CFA® L1 — Portfolio Management
Modern portfolio theory, the IPS, asset allocation basics, behavioural biases. The introduction to thinking like a portfolio manager.
Quick info
- Layer
- Professional Certifications
- Track
- CFA® Level 1
- Estimated hours
- 25 hrs
- Chapters
- 5
- Exam body
- CFA Institute
- Cost on Trustner
- Free
The full chapter-by-chapter syllabus is published below so you know exactly what you're committing to. Individual lesson pages are being authored progressively over the coming weeks. Bookmark this page or browse all courses.
About this course
Modern portfolio theory, the IPS, asset allocation basics, behavioural biases. The introduction to thinking like a portfolio manager.
Who this is for
- CFA L1 candidates.
What you'll learn
- Portfolio approach to risk and return
- Modern Portfolio Theory and the efficient frontier
- CAPM, Sharpe, Treynor, Jensen
- IPS and the planning, execution, feedback cycle
Full syllabus — 5 chapters
- 1Reading 1
Portfolio management process
- Planning, execution, feedback
- Risk and return objectives
- 2Reading 2
Portfolio risk and return
- Diversification and correlation
- Efficient frontier
- 3Reading 3
CAPM and equilibrium pricing
- Beta and the SML
- Limitations and extensions
- 4Reading 4
Investment Policy Statement
- Components of an IPS
- Constraints — RRTTLLU
- 5Reading 5
Behavioural biases overview
- Cognitive vs emotional
- Adapting client communication
About the exam
- Provider
- CFA Institute
Note: ~5-8% of CFA L1 weight.
The exam is administered by CFA Institute. Trustner Academy is not affiliated with CFA Institute; we provide independent preparatory educational material. See our disclaimer.
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