Hmmm I'm a bit confused because that is actually how I answered when I cleared my level 3. Using your example: 1. Portfolio B 2. Client does not want >10% AI allocation - Port A has 15% AI allocation - eliminate A 3. Client does not want illiquid assets - Port C has hedge fund allocation - eliminate C 4. Choose Port B - meets return, risk and asset allocation criteria (not really important but always good to close it off) Are we talking about the same thing here or am I misunderstanding you?
@ChalkBoardCFAPrep
Жыл бұрын
Your answer is indeed at high risk of missing points, and you likely were able to salvage some points with your point 4 at the end. You could have saved significant time by writing a different answer and increased your points as well. But congratulations on your clearing L3!
@brenthusa4557
Жыл бұрын
Would a better way to Ansar be: 1. Portfolio B 2. Client does not want >10% AI allocation - Port B has less than a 10% allocation compared to portfolio A. 3. Client does not want illiquid assets - Port B holds all liquid assets compared to portfolio C, which has hedge fund allocation - eliminate C
@ahmedibrahim-vt7di
Жыл бұрын
What is the difference in answers when he says explain or justify or others?
@ChalkBoardCFAPrep
Жыл бұрын
Thanks for your question! CFA Institute actually gives their definitions for such terms here: www.cfainstitute.org/-/media/documents/support/programs/cfa-and-cipm-los-command-words.pdf If you are interested to test your Level 3 answer quality, you can find our Level 3 essay mock exams available on our website. We review and grade your answers on them for you, so you can see how you did. Good luck in your studies.
@Jj-of7re
Жыл бұрын
i thought for level 3 u only get pass or fail result, so not sure what you mean that candidates tell you they scored low on alternative investments??
@ChalkBoardCFAPrep
Жыл бұрын
You are partially incorrect. If you PASS your Level 3 exam, you will only get notice that you passed, without a topic breakdown or comparison of your passing performance to the MPS. However if you FAIL your Level 3 exam, you will get a full breakout. So someone who fails Level 3 will get their Alternative Investment and other topic performance feedback, a comparison of their performance versus the MPS, etc. Hopefully this clarifies things for you, good luck in your studies!
Пікірлер: 7