Portfolio Risk and Return - Part I (2025 Level I CFA Exam – PM – Module 2)

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Topic 9 – Portfolio Management
Module 2 – Portfolio Risk and Return - Part I
0:00 Introduction and Learning Outcome Statements
2:31 LOS : Calculate and interpret major return measures and describe their appropriate uses.
22:56 LOS : Compare the money-weighted and time-weighted rates of return and evaluate the performance of portfolios based on these measures.
23:11 LOS : Describe characteristics of the major asset classes that investors consider in forming portfolios.
32:00 LOS : Calculate and interpret the mean, variance, and covariance (or correlation) of asset returns based on historical data.
49:29 LOS : Explain risk aversion and its implications for portfolio selection.
54:29 LOS : Calculate and interpret portfolio standard deviation.
59:23 LOS: Describe the effect on a portfolio’s risk of investing in assets that are less than perfectly correlated.
1:04:08 LOS: Describe and interpret the minimum-variance and efficient frontiers of risky assets and the global minimum-variance portfolio.
1:09:59 LOS: Explain the selection of an optimal portfolio, given an investor’s utility (or risk aversion) and the capital allocation line.