CFA一級考綱對比
　　1. 一級主要變動部分為財務報表、投資組合管理和固定收益部分，具體如下：
　　1.1. 財務報表分析部分
　　1.1.1. SS9 R29. INVENTORIES原考綱的考點c&d合并為16年新考綱的c
　　1.1.2. SS7 R23. FINANCIAL REPORTINGMECHANICS新增考點a describe how business activities are classified for financialreporting purposes;
　　1.1.3. SS9 R31. INCOME TAX 修改內(nèi)容：知識點h將compare a company’s deferred tax items改成了explain recognition and measurement of current and deferredtax items;
　　1.2.投資組合管理部分
　　1.2.1. SS12 新增整個章節(jié)R 42. RISK MANAGEMENT: ANINTRODUCTION
　　1.2.2. SS15 R 55. INTRODUCTION TO ASSET-BACKEDSECURITIES 新增考點e including mortgage pass-through securities andcollateralized mortgage obligations
　　1.3. 固定收益部分
　　1.3.1. SS16 R57 FUNDAMENTALS OF CREDITANALYSIS新增考點b describe defaultprobability and loss severity as components of creditrisk
　　1.3.2. SS15 R55原考點e explain the motivation for creating securitized structures withmultiple tranches(e.g., collateralized mortgage obligations), andthe characteristics and risks of securitizedstructures.整個刪除
　　1.4. 其他類投資部分
　　1.4.1. SS18 R 61 INTRODUCTION TO ALTERNATIVEINVESTMENTS考點d &f都添加了describe infrastructure
　　CFA二級考綱對比
　　2. 二級*5的變動部分為投資組合管理，具體如下：
　　2.1. 投資組合管理部分，新考綱中增加3個章節(jié)刪除3個章節(jié)，改動之后Portfolio Management一共有4個章節(jié)，新增分別為Reading 53 An Introduction toMultifactor Models，Reading 54 Analysis of ActivePortfolio Management 和Reading 55 Economics and InvestmentMarkets，對應得，刪除了原考綱中的Reading 53 PortfolioConcepts，Reading 54 Residual Risk and Return:The Information Ratio和Reading 55 The Fundamental Law ofActive Management。
　　2.2. 數(shù)量部分增加1個章節(jié)Reading 12 Excerpt from“Probabilistic Approaches: Scenario Analysis, Decision Trees, andSimulations”現(xiàn)有4個章節(jié)
　　2.3. 固定收益部分
　　2.3.1. 增加一個考點，考點出現(xiàn)在Reading 43 The Term Structure and InterestRate Dynamics，考點為describe how zero-coupon rates (spotrates) may be obtained from the par curve bybootstrapping。
　　2.3.2. 刪除一個考點，考點出現(xiàn)在Reading 45 Valuation and Analysis: Bondswith Embedded Options，考點為calculate the value of a capped orfloored floating-rate bond。
　　CFA三級考綱對比
　　3. 三級內(nèi)容改動不是很大，但是部分章節(jié)進行了微調(diào)和合并，具體改變?nèi)缦拢?/div>
　　3.1. Ethics 部分
　　3.1.1. SS 2 R4新增內(nèi)容a. explain the purpose of the AssetManager Code and the benefits that may accrue to a firm that adoptsthe Code
　　3.1.2. SS2 R3 Application of the Code andStandards Ethics case合并了2015年的Reading 3 The Consultant EthicsCases和Reading 4 Pearl InvestmentManagement(A),(B),and(C) Ethics Cases
　　3.2. Asset Allocation and Related Decisions inPortfolio Management部分
　　3.2.1. SS 9 R18. 原考綱為formulate an appropriate currency managementprogramgiven market facts and client’s objectivesand constraints;現(xiàn)改為formulate an appropriate currency managementprogram given financial market conditions and portfolio objectivesand constraints
　　3.3. Trading, Monitoring, andRebalancing部分
　　3.3.1. SS 16 R30. Monitoring andRebalancing刪除內(nèi)容i. distinguish among linear, concave,and convex rebalancing strategies.
　　3.3.2. SS 16 R30. Monitoring andRebalancing刪除內(nèi)容j. judge the appropriateness of constant mix,buy-and-hold, and CPPI rebalancing strategies when given aninvestor’s risk tolerance and asset returnexpectations
關(guān)注公眾號
快掃碼關(guān)注
公眾號吧 CFA公眾號
贊105