虽然每年CFA考纲都会有所变动,不过幅度并不是太大,充分了解就好。今天给诸位分享2017CFA二级考纲变动及报考条件。 友情提醒:CFA考试大纲变化的各个知识点是每年考试容易出现的重点,CFA备考复习过程中要尤其重视。高顿CFA老师整理CFA协会发送的:
1、经济学
无变化
2、财务报表分析
原2016年Reading 16删除
Inventories:Implications for Financial Statements and Ratios原2016年Reading 17删除
Long-lived Assets:Implications for Financial Statements and Ratios
3、股权投资
原2016年Reading 31删除
The Five Competitive Forces That Shape Strategy原2016年Reading 32删除
Your Strategy Needs a Strategy
4、另类投资
原2016年Reading 42改变
从2016 A Primer on Commodity Investing
改变为2017 Commodities and Commodity Derivatives:An Introduction
以下为2017年新内容
A.compare characteristics of commodity sectors;B.compare the life cycle of commodity sectors from production through trading or consumption;C.contrast the valuation of commodities with the valuation of equities and bonds;D.describe types of participants in commodity futures markets;E.analyze the relationship between spot prices and expected future prices in markets in contango and markets in backwardation;F.compare theories of commodity futures returns;G.describe,calculate,and interpret the components of total return for a fully collateralized commodity futures contract;H.contrast roll return in markets in contango and markets in backwardation;I.describe how commodity swaps are used to obtain or modify exposure to commodities;J.describe how the construction of commodity indexes affects index returns.
5、投资组合
新增2017年
Measuring and Managing Market Risk
Algorithmic trading and high-frequency trading以下为2017年新内容
Measuring and Managing Market Risk
A.explain the use of value at risk(VaR)in measuring portfolio risk;B.compare the parametric(variance-covariance),historical simulation,and Monte Carlo simulation methods for estimating VaR;C.estimate and interpret VaR under the parametric,historical simulation,and Monte Carlo simulation methods;D.describe advantages and limitations of VaR;E.describe extensions of VaR;
F.describe sensitivity risk measures and scenario risk measures and compare these measures to VaR;G.demonstrate how equity,fixed-income,and options exposure measures may be used in measuring and managing market risk and volatility risk;H.describe the use of sensitivity risk measures and scenario risk measures;I.describe advantages and limitations of sensitivity risk measures and scenario risk measures;J.describe risk measures used by banks,asset managers,pension funds,and insurers;K.explain constraints used in managing market risks,including risk budgeting,position limits,scenario limits,and stop-loss limits;L.explain how risk measures may be used in capital allocation decisions.
Algorithmic trading and high-frequency tradingA.define algorithmic trading;
B.distinguish between execution algorithms and high-frequency trading algorithms;C.describe types of execution algorithms and high-frequency trading algorithms;D.describe market fragmentation and its effects on how trades are placed;E.describe the use of technology in risk management and regulatory oversight;F.describe issues and concerns related to the impact of algorithmic and high-frequency trading on securities markets.
6、道德
无变化
7、量化分析
无变化
8、公司金融
无变化
9、固定收益
新增:
READING 39.CREDIT DEFAULT SWAPS
The candidate should be able to:
a describe credit default swaps(CDS),single-name and index CDS,and the parameters that define a given CDS product;b describe credit events and settlement protocols with respect to CDS;c explain the principles underlying,and factors that influence,the market’s pricing of CDS;d describe the use of CDS to manage credit exposures and to express views regarding changes in shape and/or level of the credit curve;e describe the use of CDS to take advantage of valuation disparities among separate markets,such as bonds,loans,equities,and equity-linked instruments.
10、衍生品
结构虽然有大的调整,但是核心知识点并未改变,见下面黄色字体标注关键变动:
1.CDS删除,实际移动到固定收益
2.2016年CFA考试大纲提及到的Eurodollar Future,cap and floor,contango and backwardation,FRA,2017年CFA考试大纲中并未重点提到。
CFA报考条件-关于学历的要求:
以下是CFA官方规定的CFA报名条件:
Enrollment requirements:
Have a bachelor's(or equivalent)degree
-or be in the final year of your bachelor's degree program at the time of registration
-or have four years of qualified,professional work experience
-or have a combination of work and college experience that totals at least four years
Be prepared to take the exams in English
Effective 1 January 2011:Have a valid international travel passport(For exam enrollment and registration)
从2011年1月1日开始,CFA考试报名必须用护照号报考,凭护照入场。
CFA报名要求本科学历(大4就可报考,最快的方式是大4上半年顺利拿下CFA1级,接着6月份顺利拿下CFA2级)或大专学历1年半工作经验或4年相关投资专业经验