- CFA Exams
- 2021 Level I
- Study Session 18. Portfolio Management (1)
- Reading 53. Portfolio Risk and Return: Part II
Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
Learning Outcome Statements PDF Download
| 1. Capital Market Theory a. describe the implications of combining a risk-free asset with a portfolio of risky assets; b. explain the capital allocation line (CAL) and the capital market line (CML); | |
| 2. Pricing of Risk and Computation of Expected Return c. explain systematic and nonsystematic risk, including why an investor should not expect to receive additional return for bearing nonsystematic risk; d. explain return generating models (including the market model) and their uses; e. calculate and interpret beta; | |
| 3. The Capital Asset Pricing Model f. explain the capital asset pricing model (CAPM), including its assumptions, and the security market line (SML); g. calculate and interpret the expected return of an asset using the CAPM; | |
| 4. Applications of the CAPM h. describe and demonstrate applications of the CAPM and the SML. |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
My Own Flashcard
No flashcard found. Add a private flashcard for the reading.
Add