CFA三级考试考点12656.pdf

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1、全球最大的 CFA(特许金融分析师)培训中心 总部地址：上海市虹口区花园路 171号 A3 幢高顿教育 电话：400-600-8011网址：微信公众号：gaoduncfa 1 CFA 三级考试考点 Study Session 5 Portfolio Management for Institutional Investors Reading 15.Managing Institutional Investor Portfolios The candidate should be able to:a.contrast a defined-benefit plan to a defined-con

2、tribution plan and discuss the advantages and disadvantages of each from the perspectives of the employee and the employer;b.discuss investment objectives and constraints for defined-benefit plans;c.evaluate pension fund risk tolerance when risk is considered from he perspective of the 1)plan surplu

3、s,2)sponsor financial status and profitability,3)sponsor and pension fund common risk exposures,4 plan features,and 5)workforce characteristics;d.prepare an investment policy statement for a defined-benefit plan e.evaluate the risk management considerations in investing pension plan assets f.prepare

4、 an investment policy statement for a defined-contribution plan;g.discuss hybrid pension plans(e.g.,cash balance plans)and employee stock ownership plans;h.distinguish among various types of foundations,with respect to their description,purpose,source of funds,and annual spending requirements;I.comp

5、are the investment objectives and constraints of foundations,endowments,insurance companies,and banks;j.prepare an investment policy statement for a foundation,an endowment,an insurance company,and a bank;k.contrast investment companies,commodity pools,and hedge funds to other types of institutional

6、 investors;l.discuss the factors that determine investment policy for pension funds,foundations,endowments,life and nonlife insurance companies,and banks;pare the asset/liability management needs of pension funds,foundations,endowments,insurance companies,and banks;pare the investment objectives and

7、 constraints of institutional investors given relevant data,such as descriptions of their financial circumstances and attitudes toward risk.各位考生，CFA 备考已经开始，为了方便各位考生能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的CFA 题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员全球最大的 CFA(特许金融分析师)培训中心 总部地址：上海市虹口区花园路 171号 A3 幢高顿教育 电话：400-600-8011网址：微信公众号：gaoduncfa 2 可以通过多种题型加强练习，通过针对性地训练与模考，对学习过程进行全面总结。关注微信公众号：一起学 CFA 更多 CFA 资讯一手掌握!