CFA Level 3: 2024 Curriculum Changes (vs. 2023)
Summary:
- 2024's L3 curriculum is largely similar to 2023's.
New
Updated
- 2024 L3 has 33 readings: 2 readings removed vs 2023.
Removed
Moved
- Overall, just 2-3 readings with notable revisions, rest is the same as 2023
Topic
Economics
Portfolio Management
Derivatives
Fixed Income
Equity
Alternative Investments
Ethics
Reading #
Reading Name
Comments
31
Capital Market Expectations, Part 1: Framework and Macro Considerations
Minor changes: examples updated
42
Capital Market Expectations, Part 2: Forecasting Asset Class Returns
Minor changes: examples updated
3
Currency Management: An Introduction
1
The Behavioral Biases of Individuals
2
Behavioral Finance & Investment Processes
54
Overview of Asset Allocation
65
Principles of Asset Allocation
76
Asset Allocation with Real-World Constraints
21 7
Overview of Private Wealth Management
22 8
Topics in Private Wealth Management
23 9
Risk Management for Individuals
Minor revision: 2 LOS removed
24 10
Portfolio Management for Institutional Investors
Minor revision: 1 LOS removed, exhibit updates
25 11
Trade Strategy and Execution
Minor edits
26 12
Portfolio Performance Evaluation
27 13
Investment Manager Selection
28 14
Case Study in Portfolio Management: Institutional
Minor revision: 2 LOS updated, 1 added
29 15
Case Study in Risk Management: Private Wealth
Minor revision: 1 LOS updated
30 16
Case Study in Risk Management: Institutional
8 17
Option Strategies
9 18
Swaps, Forwards, and Futures Strategies
10
Currency Management: An Introduction
11 19
Overview of Fixed-Income Portfolio Management
12 20
Liability-Driven and Index-Based Strategies
13 21
Yield Curve Strategies
14 22
Fixed-Income Active Management: Credit Strategies
15 23
Overview of Equity Portfolio Management
16 24
Passive Equity Investing
17 25
Active Equity Investing: Strategies
18 26
Active Equity Investing: Portfolio Construction
19 27
Hedge Fund Strategies
20 28
Asset Allocation to Alternative Investments
31 29
Code of Ethics and Standards of Professional Conduct
32 30
Guidance for Standards I-VII
33 31
Application of the Code and Standards: Level III
34 32
Asset Manager Code of Professional Conduct
35 33
Overview of the Global Investment Performance Standards
www.300Hours.com
Minor revision: new client segment
Moved to Economics
Minor revision: 1 LOS removed