CFA Level 1 - Portfolio Management and Wealth Planning
Overview
Primary source material for the CFA Level 1 Portfolio Management and Wealth Planning topic area. This reading covers the fundamentals of portfolio theory, construction, behavioral finance, and risk management.
Modules
| Module | Title | Pages | LOS |
|---|---|---|---|
| M01 | Portfolio Risk and Return: Part I | p.2-47 | 1.a-1.g |
| M02 | Portfolio Risk and Return: Part II | p.48-82 | 2.a-2.i |
| M03 | Portfolio Management: An Overview | p.83-131 | 3.a-3.f |
| M04 | Basics of Portfolio Planning and Construction | p.132-158 | 4.a-4.h |
| M05 | The Behavioral Biases of Individuals | p.159-209 | 5.a-5.c |
| M06 | Introduction to Risk Management | p.210+ | 6.a-6.g |
Key Themes
- Modern Portfolio Theory: Risk-return tradeoff, diversification, efficient frontier, CAPM
- Portfolio Process: Planning, execution, feedback loop
- Behavioral Finance: Cognitive errors, emotional biases, market anomalies
- Risk Management: Framework, governance, measurement, modification