guys, i’ve just finished MM 2019 mock 1, and scored much lower than past CFAI AM mocks and CFAI online Q bank and IFT mocks.
specifically, MM mock 1 AM Q6-D, Q8-ABCD were very unfamiliar: Q6-D “identify equity fund investment substyle” ; Q8 Alternative Investment relates to commodities (forward price, spot price, convenience yield, topics we seen in Level 2) .
Thank you for reply. But I notice that for AM solutions, there is no related link provided by MM (PM solutions do provide). Also, as I go through comparing IFT vs MM, notice that IFT says commodity price (contango/ backwardation etc), convenience yield and stuff are NOT relevant.
Oh yes you’re right the PM has the reading numbers and sections but the AM does not. Rest assured, I’ve done all the MM questions and they are all in the text… however, some can be obscure and mentioned only once in the paper… hard to remember one sentence in 6 400+ page books lol.
So certain questions are a bit tougher than general “core” material.
I’ve finished L2 MM Exam 1 & 2. I found questions to be challenging but I can’t compare to other exams, since these are the first two that I’ve done so far. My score is 62%, 62% & 55%, 68%. Greatly disappointed with the results so far, but I believe the topics tested in these two exams are wake up call on the volume of material and depth of understanding required at this level