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Contents 1. Learning Outcome Statements (LOS) 2. Reading 39: Private Real Estate Investments 1. Exam Focus 2. Module 39.1: Introduction and Commercial Property Types 3. Module 39.2: Valuation Approaches, Direct Capitalization, and NOI 4. Module 39.3: Valuation Using Stabilized NOI, Multipliers, DCF 5. Module 39.4: Valuation Using Cost Approach and Sales Comparison 6. Module 39.5: Due Diligence, Indices, and Ratios 7. Key Concepts 8. Answer Key For Module Quizzes 3. Reading 40: Publicly Traded Real Estate Securities 1. Exam Focus 2. Module 40.1: Introduction to REOCs and REITs, Structures, Types 3. Module 40.2: REIT Valuation NAVPS 4. Module 40.3: REIT Valuation FFO/AFFO, DCF 5. Key Concepts 6. Answer Key for Module Quizzes 4. Reading 41: Private Equity Valuation 1. Exam Focus 2. Module 41.1: Valuation Issues 3. Module 41.2: Exit Routes, Costs, Risks, and Financial Performance Ratios 4. Module 41.3: Fee and Distribution Calculations 5. Module 41.4: Venture Capital Funding—Single Round 6. Module 41.5: Venture Capital Funding—Multiple Rounds 7. Key Concepts 8. Answer Key for Module Quizzes 5. Reading 42: Introduction to Commodities and Commodity Derivatives 1. Exam Focus 2. Module 42.1: Introduction and Theories of Return 3. Module 42.2: Analyzing Returns and Index Construction 4. Key Concepts 5. Answer Key for Module Quizzes 6. Topic Assessment: Alternative Investments 7. Topic Assessment Answers: Alternative Investments 8. Reading 43: Exchange-Traded Funds: Mechanics and Applications 1. Exam Focus 2. Module 43.1: ETF Mechanics and Tracking Error 3. Module 43.2: Spreads, Pricing Relative to NAV, and Costs 4. Module 43.3: ETF Risks and Portfolio Applications 5. Key Concepts 6. Answer Key for Module Quizzes 9. Reading 44: Using Multifactor Models 1. Exam Focus 2. Module 44.1: Multifactor Models 3. Module 44.2: Macroeconomic Factor Models, Fundamental Factor Models, and Statistical Factor Models 4. Module 44.3: Multifactor Model Risk and Return
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5. Key Concepts 6. Answer Key for Module Quizzes Reading 45: Measuring and Managing Market Risk 1. Exam Focus 2. Module 45.1: Value at Risk (VaR) 3. Module 45.2: Using VaR 4. Module 45.3: Sensitivity and Scenario Risk Measures 5. Module 45.4: Applications of Risk Measures 6. Module 45.5: Constraints and Capital Allocation Decisions 7. Key Concepts 8. Answer Key for Module Quizzes Reading 46: Economics and Investment Markets 1. Exam Focus 2. Module 46.1: Valuation and Interest Rates 3. Module 46.2: The Business Cycle 4. Key Concepts 5. Answer Key for Module Quizzes Reading 47: Analysis of Active Portfolio Management 1. Exam Focus 2. Module 47.1: Value Added by Active Management 3. Module 47.2: The Information Ratio vs. the Sharpe Ratio 4. Module 47.3: The Fundamental Law 5. Module 47.4: Active Management 6. Key Concepts 7. Answer Key for Module Quizzes Reading 48: Trading Costs and Electronic Markets 1. Exam Focus 2. Module 48.1: Explicit and Implicit Trading Costs 3. Module 48.2: Electronic Trading Systems 4. Module 48.3: Characteristics and Uses of Electronic Trading Systems 5. Module 48.4: Risks and Surveillance of Electronic Trading Systems 6. Key Concepts 7. Answer Key for Module Quizzes Topic Assessment: Portfolio Management Topic Assessment Answers: Portfolio Management Formulas Copyright
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