Topic 10 of 10 • CFA Level 1

Portfolio Management

Portfolio theory, CAPM, and risk management

6
Subtopics
40
Learning Outcomes
8-12%
Exam Weight

Topic Overview

Portfolio Management is one of the 10 major topic areas in the CFA Level 1 curriculum, representing approximately 8-12% of the exam. This topic area covers 6 key subtopics that form the foundation of portfolio management knowledge required for investment professionals.

Understanding portfolio management is essential for CFA candidates as it provides the fundamental concepts needed to analyze financial markets and make informed investment decisions. This topic area includes 40 specific learning outcomes that candidates must master for the exam.

Subtopics in Portfolio Management

1

Portfolio Risk and Return: Part I

7 learning outcomes

2

Portfolio Risk and Return: Part II

9 learning outcomes

3

Portfolio Management: An Overview

6 learning outcomes

4

Basics of Portfolio Planning and Construction

8 learning outcomes

5

The Behavioral Biases of Individuals

3 learning outcomes

6

Introduction to Risk Management

7 learning outcomes

Study Tips for Portfolio Management

Recommended Approach

  • • Start with understanding key concepts before memorizing formulas
  • • Practice calculations with real-world examples
  • • Review learning outcomes to ensure complete coverage
  • • Take topic-specific practice quizzes regularly

Key Focus Areas

  • • Understand how this topic connects to other CFA areas
  • • Focus on high-weight subtopics for maximum impact
  • • Review past exam questions for this topic
  • • Create summary notes for quick revision

Ready to Master Portfolio Management?

Practice with our comprehensive question bank featuring questions on all 6 subtopics and 40 learning outcomes.

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Alternative Investments

Other CFA Level 1 Topics

Ethical and Professional Standards
15-20%
Quantitative Methods
6-9%
Economics
6-9%
Financial Statement Analysis
11-14%
Corporate Issuers
6-9%
Equity Investments
11-14%
Fixed Income
11-14%
Derivatives
5-8%
Alternative Investments
7-10%