. Exam Focus 2. Module 35.1: Market and Limit Orders 3. Module 35.2: The Effective Spread 4. Module 35.3: Alternative Market Structures and Market Quality 5. Module 35.4: Volume-Weighted Average Price and Implementation Shortfall 6. Module 35.5: Econometric Models and Trading Tactics 7. Module 35.6: Algorithmic Trading 8. Module 35.7: Best Execution 9. Key Concepts 10. Answer Key for Module Quizzes 2. Topic Assessment: Trading 3. Topic Assessment Answers: Trading 3. Study Session 19—Performance Evaluation 1. Reading 36: Evaluating Portfolio Performance 1. Exam Focus 2. Module 36.1: Calculating Return 3. Module 36.2: Data Quality and Decomposing Return 4. Module 36.3: Benchmarks 5. Module 36.4: Macro Attribution 6. Module 36.5: Micro Attribution 7. Module 36.6: Fundamental Factor and Fixed Income Attribution 8. Module 36.7: Risk to Return Analysis 9. Module 36.8: Manager Control 10. Key Concepts 11. Answer Key for Module Quizzes 2. Topic Assessment: Performance Evaluation 3. Topic Assessment Answers: Performance Evaluation 4. Reading 37: Overview of the Global Investment Performance Standards 1. Exam Focus 2. Module 37.1: GIPS Overview 3. Module 37.2: Compliance and Data Requirements 4. Module 37.3: Calculation 5. Module 37.4: Composites 6. Module 37.5: Disclosures 7. Module 37.6: Presentation and Reporting 8. Module 37.7: Real Estate and Private Equity 9. Module 37.8: Wrap Fee/Separately Managed Accounts and Advertising
10. Module 37.9: Verification and After-Tax Reporting 11. Module 37.10: Evaluating a Report 12. Key Concepts 13. Answer Key for Module Quizzes 5. Topic Assessment: Global Investment Performance Standards 6. Topic Assessment Answers: Global Investment Performance Standards 4. Formulas
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LEARNING OUTCOME STATEMENTS (LOS)
STUDY SESSION 18 The topical coverage corresponds with the following CFA Institute assigned reading: 35. Execution of Portfolio Decisions The candidate should be able to: a. compare market orders with limit orders, including the price and execution uncertainty of each. (page 1) b. calculate and interpr