portfolio-management-past-papers
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UPLOADED BY Unknown
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DATE 06 Dec 2025
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SIZE 2.47 MB
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notes
About This Document
Document Type: This is a Past Paper, designed for Reviewing previous question patterns.
Context: Standard material from the 2025 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Attempt these questions under timed conditions to simulate a real exam environment, then check against your notes.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "portfolio-management-past-papers" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Master key concepts required for examination success
- Practice answering exam-style questions effectively
- Develop time management skills for timed assessments
- Identify and address knowledge gaps in understanding
Detailed Summary
CIFA INTERMEDIATE LEVEL PORTFOLIO MANAGEMENT THURSDAY: 21 August 2025. Marks allocated to each question are shown at the end of the question. Do NOT write anything on this paper. (4 marks) (ii) Explain how investor’s risk tolerance influences asset allocation and security selection. (2 marks) Susan Auma is a financial analyst with Tafriq Capital and is assessing three well diversified portfolios under the Arbitrage Pricing Theory (APT) framework. The market is influenced by three common risk factors with the following estimated risk premiums: • Factor 1: Inflation surprise 3. Distinguish between investors “ability to bear risk” and “willingness to take risk”. c (b) (i) ke QUESTION ONE (a) In relation to portfolio planning and construction: The risk free rate is 4%. The factor sensitivities (betas) and expected returns of three portfolios (A, B and C) are as follows: Portfolio A B C (c) 1 (Inflation) 1. 0 Required: (i) Highlight TWO assumptions of the APT. (2 marks) (ii) Compute the expected return of portfolio A, B and C.
Study Tips & Recommendations
Time Management
Practice under timed conditions to improve speed and accuracy. Allocate specific time limits to each section.
Active Practice
Attempt all questions before checking answers. Review mistakes to understand where improvements are needed.
Mark Scheme Review
Study marking schemes carefully to understand how examiners award points and structure your answers accordingly.
Regular Review
Schedule periodic reviews to reinforce learning and combat forgetting. Use spaced repetition for optimal retention.
Content Preview
CIFA INTERMEDIATE LEVEL PORTFOLIO MANAGEMENT THURSDAY: 21 August 2025. Morning Paper. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. Show ALL your workings. Do NOT write anything on this paper. (4 marks) (ii) Explain how investor’s risk tolerance influences asset allocation and security selection. (2 marks) Susan Auma is a financial analyst with Tafriq Capital and is assessing three well diversified portfolios under the Arbitra...
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