The course

• 1

  Start here

  CFA Institute sets 11 item sets and 11 essay sets over two 132-minute sessions

  Free: A tour of Level IIIFree: Writing constructed responses
• 2

  Asset Allocation

  15 to 20% of the exam (CFA Institute's Level III topic weights)

  Forecasting returns from the economyFree: Choosing and keeping an asset allocation24 questions
• 3

  Portfolio Construction

  15 to 20% of the exam (CFA Institute's Level III topic weights)

  Building portfolios from equities, bonds and alternativesClients, institutions and the cost of trading24 questions
• 4

  Performance Measurement

  5 to 10% of the exam (CFA Institute's Level III topic weights)

  Judging a manager's results14 questions
• 5

  Derivatives and Risk Management

  10 to 15% of the exam (CFA Institute's Level III topic weights)

  Options strategies for a clientOverlays with futures, swaps and currency hedges20 questions
• 6

  Ethical and Professional Standards

  10 to 15% of the exam (CFA Institute's Level III topic weights)

  Free: The Standards in a portfolio manager's workApplying the Standards to a case27 questions
• 7

  Portfolio Management pathway

  30 to 35% of the exam (CFA Institute's Level III topic weights); you sit one pathway

  Index and active equity portfoliosLiability hedging, curve and credit strategies16 questions
• 8

  Private Markets pathway

  30 to 35% of the exam (CFA Institute's Level III topic weights); you sit one pathway

  Fund terms, fund returns and buyoutsPrivate debt, real estate and infrastructure16 questions
• 9

  Private Wealth pathway

  30 to 35% of the exam (CFA Institute's Level III topic weights); you sit one pathway

  Taxes, accounts and goals for private clientsProtecting and passing on family wealth14 questions
• 10

  Test day

  Pace each 132-minute session of 11 sets

  Test day