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- 2011-7-11
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- 2016-4-19
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As a retaker, I was interested to see what changed between last years (2011) material and this years (2012) material so I did a comparison of the two LOS summaries. And there are sevenless readings in the new material compared to this previous year. Two of the readings were combined and added to so the grand total of readings is now 64 sections. Unfortunately, most of the readings that they removed were more of the "fluff" readings.
Here's a breakdown of the 2012 material compared to this past years. All the reading numbers are from the 2011 CFAI material:
Ethics - All the same
Quant - All the same
Econ -
Removed Reading 17 - Balance of Payments section. No more interest rate parity and purchasing power parity or the balance of payments section.
FRA - All the same
CorpFin -
In Reading 33 M&A - One LOS was removed about US antitrust legislation.
Equity-
Removed Reading 36 - Markets and Instruments
No more 'why is an ADR different from a closed country fund and ETF?'
Removed Reading 38 - No more life cycle and franchise value model
In Readings 39 and 44 they simply changed an LOS or two - no reading changes.
Alt Inv -
Removed Reading 50 - Investing in Commodities
No more contango vs backwardation
Readings 51 and 52 - Both about Hedge Funds, were combined into one reading and new LOS were added, the only new reading in the material.
Fixed Income -
Removed Reading 54
No more conservative vs speculative vs ponzi
Derivs - All the same
PortMan - All the same
My main reason for comparing was to see how much new reading there would have to be and how different would SchweserNotes be. Being a cheapo, I don't want to fork over the money for new study materials (other than the CFAI) if I don't have to. And looking at the 2012 LOS summary it doesn't look I will be purchasing new stuff and using last years books. Sorry Schweser.
Anyone else have comments on the new material? |
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