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    • PORTFOLIO MANAGEMENT, ETHICAL AND PROFESSIONAL STANDARDS
    • CFA® Program Curriculum 2024 • LEVEL 1 • VOLUME 6
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    • ISBN 978-1-953337-54-2 (paper)
    • ISBN 978-1-953337-28-3 (ebook)
    • May 2023
    • How to Use the CFA Program Curriculum
    • Designing Your Personal Study Program
    • CFA Institute Learning Ecosystem (LES)
    • Portfolio Management
    • Learning Module 1 Portfolio Management: An Overview
    • Portfolio Perspective
      Diversification and Risk Reduction
    • Historical Example of Portfolio Diversification: Avoiding Disaster
    • Portfolios
      Reduce Risk
    • Portfolio Perspective
      Risk-Return Trade-off, Downside Protection, Modern Portfolio Theory
    • Historical Portfolio Example: Not Necessarily Downside Protection
    • Portfolios
      Modern Portfolio Theory
    • Steps in the Portfolio Management Process
      • The Planning Step
      • The Execution Step
      • The Feedback Step
    • Types of Investors
      • Individual Investors
      • Institutional Investors
    • The Asset Management Industry
    • Active versus Passive Management
      • Traditional versus Alternative Asset Managers
      • Ownership Structure
    • Asset Management Industry Trends
    • Pooled Interest
      Mutual Funds
    • Type of Mutual Funds
      • Money Market Funds
      • Bond Mutual Funds
      • Stock Mutual Funds
      • Hybrid/Balanced Funds
    • Pooled Interest

      Other Investment Products
    • Other Investment Products
      • Exchange-Traded Funds
      • Hedge Funds
      • Private Equity and Venture Capital Funds
    • Practice Problems
    • Learning Module 2 Basics of Portfolio Planning and Construction
    • The Investment Policy Statement
      Major Components of an IPS
    • IPS Risk and Return Objectives
      • Return Objectives
    • IPS Constraints
      • Liquidity Requirements
      • Time Horizon
      • Tax Concerns
      • Legal and Regulatory Factors
      • Unique Circumstances and ESG Considerations
    • Gathering Client Information
    • Portfolio Construction and Capital Market Expectations
      Capital Market Expectations
    • Portfolio Construction Principles
      • New Developments in Portfolio Management
    • Learning Module 3 The Behavioral Biases of Individuals
    • Behavioral Bias Categories
      • Cognitive Errors
      • Belief Perseverance Biases
      • Processing Errors
      • Emotional Biases