Real and Nominal
I know this seems simple but I always confuse real and nominal, even to this day sitting at level 3. I get it, nominal equals the real rate plus the inflation rate, simple enough. Where I am confused...
View Articlewhere is this GIPS XYZ Example report?
where is this GIPS “XYZ Investments” Example report?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleWhy surplus efficient portfolios = negative expected surplus
Hi everyone,Can someone please tell me why surplus efficient portfolios all have a negative expected surplus in ALM?Thank you!Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleMorning Mock - Guessing Score
Just wanted to share a bit of interesting info. I clicked through the full morning mock and selected “C” for every answer so I could print it and take the exam on paper to emulate the real experience....
View ArticleCFA PM Mock 2016 scores
All,Just completed the 2016 PM mock = 68%anyone else given this one a try???RegardsTweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleFoundation Return Objective
From 2013 AM Paper:The fact that the Foundation is expected to receive annual $2M contribution increases its risk tolerance (Q 6A).However, Q 6D says that if the contributions stop, that does not...
View ArticleApproach to calculate after tax nominal required reture
I always got the incorrect ans (or just partly correct ) in calculating the after tax nominal required return in IPS question , part of the reason may be due to the large amount of data , can u guys...
View ArticleLow Risk Assets in AO Plan
Q: Describe the primary characteristics of pension investments that would be considered low risk under AOMy answer: AO - A low risk pension investment plan in an AO approach would have a small standard...
View ArticleImplementation shortfall closing price
From the 2006 past paper At 2pm trader receives an order to buy 100,000 shares at $15. At 3.10 pm trader places order with broker to buy at price of $15.50 At 3.30pm broker executes 60,000 shares at...
View ArticleActive—Future Wage
Active—future wage: Market Exposures & Liability Mimicking AssetInflation —Real Rate BondsGrowth—EquitiesTerm Structure—Nominal BondsAnyone know that they mean by Term Structure and how is that...
View Article2013 Essay Mock Q.6
I’m a little confused on the liquidity constraint part… They deducted the contribution amount, but it says in the paragraph they want to preserve the real value and any future contributions. So I...
View ArticleFarro Topic test
“Joao Gomes, another investment committee member, asks Farro, “I understand that with such low interest rates today, companies are still issuing new debt. Does this situation affect secondary trading?”...
View ArticleUse pencil or erasable pen
I tested the writing from the Pilot Frixion erasable pen will disappear in the high temperature ( I use hair dryer for 10 second) , I afraid that my writing will go away if use this erasable pen....
View ArticleDuration of leverage portfolio
If question is asking to calculate the duration of leveraged portfolio , is it asking the duration of invested fund (Liability + equity ) or duration of equity ? Tweet WidgetGoogle Plus OneLinkedin...
View ArticleImpact of asset allocation on risk
I have seen a question that asks to evaluate the impact of adding indirect real estate, commodity futures and hedge funds to an equity and fixed income portfolio. We need to evaluate the impact on: i)...
View ArticleAverage AM Score to Pass
I’ve been on these forums for awhile. I have seen percentages anywhere from 50% to 70% or more for what people are trying to score on the AM section. What if any of these are relevant? I know from...
View Article2013 CFAI AM Mock Exam
Did anyone else find this Mock absurdly easy? Is this actually representative of what we might see come June 4?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleVolume 2 Blue Box 3
How do you calculate the allocations to layers 1 and 3 based on the 15% probability of a resulting ending portfolio value of EUR 1,800,000? I just set the required return to 5% and calculated weights...
View ArticleJust started studying....wish me luck.
Coz nothing’s impossible rite? Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticlePROBLEM: Minimum-variance hedge ratio (MVHR)
Reference: 2016 SchweserNotes Level III Book 3 - Assigned Reading:18 (Currency Management: An Introduction) - LOS18.h - page 175-176Strong positive correlation between Rfx and Rfc increases the...
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