Browse CFA Level 1

Chapter 14: Global and Multi-Asset Perspectives

Chapter 14: Global and Multi-Asset Perspectives (CFA Level 1): Practical explanations of core ideas, with key terms, formulas, and common exam pitfalls.

In this section

  • International Diversification and Emerging Markets
    International Diversification and Emerging Markets (CFA Level 1): Test Your Knowledge: International Diversification and Emerging Markets and When considering an investment in emerging markets, one. Key definitions, formulas, and exam tips.
  • Global Macroeconomic Factors in Asset Allocation
    Global Macroeconomic Factors in Asset Allocation (CFA Level 1): Role of Global Macroeconomic Indicators in Asset, Integrating Key Macroeconomic Indicators, and GDP Growth Rates. Key definitions, formulas, and exam tips.
  • Multi-Asset Strategies and Tactics
    Multi-Asset Strategies and Tactics (CFA Level 1): Defining Multi-Asset Strategies, Key Benefits, and Strategic vs. Tactical Approaches. Key definitions, formulas, and exam tips.
  • Cross-Asset Correlations and Macro Hedging
    Cross-Asset Correlations and Macro Hedging (CFA Level 1): Importance of Cross-Asset Correlations, Why Correlations Shift During Stress, and Macro Hedging: Protecting Portfolios from Broad Economic Risks. Key definitions, formulas, and exam tips.
  • Regional Regulatory and Tax Considerations
    Regional Regulatory and Tax Considerations (CFA Level 1): Regulatory Differences Across Major Markets, Common Compliance Themes, and Disclosure Requirements. Key definitions, formulas, and exam tips.
  • Political Risk and Geopolitical Analysis
    Political Risk and Geopolitical Analysis (CFA Level 1): Understanding Political Risk, Assessing and Quantifying Geopolitical Risk, and Policy Changes and Market Impacts. Key definitions, formulas, and exam tips.
  • Global Multi-Factor Investing
    Global Multi-Factor Investing (CFA Level 1): Core Global Factors, Regional Variation in Factor Exposures, and Economic Structures and Investor Behavior. Key definitions, formulas, and exam tips.
  • Currency Appreciation and Depreciation Effects
    Currency Appreciation and Depreciation Effects (CFA Level 1): Effects of Currency Movements on Portfolio Returns, Economic Fundamentals Behind Currency Trends, and Purchasing Power Parity (PPP). Key definitions, formulas, and exam tips.
  • Local Market Anomalies and Arbitrage
    Local Market Anomalies and Arbitrage (CFA Level 1): Identifying Local Market Anomalies, Arbitrage Opportunities in Local Markets, and Risk Factors in Exploiting Local Anomalies. Key definitions, formulas, and exam tips.
  • International Fund Structures and Setups
    International Fund Structures and Setups (CFA Level 1): Key International Fund Structures, UCITS: Europe’s Passportable Funds, and SICAVs: Europe’s Open-Ended Structures. Key definitions, formulas, and exam tips.
  • ESG Standards Across Different Regions
    ESG Standards Across Different Regions (CFA Level 1): Emerging ESG Frameworks Worldwide, European ESG Regulations (EU SFDR), and ESG Emphasis in the United States. Key definitions, formulas, and exam tips.
  • Techniques for Global Monitoring and Analytics
    Techniques for Global Monitoring and Analytics (CFA Level 1): Real-Time Data Feeds: Staying One Step Ahead and Brief Personal Anecdote on Real-Time Data. Key definitions, formulas, and exam tips.
  • Managing Transaction and Operational Risks
    Managing Transaction and Operational Risks (CFA Level 1): Understanding Cross-Border Transaction Risk, Operational Risks in a Global Context, and Best Practices for Operational Integrity. Key definitions, formulas, and exam tips.
  • International Portfolio Implementation Pitfalls
    International Portfolio Implementation Pitfalls (CFA Level 1): Common Pitfalls in Global Portfolio Construction, Home Bias and Overconcentration, and Poor Benchmarking and Market Representation. Key definitions, formulas, and exam tips.
  • Hedging Political and Economic Uncertainty
    Hedging Political and Economic Uncertainty (CFA Level 1): Understanding the Nature of Political and Economic Uncertainty, Common Tools for Hedging Uncertainty, and Options. Key definitions, formulas, and exam tips.
  • Scenario Planning for Global Recession vs. Growth
    Scenario Planning for Global Recession vs. Growth (CFA Level 1): Why Scenario Planning Matters, Common Global Scenarios and Their Implications, and Scenario Planning Process. Key definitions, formulas, and exam tips.

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