Unit 2

The Unit 2 syllabus, version 24

Version 24 of the Unit 2 syllabus applies to exams from 1 December 2026 to 30 November 2027. Version 23 applies until then.

Version24, from 1 December 2026
TopicsTen
Questions105
Study time140 recommended hours

Question allocation by content area

Content areaQuestions
Quantitative methods10 to 20
Economics5 to 15
Accounting10 to 20
Asset classes: equity, fixed income, derivatives, alternatives25 to 30
Investment theory, management and measurement25 to 30

Which version applies to you

  • The syllabus runs from 1 December to 30 November each year.
  • Exams from 1 December 2026 to 30 November 2027 use version 24.
  • You do not have to sit both units under the same syllabus version.

Try 4 questions

Question 18.1 to 8.2 Supply, demand and elasticities
A cinema raises its ticket price from £10.00 to £11.00 and weekly admissions fall from 2,000 to 1,700. Measuring percentage changes from the original price and quantity, which of the following gives the price elasticity of demand and the effect on weekly ticket revenue?
Question 214.1 to 14.2 Alternatives, commodities and cryptocurrencies
Mr Hughes wants exposure to the price of copper without storing any metal himself and without taking on the business risks of a mining company. Which route BEST meets his aim?
Question 316.1 Direct and indirect investing, funds, ETFs, structured products, life policies and platforms
An OEIC operates single pricing. Which of the following BEST describes how its shares are priced for investors dealing in the same share class at the same valuation point?
Question 415.1 to 15.2 Risk measures, diversification and correlation
A benchmark holds four shares weighted 30%, 30%, 20% and 20%. A fund holds the same four shares weighted 45%, 35%, 20% and 0%. The fund's active share is closest to:

Next step

CFA UK's Unit 2 syllabus, version 24

Questions people ask

Which syllabus version applies from December 2026?

Version 24, for exams from 1 December 2026 to 30 November 2027.

Do both units have to be on the same version?

No. CFA UK says candidates are not required to sit both units under the same syllabus.

How long should I study for Unit 2?

CFA UK recommends 140 hours of study for Unit 2.