Ethical and Professional Standards ............................................. 1-26
R2 Guidance of Standards I–VII .................................................................................. 1-8
R3 Application of the Code and Standards:Level Ⅲ ................................................ 9-14
R4 Professionalism in the Investment Industry .......................................................... 15
R5 Asset Manager Code of Professional Conduct ................................................ 16-17
R6 Overview of the Global Investment Performance Standards .......................... 18-26
Behavioral Finance ..................................................................... 27-38
R7 The Behavioral Finance Perspective ................................................................... 27-29
R8 The Behavioral Biases of Individuals ................................................................. 30-33
R9 Behavioral Finance and Investment Processes ................................................... 34-38
Capital Market Expectations ..................................................... 39-42
R10 Capital Market Expectations,Part 1:Framework and Macro Considerations ........ 39
R11 Capital Market Expectations,Part 2:Forecasting Asset Class Returns ............ 40-42
Assets Allocation and Related Decisions in Portfolio Management
..................................................................................................... 43-53
R12 Overview of Asset Allocation ......................................................................... 43-44
R13 Principles of Asset Allocation ......................................................................... 45-51
R14 Asset Allocation with Real-World Constraints ............................................... 52-53
Derivatives and Currency Management ................................... 54-66
R15 Options Strategies ........................................................................................... 54-56
R16 Swaps,Forwards,and Futures Strategies ......................................................... 57-58
R17 Currency Management:An Introduction ......................................................... 59-66
Fixed-Income Portfolio Management ....................................... 67-88
R18 Overview of Fixed-Income Portfolio Management ......................................... 67-69
R19 Liability-Driven and Index-Based Strategies ..................................................... 70-74
R20 Yield Curve Strategies......................................................................................... 75-86
R21 Fixed-Income Active Management: Credit Strategies ....................................... 87-88