Not sure if this os ok with the compliance and ethics rules. If it is, I will post some questions that I have a gut feeling about. And some of them just seem obvious.
I think we almost know the sections 1. Indivi IPS 35 - 45 pts 2. Institutional IPS - 35 -45 Pts 3. Economics 15-20 pts 4. Asset Allocation 15-20 pts 5. Equity / Fixed Income / AI - 25- 35 pts 6. Risk Mgmt - 20 pts 7. Monitor and Rebalance - 20 pts 8. Performance evaluation and other - 10-15 pts
No what I mean is most likely questions for 4-8 points. for eg: Errors in forecasting
That is impossible to predict. Just study and learn it all.
Good luck trying to predict that stuff… there is seriously about 100 items they can pick from. - 9 methods in forecasting errors - Holding vs. return - Transaction, translation, economic - 4 types of tradings - 4 types of investors - Algorithmic trading strategies - Implementation shortfall - Assess a fixed income manager - Value vs. growth - Behavioural finance descriptions Pick your poison!
Thanks. You guys are right. But I think Forecasting errors, Risk Tolerance for Pension fund are going to be asked. Btw, its 10 forecasting errors and not 9…Had to be cocky…
One sure question is Behavioral finance. I think it is 10 points. We cannot miss it
Soccertom…ive seen you refence “9 methods in forecasting errors” a couple times. Scaring me because I have no idea what you are referencing… let me know… thanks
Its from Capital Market Exepectations SS Forecasting errors: 1. Limitations of Economic data 2. Limitations of Historical Estimates 3. Model/Input uncertainties 4. Misinterpretation of Correlations 5. Measurement Errors/Biases 6. Psychological Traps - OCRAPS 7. Smoothed/Appraised Data 8. Ex Post may be a biased measure of Ex Ante risk 9. Failure to incorporate Conditioning information 10. Analyst Biases
mjAnalyst Wrote: ------------------------------------------------------- > Its from Capital Market Exepectations SS > > Forecasting errors: > 1. Limitations of Economic data > 2. Limitations of Historical Estimates > 3. Model/Input uncertainties > 4. Misinterpretation of Correlations > 5. Measurement Errors/Biases > 6. Psychological Traps - OCRAPS > 7. Smoothed/Appraised Data > 8. Ex Post may be a biased measure of Ex Ante > risk > 9. Failure to incorporate Conditioning > information > 10. Analyst Biases I wouldn’t waste a bunch of time on this. I could see the behavioral part being asked but of the 5-10% weight Schweser claims for all of CAPM/ECON this would be a really silly question to ask. Maybe agree with analyst statements for a 6-9 point question but I can’t see it being much at all.
mjAnalyst Wrote: ------------------------------------------------------- > Its from Capital Market Exepectations SS > > Forecasting errors: > 1. Limitations of Economic data > 2. Limitations of Historical Estimates > 3. Model/Input uncertainties > 4. Misinterpretation of Correlations > 5. Measurement Errors/Biases > 6. Psychological Traps - OCRAPS > 7. Smoothed/Appraised Data > 8. Ex Post may be a biased measure of Ex Ante > risk > 9. Failure to incorporate Conditioning > information > 10. Analyst Biases T There is a small chance that you are going to be asked to list them like above. More likely it will be something like, an analyst is using shrinkage estimators with 40% weight based on historical and 60% on … or the multi factor calculation with covariance, variances, Betas, etc. you get the picture. If its econ, Grinold Kroner or Taylor rule is also very likely.
Onelasttime is 100% right for the majority of te exam. I am just saying the forecasting as an example because last year they had tons of indicators and you had to circle the leading ones… Basically pure memorization… So now I am extra careful!