CFA Institute
An association of investment professionals that sets the standard for professional excellence.
CFA Institute is a global community of more than 175,000 investment professionals working to build an investment industry where investors’ interests come first, financial markets function at their best, and economies grow. We are driven by the belief that lasting economic growth depends on trust, competence, and transparency in financial markets, and we know that it must be led by professionals ad
22/07/2024
REGISTER TODAY! This month's Conversations with Frank Fabozzi features leading market historian Elroy Dimson, FSIP, who shares vignettes that demonstrate how investors can better understand today's markets by studying and interpreting financial history. Dimson, a Fellow of CFA UK, discusses the evolution of his research around the equity risk premium.
https://bit.ly/3YaOQNP
Want to understand why an investor just paid USD44.6 million for a stegosaurus skeleton nicknamed Apex?
They may have been extinct for 66 million years but we remain fascinated by dinosaurs and ever more investors are including fossils in their portfolios.
Learn how factors like teeth, claws, and presentation influence prices in our guide to dinosaur fossil investing: https://cfainst.is/3zJWwwi
Find out what investment professionals are really talking about at Asia-Pacific’s leading research hub this week.
1️⃣ Outlook 2H2024: Contrarian Thoughts https://cfainst.is/4cRVs7z
2️⃣ APAC Open Day - My Career Journey: Investment Banking, Advisory, and Research Industries https://cfainst.is/3Ljq46e
3️⃣ “RISE FROM CRISES” Section 2: Setting the Scene – Macro Foundations, Country and System, East and West https://cfainst.is/4eYNWto
More on CFA Institute Asia Pacific Research Exchange: https://cfainst.is/3VXkNax
18/07/2024
Invest in the power of connection at CFA Institute LIVE 2025.
Back by overwhelming demand, our annual conference returns to bring investment professionals together in Chicago from 4–7 May 2025. Hosted in collaboration with CFA Society Chicago, LIVE 2025 will feature sessions on technology and digital disruption, sustainability, the future of the industry, investing in the capital market ecosystem, and more.
🎉 Registration and preferred pricing is now available exclusively to members, candidates, and charterholders. https://cfainst.is/3z4ZZVM
📩 Sign up for updates and explore sponsorship opportunities on our website.
17/07/2024
As financial systems evolve, preserving the US dollar's dominance will require skillful policy management and the integration of cutting-edge technologies. A US CBDC would streamline transactions, enhance tax collection, and boost fiscal transparency, fostering sustainable economic growth. It could also counter the threats posed by decentralized cryptocurrencies, writes Adam Sandback, CFA, FRM, CPA, CMA in
Preserving the Dollar: The Role of CBDCs in Securing Economic Stability for Future Generations As financial systems evolve, preserving the US dollar’s dominance will require skillful policy management and the integration of cutting-edge technologies.
17/07/2024
Unprecedented mega-cap concentration since 2015 has led to limited market diversification. Learn how a multifactor methodology could re-balance US equities as advised by Ryan Giannotto, CFA.
Can Equal Weight Solve Our Concentration Crisis? Not So Fast… Mega-cap concentration has exploded since 2015. The corollary to an increasingly top-heavy benchmark is that market diversification and breadth have never been more limited. A multifactor methodolo…
17/07/2024
Here are the essential skills to succeed in a financial sell-side role. Watch our presentation to learn more about upskilling and how to anticipate the growth of and other macro trends.
Watch on-demand: https://cfainst.is/3Ljq46e
17/07/2024
As the climate change issue becomes ever more pressing, mastering the skills to understand the challenges it poses and how to navigate them, becomes vital for everyone looking to future-proof their career.
Meet the growing demand for ESG investing and succeed in the evolving investment landscape: https://cfainst.is/3RQBp1y
And if you're looking for more advanced knowledge and practical application of climate-related factors to conduct analysis, valuation, and portfolio construction take a look at our new Climate Risk, Valuation, and Investing Certificate: https://cfainst.is/3xSvnq7
15/07/2024
Why GROW Investment Group is taking a contrarian view of the . Read the latest market strategy to learn more about the company’s bullish stance.
Download the full report: https://cfainst.is/4cRVs7z
*This report is provided by GROW Investment Management, visit here for more: https://cfainst.is/3VXkNax
"It goes beyond just the three letters and doing the exams, it's really about the community" - Sandra Cafazzo, CFA.
Membership to CFA Institute and a local society means being part of the close-knit community leading the investment profession in more than 160 markets around the world.
Excited to uncover the surge of private markets?
Join our webinar on 16 July as we explore the rise of private equity and debt, global impact, and post-Covid economic shifts, featuring an insightful conversation with Matthew Harvey, Zach Ellison CFA, CAIA and moderator Olivier Fines, CFA. As a bonus, you’ll receive 1 PL credit for joining.
Don't miss out! Register now for valuable insights! Sponsored by PGIM.
🔗 https://cfainst.is/3VuRrjQ
If you're unable to attend or if the timing doesn't suit your time zone, simply select the "Recording Only" option at the top of the page. By signing up, you'll receive access to the webinar, allowing you to watch at your convenience.
Find out what investment professionals are really talking about at Asia-Pacific’s leading research hub this week.
1️⃣ SPDJI Case Study: PenSam Net Zero Indices https://cfainst.is/3XVlLp8
2️⃣ APAC Open Day - The Future of Work in Investment Management: Skills and Learning https://cfainst.is/4ePA30U
3️⃣ CFA Society Beijing Podcasts: China Charter Chat https://cfainst.is/4bsbTqk
More on CFA Institute Asia Pacific Research Exchange: https://cfainst.is/3VXkNax
12/07/2024
Join this month's engaging discussions and gain valuable insights from our upcoming webinars with industry leaders.
Uncover the surge of private markets with our webinar sponsored by PGIM, join an insightful conversation about private equity and asset management, and follow our series of Conversations with Frank Fabozzi as he discusses with guest Elroy Dimson.
Register today: https://cfainst.is/4cWtMyG
Wondering how new technology can impact the work of financial modeling, and investment professionals? Hear Gavin Teo's take on the benefits and possibilities of AI and more.
Did his insightful commentary pique you interest? Why not sign-up for our Data Science for Investment Professionals Certificate today and equip yourself with practical knowledge of data techniques and machine learning fundamentals.
Enroll here: https://cfainst.is/3RW0qrV
10/07/2024
What are the top sustainability jobs people have after completing the Certificate in ESG Investing? Where can the Certificate in ESG Investing take my career?
We crunched the numbers and found out where our certificate holders are in their careers today!
10/07/2024
With Federal Reserve Chair Jerome Powell's semiannual address to the Senate Banking Committee this week fresh in mind, it is an ideal time to consider the drivers of r*. In an era defined by all-powerful central banks, r* may indeed be an artificial creation, argues Ladislao Vidal, CFA, in .
In Search of the Elusive Neutral Interest Rate With Federal Reserve Chair Jerome Powell’s semiannual address to the Senate Banking Committee this week fresh in mind, it is an ideal time to consider the drivers of r*.
10/07/2024
Watch our presentation from APAC Open Day and stay ahead in the ever-evolving world of finance and investment. Here are some of the things the speakers will address:
09/07/2024
Commodities have historically benefited longer-term investors who are concerned with inflation, advise David Blanchett, PhD, CFA, CFP, and Jeremy Stempien. Their analysis suggests that investment professionals may need to take a more nuanced view of certain investments, especially real assets like commodities, when building portfolios.
Commodities for the Long Run? Asset classes such as commodities have historically had notable diversification benefits for longer-term investors who are concerned with inflation.
09/07/2024
Sustainability Story new episodes online!
Listen to our expert guests and hosts in the latest episodes featuring intimate conversations with thought leaders in ESG investing and sustainability:
🍃Lindsey Stewart, CFA - Proxy Voting and Investor Engagement Practices: Nicole Gehrig is joined by Lindsey Stewart, CFA, from Morningstar Sustainalytics to explore stewardship themes.
🍃Nels Ylitalo - Global Sustainability Regulations: Co-host Josina Kamerling talks with Nels Ylitalo from FactSet about his diverse background and the complexities of global financial regulations.
Listen and join the conversation: https://cfainst.is/43JGtsA
08/07/2024
Find out how S&P Dow Jones Indices collaborated with Denmark’s labor market pension fund to address portfolio construction concerns about its benchmark. Here are the points that are considered for the solution to correct the portfolio:
Find out what investment professionals are really talking about at Asia-Pacific’s leading research hub this week.
1️⃣ Non-rating Action Commentary: China Is Reshaping Its Public Debt Structure https://cfainst.is/4czmKzA
2️⃣ APAC Open Day - Exploring the Path to Earning the CFA Charter: First-Hand Candidate Experience Sharing https://cfainst.is/45IdvuT
3️⃣ Market Capitalization in Malaysia: What Does It Tell Us? https://cfainst.is/3zfyclr
More on CFA Institute Asia Pacific Research Exchange: https://cfainst.is/3VXkNax
What is market capitalisation, and how can it be applied to real-world ? Here are some of the questions this case study on the Malaysian stock market covers.
❓ Why is market capitalization important in investment valuation?
❓ How to use screening to classify stocks with different market capitalization within a stock exchange?
❓ How to apply market capitalization in common stock valuation?
Download the report to find out more: https://cfainst.is/3zfyclr
This report is submitted by Dr. Yoke Yue Kan, CFA. For more papers, please visit https://cfainst.is/3VXkNax
04/07/2024
🎙️ Explore our latest podcast episodes featuring in-depth discussions on alternative credit, the role of commodities in portfolio allocation, AI in finance, and Warren Buffett's approach.
Join Mike Wallberg, CFA, and a lineup of experts for insightful conversations and valuable perspectives: https://cfainst.is/3TnlWWw
03/07/2024
Vanguard's OCIO clients should be wary of the higher-fee active funds and that are now open to them, urges Mark Higgins, CFA, CFP. Trustees are often presented with “new opportunities” which are framed in a way that overstates the benefits, understates the risks, discounts the skills required to succeed, and all but ignores incrementally higher costs, he cautions.
Vanguard’s Former OCIO Clients Must Stand Their Ground Vanguard’s OCIO clients should be wary of the higher-fee active funds and alternative investments that are now open to them.
Have you faced challenges while preparing for exam, and does on-the-job experience benefit your studies? Watch our presentation featuring industry professionals who share their experiences and offer valuable advice to help boost your career. Below are some of the points this session will cover:
💡 The benefits of taking and completing CFA Program.
💡Time management between other commitments and preparing for the exam.
💡Would starting the CFA Program during university help?
💡Useful tips on where to start your preparation and succeed after enrolling to the exam.
Tune in now: https://cfainst.is/45IdvuT
02/07/2024
In , Yoshimasa Satoh, CFA, emphasizes the relevance of the principle 'garbage in, garbage out' regardless of the sophistication of the firm’s AI tools. He proposes that understanding the best practices for data governance and management are useful in leveraging data for improved business decisions.
Are Your Data Governance and Management Practices Keeping Pace with the AI Boom? No matter how sophisticated and expensive a firm’s AI tools are, it should not forget that the principle “garbage in, garbage out” (GIGO) applies to the entire investment management process.…
02/07/2024
You mastered the challenge! Congratulations on continuing your journey to the top by passing the Level II exam.
Celebrate the good news with your network by sharing this post and don’t forget to tag us or use – we want to know how you’re feeling!
To all the candidates, we recognize all your hard work and dedication, regardless of the outcome you have every reason to be proud of yourself. For those who didn’t pass, your score report will provide valuable insights to guide your future success.
If you don’t have your results yet, check your email or click here for direct access: https://cfainst.is/3VIAkJY
How the Chinese government could take the lead with public debt restructuring. CSPI Ratings anticipates a strategic framework to control and resolve local government debt. Summary as below:
📝 CSPI projects that the future evolution of China's public sector debt will be guided by a strategic framework characterised by the active increase of debt by the central government (CG).
📝 CG's utilisation of ultra-long special bonds as a key mechanism for increasing leverage is projected to raise CG's debt ratio by approximately 5 percentage points in the long run.
📝 The overall fiscal equilibrium of LGs will be upheld while deficit and debt pressures persist.
📝 Resolving the short-term fiscal challenges and debt pressures of LGs necessitates a combination of augmenting revenue streams, reducing expenditures, and bolstering central transfer payments. However, the longterm solution lies in fundamental fiscal and tax system reforms.
📝 The prolonged strategic manoeuvring between the central and local governments serves as the fundamental basis for debt resolution.
📝 The implementation of the "Package of Debt Resolution Schemes" has bolstered the government's accountability in managing general debt, receiving widespread recognition in the market as a confidence boost for LGFVs.
📝 The future landscape suggests that commercialised state-owned enterprises may emerge as the primary drivers of local leveraging efforts.
Read the full report: https://cfainst.is/4czmKzA
*This report is provided by CSPI Ratings, visit here for more: https://cfainst.is/3VXkNax
29/06/2024
Proxy data and estimates are likely to play an important role in plugging disclosure gaps in financial institutions' Scope 3 emissions, Mobi Shemfe, PhD, and Jaakko Kooroshy predict. What is but a proverbial footnote in the emissions profiles of most companies is a critical component of financial institutions’ overall emissions disclosures, they note.
Conundrum Cubed: Scope 3 for Financials Proxy data and estimates are likely to play an important role in plugging disclosure gaps in financial institutions’ Scope 3 emissions.
Find out what investment professionals are really talking about at Asia-Pacific’s leading research hub this week.
1️⃣ Return Convexity in Trend Following https://cfainst.is/3KMzpTZ
2️⃣ APAC Open Day – Evolution of the CFA Program https://cfainst.is/4er5nm9
3️⃣ Should Emerging Market Debt Investors Worry About Higher-For-Longer? https://cfainst.is/4erIL5i
More on CFA Institute Asia Pacific Research Exchange: https://cfainst.is/4bsawsr
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