For what it’s worth. PM topics the past two years were: 2008: Alternative Investments (18 points) Derivatives (18) Economics (18)(now part of port. mang.) Equity Investments (36) Ethics (36) Fixed Income (36) Portfolio Management (18) 2007: Alternative Assets (36) Derivatives (18) Ethics (36) Fixed Income (36) Portfolio Management (36) Quantitative Analysis (18)(part of L2 now, or maybe part of port. mang.) Pretty safe to say we can expect 2 ethics problem sets, 2 fixed income and at least one alternative assets.
fixed income is gonna be big, no question.
Do cfai state ethics will be item set or could it be tested in the morning?
Can be AM, but have never heard of it being tested AM.