CFA® L3 — Asset Allocation
Strategic and tactical asset allocation, capital-market expectations, the IPS, currency management. Heavy in the L3 essay paper.
Quick info
- Layer
- Professional Certifications
- Track
- CFA® Level 3
- Estimated hours
- 40 hrs
- Chapters
- 3
- 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
Strategic and tactical asset allocation, capital-market expectations, the IPS, currency management. Heavy in the L3 essay paper.
Who this is for
- CFA L3 candidates.
- Investment strategists and CIOs.
What you'll learn
- Capital-market expectations setting
- Strategic vs tactical allocation
- Risk-budgeting frameworks
- Currency management overlay
Full syllabus — 3 chapters
- 1Reading 1
Capital market expectations
- Building return assumptions by asset class
- Conditional expectations and macro overlays
- 2Reading 2
Asset allocation principles
- Strategic, tactical, dynamic
- Goal-based vs traditional approaches
- 3Reading 3
Currency management
- Strategic decisions on hedging
- Discretionary tactical overlays
About the exam
- Provider
- CFA Institute
Note: ~15-20% of CFA L3 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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CFA® L3 — Performance Measurement
Attribution, benchmarking, risk-adjusted returns, the GIPS Standards. Measuring what a manager actually delivered.
CFA® L3 — Derivatives & Risk Management
Hedging equity, currency, and rate risk; managing portfolios with futures, options, and swaps; tail-risk hedging strategies.
CFA® L3 — Fixed Income Portfolio Management
Liability-driven investing, immunisation, yield-curve strategies, credit strategies — fixed income from the portfolio manager's seat.