Tutorial lessons
09 Portfolio Management
Learn CFA Level 2 Portfolio Management with tutorials on active investing, ETFs, multifactor models, market risk, VaR, backtesting, and simulation.
Lessons
Tutorial lessons
PORT 1 – Economics and Investment Markets
Study economics and investment markets for CFA Level 2, covering interest rates, inflation, business cycles, risk premiums, and bond, equity, and property values.
PORT 2 – Analysis of Active Portfolio Management
Study analysis of active portfolio management for CFA Level 2, covering active return, tracking error, information ratio, and the fundamental law of active management.
PORT 3 – Exchange-Traded Funds: Mechanics and Applications
Study exchange-traded funds for CFA Level 2, covering creation and redemption, authorized participants, ETF costs, tracking error, risks, and portfolio applications.
PORT 4 – Using Multifactor Models
Study using multifactor models for CFA Level 2, covering arbitrage pricing theory, factor exposures, return and risk attribution, and portfolio construction.
PORT 5 – Measuring and Managing Market Risk
Study measuring and managing market risk for CFA Level 2, covering value at risk, expected shortfall, historical simulation, Monte Carlo methods, and stress testing.
PORT 6 – Backtesting and Simulation
Study backtesting and simulation for CFA Level 2, covering strategy design, backtesting biases, scenario analysis, Monte Carlo simulation, and sensitivity testing.