CFA 2019 Schweser - Level 3 SchweserNotes Book 5: TRADING AND PERFORMANCE EVALUATION

Contents......Page 2
List of pages......Page 4
Learning Outcome Statements (LOS)......Page 9
Module 35.1: Market and Limit Orders......Page 14
Module 35.2: The Effective Spread......Page 15
Module 35.3: Alternative Market Structures and Market Quality......Page 17
Module 35.4: Volume-Weighted Average Price and Implementation Shortfall......Page 21
Module 35.5: Econometric Models and Trading Tactics......Page 26
Module 35.6: Algorithmic Trading......Page 30
Module 35.7: Best Execution......Page 33
Key Concepts......Page 35
Answer Key for Module Quizzes......Page 40
Topic Assessment: Trading......Page 44
Topic Assessment Answers: Trading......Page 46
Module 36.1: Calculating Return......Page 48
Module 36.2: Data Quality and Decomposing Return......Page 55
Module 36.3: Benchmarks......Page 57
Module 36.4: Macro Attribution......Page 64
Module 36.5: Micro Attribution......Page 69
Module 36.6: Fundamental Factor and Fixed Income Attribution......Page 73
Module 36.7: Risk to Return Analysis......Page 78
Module 36.8: Manager Control......Page 84
Key Concepts......Page 89
Answer Key for Module Quizzes......Page 97
Topic Assessment: Performance Evaluation......Page 105
Topic Assessment Answers: Performance Evaluation......Page 109
Module 37.1: GIPS Overview......Page 112
Module 37.2: Compliance and Data Requirements......Page 115
Module 37.3: Calculation......Page 119
Module 37.4: Composites......Page 123
Module 37.5: Disclosures......Page 132
Module 37.6: Presentation and Reporting......Page 136
Module 37.7: Real Estate and Private Equity......Page 141
Module 37.8: Wrap Fee/Separately Managed Accounts and Advertising......Page 149
Module 37.9: Verification and After-Tax Reporting......Page 154
Module 37.10: Evaluating a Report......Page 156
Key Concepts......Page 161
Answer Key for Module Quizzes......Page 181
Topic Assessment: Global Investment Performance Standards......Page 188
Topic Assessment Answers: Global Investment Performance Standards......Page 191
Formulas......Page 193