CFA level 1 level II 公式表.doc

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1、CFA公式表-LevelIEthicalandProfessionalStandards1.Professionalisma)KnowledgeoftheLawb)Independenceandobjectivityc)Misrepresentationd)Misconduct2.IntegrityofCapitalMarketsa)MaterialNonpublicInformationb)MarketManipulation3.DutiestoClientsa)Loyalty,Prudence,andCareb)FairDealingc)Suitabilityd)Perfo

2、rmancePresentatione)PreservationofConfidentiality4.DutiestoEmployersa)Loyaltyb)AdditionalCompensationArrangementsc)ResponsibilitiesofSupervisors5.InvestmentAnalysis,Recommendations,andActiona)DiligenceandReasonableBasisb)CommunicationwithClientsandProspectiveClients.c)RecordRetention6.Confli

3、ctsofInteresta)DisclosureofConflictsb)PriorityofTransactionsc)ReferralFees.7.ResponsibilitiesasaCFAInstituteMemberorCFACandidatea)ConductasMembersandCandidatesintheCFAProgramb)ReferencetoCFAInstitute,theCFAdesignation,andtheCFAProgram.GlobalInvestmentPerformanceStandards(GIPS)1.ComplianceSta

4、tement:”[Insertnameoffirm]haspreparedandpresentedthisreportincompliancewiththeGlobalInvestmentPerformanceStandards(GIPS).”Compliancemustbeappliedonafirm-widebasis.2.Eightsections:a)Fundamentalsofcomplianceb)Inputdatac)Calculationmethodologyd)Compositeconstructione)Disclosuresf)Presentationan

5、dreportingg)Realestate-44-a)PrivateequityQUANTITATIVEMETHODS1.TimeValueofMoneyBasicsa)FutureValue(FV):amounttowhichinvestmentgrowsafteroneormorecompoundingperiods.b)c)PresentValue(PV):currentvalueofsomefuturecashflowd)e)Annuities:seriesofequalcashflowsthatoccuratevenlyspacedintervalsovertime

6、.f)Ordinaryannuity:cashflowatend-of-timeperiod.g)Annuitiesdue:cashflowatbeginning-of-timeperiod.h)Perpetuities:annuitieswithaninfinitelifei)2.Meansa)Arithmeticmean:sumofallobservationvaluesinsample/population,dividedby#ofobservations.b)Geometricmean:usedwhencalculatinginvestmentreturnsovermu

7、ltipleperiodsortomeasurecompoundgrowthrates.c)Geometricmeanreturn:Harmonicmean=3.VarianceandStandardDeviationa)Variance:averageofsquareddeviationsfrommean.b)Populationvariance=c)Samplevariance=d)Standarddeviation:squarerootofvariance.4.HoldingPerio