The learning focus transitions from asset valuation and comprehension in Level II to portfolio management and evaluation in the Level III. Emphasis is on: Asset allocation, Performance Evaluation and GIPS. Level III consists of an essay format exam in the morning session and 10 item sets in the afternoon session. Each item set consists of a vignette (or case statement) and six multiple choice items (questions).
CFA – Level I, II & III Subjects
|1||Ethics and Professional Standards||15 %|
|2||Quantitative Methods||12 %|
|4||Financial Reporting and Analysis||20 %|
|5||Corporate Finance||7 %|
|6||Equity Investments||10 %|
|7||Fixed Income||10 %|
|9||Alternative Investments||4 %|
|10||Portfolio Management||7 %|
*The subject weights vary over the three levels slightly.
For More Details visit CFA Institute Website here.