CFA Level 3 | Equity Return Attribution (Brinson-Fachler Model) скачать в хорошем качестве

CFA Level 3 | Equity Return Attribution (Brinson-Fachler Model)

For more resources on the CFA program, visit https://www.fabianmoa.com. CFA Level 3 Volume 3: Performance Measurement Learning Module 1: Portfolio Performance Evaluation When a manager outperforms or underperforms the benchmark, a question we will want to explore is: What contributed to it? And to answer that question, we have to conduct a performance attribution process. For equity return attribution, this can be done using the Brinson-Fachler model, which is the focus of the CFA Level 3 syllabus. The Brinson-Hood-Beebower (BHB) model is first introduced to form the foundation, but Brinson-Fachler is the focus in this case. In the model, there are three effects: Allocation effect Selection effect Interaction effect Disclaimer: CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. This channel is independently produced and is not affiliated with or endorsed by CFA Institute or any other organization.