CFA三级第 册课后 2020 - Level III Schwesers Quicksheet.pdf

/ uickSheet C r it ic a l C o n c e pt s f o r t h e 2020 CFA® Ex a m SS12: ETHICS Behavioral biases in DC plan participants: Asset classes: • Status quo bias—Investors make no changes to • Assets within a class are similar and don’t fit in Review the SchweserNotes™ and/or Video Lectures their initial asset allocation. more than one class. and questions in the SchweserNotes™, CFA® text, • Naive diversification— 1/n allocation. • Classes have low correlation to other classes, cover and SchweserPro™. • Disposition effect—Sell winners; hold losers. all investable assets, and are liquid. GIPS® at a minimum know: • Home bias—Placing a high proportion of assets Calendar rebalancing is done at a set frequency. • The 35 required disclosures in stocks of firms in their own country. Percentage range rebalancing is when a band • How to identify and correct errors and omissions • Mental accounting—See mental accounting bias. is violated. Wider bands for: higher transaction in Performance Presentations • Gambler’s Fallacy—Wrongly predicting reversal cost and correlations between classes, high