Fixed Income

I read earlier someone say Fixed Income had 40% turnover? What are they talking about - it’s exactly the same as last year.

What CFAI calls turnover, most of us would say “same stuff, different book”. The fact of the matter is that CFAI says there is 40% turnover/year but the curriculum looks about the same to me as it did in the early '90’s.

JoeyDVivre Wrote: ------------------------------------------------------- > What CFAI calls turnover, most of us would say > “same stuff, different book”. The fact of the > matter is that CFAI says there is 40% > turnover/year but the curriculum looks about the > same to me as it did in the early '90’s. Wow. That’s good to know. Makes me think that using last year’s notes might not be such a bad deal.