2021CFA道德由原來的第1門課程調整為zui后一門科目(Study Session 1&2變?yōu)?/span>Study Session 15&16 ),新的考綱 Study Session 1為行為金融學,這是CFA三級考綱zui大的不同,那2022CFA級考綱的變化還有哪些呢?和小編一起看看!

整體下來看,2022CFA三級變動不大相比2021年考綱來說,那有哪些變化呢?和小編一起走進2022CFA三級考綱中去!

原考綱 Reading 7 The Behavioral Finance Perspective刪除;原考綱所有Reading編號改變,但是實質內(nèi)容基本未發(fā)生改變;原考綱中部分Reading在新考綱中合并,本質未發(fā)生變化;新考綱中添加部分小知識點,整體變動不大,具體各個科目是怎樣的呢?和小編一起看看各個科目的變化!

1、Behavior Finance

原內(nèi)容:Reading 7 The Behavioral Finance Perspective從新考綱刪除

原內(nèi)容:Reading 8Evaluate how behavioral biases affect investment policy and asset allocation decisions and recommend approaches to mitigate their effects. 刪除

原內(nèi)容Reading 9對應新考綱reading 2,考察內(nèi)容未發(fā)生改變

對傳統(tǒng)金融學的考察能力要求降低,對行為偏差對于投資政策和資產(chǎn)配置的考察移動到后面章節(jié)考察。

新考綱 Reading 1: the behavioral biases of individuals 對于認知偏差和情感偏差的要求從原考綱distinguish改成compare and contrast

即更改為:compare and contrast cognitive errors and emotional biases

對比原考綱distinguish改成compare and contrast,要求掌握程度提升

2、Capital Market Expectations

3、ASSET ALLOCATION

4Derivatives and Currency Management

Reading 15,16,17更改為新考綱下reading 8,9,10,僅僅reading的編號發(fā)生改變,考綱未發(fā)生任何變動

5、Fixed-Income Portfolio Management (1)

原考綱reading 18,19對應新考綱reading11,12,

原考綱READING 18. OVERVIEW OF FIXED-INCOME PORTFOLIO MANAGEMENT

a: discuss roles of fixed-income securities in portfolios;

b: describe how fixed-income mandates may be classified and compare features of the mandates;

改為新考綱中的:

a. discuss roles of fixed-income securities in portfolios and how fixed-income mandates may be classified;

Fixed-Income Portfolio Management (2)


6、Alternative

原考綱READING 26,27對應新考綱Reading 19,20,僅編號發(fā)生改變,內(nèi)容無任何改變。

Private Wealth Management (1)

Private Wealth Management (2)

原考綱READING 32. RISK MANAGEMENT FOR INDIVIDUALS更改為新考綱 READING 23. RISK MANAGEMENT FOR INDIVIDUALS

原考綱READING 33. PORTFOLIO MANAGEMENT FOR INSTITUTIONAL

INVESTORS改為READING 24. PORTFOLIO MANAGEMENT FOR INSTITUTIONALINVESTORS

Trading, Performance Evaluation, and Manager Selection

原考綱READING 34. TRADE STRATEGY AND EXECUTION

d. select and justify a trading strategy (given relevant facts);更改為READING 25. TRADE STRATEGY  AND EXECUTION

d. recommend and justify a trading strategy (given relevant facts);

更改為reading 26

c. contrast return attribution and risk attribution; contrast macro and micro return attribution;

h. identify and interpret investment results attributable to the asset owner versus those attributable to the investment manager;

從區(qū)分變成了對比及解釋,要求變高

原考綱READING 36. INVESTMENT MANAGER SELECTION改為新考綱READING 27. INVESTMENT MANAGER SELECTION

Cases in Portfolio Managementand Risk Management

7、Ethical and Professional Standards

原考綱READING 1. CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT

READING 2. GUIDANCE FOR STANDARDS IVII

READING 3. APPLICATION OF THE CODE AND STANDARDS: LEVEL III分別對應新考綱中的READING 31,32,33

原考綱READING 4. PROFESSIONALISM IN THE INVESTMENT INDUSTRY刪除

READING 5. ASSET MANAGER CODE OF PROFESSIONALCONDUCT對應新考綱的READING 34

原考綱READING 6. OVERVIEW OF THE GLOBAL INVESTMENT PERFORMANCE STANDARDS 中的

a . discuss the objectives, key characteristics, and scope of the GIPS standards and their benefits to prospective clients and investment managers;更改為discuss the objectives and scope of the GIPS standards and their benefits to prospective clients and investors, as well as investment managers;

b. explain the requirements and recommendations of the GIPS standards with respect to input data, including accounting policies related to valuation and performance measurement;刪除

c. d. discuss the requirements of the GIPS standards with respect to return calculation methodologies, including the treatment of external cash flows, cash and cash equivalents, and expenses and fees;

d. 更改為:explain requirements of the GIPS standards with respect to composite return calculations, including methods for asset weighting portfolio returns;

i. explain the requirements of the GIPS standards for asset class segments carved  out of multi-class portfolios;

更改為 h. explain requirements of the GIPS standards with respect to presentation and reporting;

以下內(nèi)容刪除:

J. explain the requirements and recommendations of the GIPS standards with respect to disclosure, including fees, the use of leverage and derivatives, conformity with laws and regulations that conflict with the GIPS standards, and noncompliant performance periods;

R. determine whether advertisements comply with the GIPS Advertising Guidelines;

T. discuss challenges related to the calculation of after-tax returns;

U. identify and explain errors and omissions in given performance presentations and recommend changes that would bring them into compliance with GIPS standards.均已刪除