{"id":9806,"date":"2026-05-06T16:04:12","date_gmt":"2026-05-06T07:04:12","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/?p=9806"},"modified":"2026-05-06T16:26:45","modified_gmt":"2026-05-06T07:26:45","slug":"2027-l3-cur","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/05\/06\/2027-l3-cur\/","title":{"rendered":"\u3010CFA \u30ec\u30d9\u30eb3\u30112027\u5e74\u53d7\u9a13 \u5b66\u7fd2\u9805\u76ee\u4e00\u89a7\uff01"},"content":{"rendered":"
\n
\"\"<\/div>\n
<\/div>\n
\n
2027\u5e74 Level 3 \u5b66\u7fd2\u9805\u76ee : Learning Outcome Statements \u306f2026\u5e74\u304b\u3089\u5909\u5316\u7121\u3057\u3067\u3059\uff01<\/div>\n<\/div><\/div>\n

CFA \u30ec\u30d9\u30eb 3 \u306e\u5168\u4f53\u50cf\u306b\u3064\u3044\u3066<\/h2>\n

https:\/\/triumphmind.com\/cfa\/2025\/04\/09\/cfa-level-3-summary\/<\/p>\n

\u5b66\u7fd2\u9805\u76ee\u4e00\u89a7\uff08\u5171\u901a\u79d1\u76ee\uff09<\/h2>\n\n\n\n\n\n\n\n
Asset Allocation
\n\uff08\u8cc7\u7523\u914d\u5206\uff09<\/th>\n		\n
    \n
  1. Capital Market Expectations, Part 1: Framework and Macro Considerations
    \n\uff08\u8cc7\u672c\u5e02\u5834\u306e\u671f\u5f85 \u305d\u306e1\uff1a\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u3068\u30de\u30af\u30ed\u7684\u8003\u616e\u4e8b\u9805\uff09<\/li>\n
  2. Capital Market Expectations, Part 2: Forecasting Asset Class Returns
    \n\uff08\u8cc7\u672c\u5e02\u5834\u306e\u671f\u5f85 \u305d\u306e2\uff1a\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u30ea\u30bf\u30fc\u30f3\u4e88\u6e2c\uff09<\/span><\/li>\n
  3. Overview of Asset Allocation
    \n\uff08\u8cc7\u7523\u914d\u5206\u306e\u6982\u8981\uff09<\/span><\/li>\n
  4. Principles of Asset Allocation
    \n\uff08\u8cc7\u7523\u914d\u5206\u306e\u539f\u5247\uff09<\/span><\/li>\n
  5. Asset Allocation with Real-World Constraints
    \n\uff08\u73fe\u5b9f\u4e16\u754c\u306e\u5236\u7d04\u3092\u4f34\u3046\u8cc7\u7523\u914d\u5206\uff09<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
Portfolio Constructio
\n\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\uff09<\/th>\n		\n
    \n
  1. Overview of Equity Portfolio Management
    \n\uff08\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7ba1\u7406\u306e\u6982\u8981\uff09<\/li>\n
  2. Overview of Fixed-Income Portfolio Management
    \n\uff08\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7ba1\u7406\u306e\u6982\u8981\uff09<\/li>\n
  3. Asset Allocation to Alternative Investments
    \n\uff08\u30aa\u30eb\u30bf\u30ca\u30c6\u30a3\u30d6\u6295\u8cc7\u3078\u306e\u8cc7\u7523\u914d\u5206\uff09<\/li>\n
  4. An Overview of Private Wealth Management
    \n\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a6\u30a7\u30eb\u30b9\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u6982\u8981\uff09<\/li>\n
  5. Portfolio Management for Institutional Investors
    \n\uff08\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u305f\u3081\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7ba1\u7406\uff09<\/li>\n
  6. Trading Costs and Electronic Markets
    \n\uff08\u53d6\u5f15\u30b3\u30b9\u30c8\u3068\u96fb\u5b50\u5e02\u5834\uff09<\/li>\n
  7. Case Study in Portfolio Management: Institutional (SWF)
    \n\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7ba1\u7406\u306e\u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\uff1a\u6a5f\u95a2\u6295\u8cc7\u5bb6\uff08SWF\uff09\uff09<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
Performance Measurement
\n\uff08\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u6e2c\u5b9a\uff09<\/th>\n		\n
    \n
  1. Portfolio Performance Evaluation
    \n\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u8a55\u4fa1\uff09<\/li>\n
  2. Investment Manager Selection
    \n\uff08\u6295\u8cc7\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u9078\u5b9a\uff09<\/li>\n
  3. Overview of the Global Investment Performance Standards
    \n\uff08\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u57fa\u6e96\uff08GIPS\uff09\u306e\u6982\u8981\uff09<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
Derivatives and Risk Management
\n\uff08\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u3068\u30ea\u30b9\u30af\u7ba1\u7406\uff09<\/th>\n		\n
    \n
  1. Options Strategies
    \n\uff08\u30aa\u30d7\u30b7\u30e7\u30f3\u6226\u7565\uff09<\/li>\n
  2. Swaps, Forwards, and Futures Strategies
    \n\uff08\u30b9\u30ef\u30c3\u30d7\u3001\u30d5\u30a9\u30ef\u30fc\u30c9\u3001\u304a\u3088\u3073\u5148\u7269\u6226\u7565\uff09<\/li>\n
  3. Currency Management: An Introduction
    \n\uff08\u901a\u8ca8\u7ba1\u7406\uff1a\u5165\u9580\uff09<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
Ethical and Professional Standards
\n\uff08\u502b\u7406\u304a\u3088\u3073\u8077\u696d\u57fa\u6e96\uff09<\/th>\n		\n
    \n
  1. Code of Ethics and Standards of Professional Conduct
    \n\uff08\u502b\u7406\u898f\u7bc4\u304a\u3088\u3073\u8077\u696d\u884c\u70ba\u57fa\u6e96\uff09<\/li>\n
  2. Guidance for Standard I: Professionalism
    \n\uff08\u57fa\u6e96 I\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\uff1a\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30ea\u30ba\u30e0\uff09<\/li>\n
  3. Guidance for Standard II: Integrity of Capital Markets
    \n\uff08\u57fa\u6e96 II\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\uff1a\u8cc7\u672c\u5e02\u5834\u306e\u5065\u5168\u6027\uff09<\/li>\n
  4. Guidance for Standard III: Duties to Clients
    \n\uff08\u57fa\u6e96 III\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\uff1a\u9867\u5ba2\u3078\u306e\u7fa9\u52d9\uff09<\/li>\n
  5. Guidance for Standard IV: Duties to Employers
    \n\uff08\u57fa\u6e96 IV\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\uff1a\u96c7\u7528\u8005\u3078\u306e\u7fa9\u52d9\uff09<\/li>\n
  6. Guidance for Standard V: Investment Analysis, Recommendations, and Actions
    \n\uff08\u57fa\u6e96 V\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\uff1a\u6295\u8cc7\u5206\u6790\u3001\u63a8\u5968\u3001\u304a\u3088\u3073\u884c\u52d5\uff09<\/li>\n
  7. Guidance for Standard VI: Conflicts of Interest
    \n\uff08\u57fa\u6e96 VI\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\uff1a\u5229\u76ca\u76f8\u53cd\uff09<\/li>\n
  8. Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate
    \n\uff08\u57fa\u6e96 VII\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\uff1aCFA\u5354\u4f1a\u30e1\u30f3\u30d0\u30fc\u307e\u305f\u306fCFA\u5019\u88dc\u8005\u3068\u3057\u3066\u306e\u8cac\u4efb\uff09<\/li>\n
  9. Application of the Code and Standards: Level III
    \n\uff08\u502b\u7406\u898f\u7bc4\u3068\u57fa\u6e96\u306e\u9069\u7528\uff1a\u30ec\u30d9\u30eb III\uff09<\/li>\n
  10. Asset Manager Code of Professional Conduct
    \n\uff08\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u8077\u696d\u884c\u70ba\u898f\u7bc4\uff09<\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    \u51fa\u6240\uff1aCFA Institute (Portfolio Pathway<\/a> \/ Private Market Pathway<\/a>)<\/p>\n

    \u5b66\u7fd2\u9805\u76ee\u4e00\u89a7\uff08\u9078\u629e\u79d1\u76ee\uff09<\/h2>\n\n\n\n\n
    Portfolio Management Pathway
    \n\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d1\u30b9\u30a6\u30a7\u30a4\uff09<\/th>\n    		\n
      \n
    1. Index-Based Equity Strategies
      \n\uff08\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30d9\u30fc\u30b9\u306e\u682a\u5f0f\u6226\u7565\uff09<\/li>\n
    2. Active Equity Investing: Strategies
      \n\uff08\u30a2\u30af\u30c6\u30a3\u30d6\u682a\u5f0f\u6295\u8cc7\uff1a\u6226\u7565\uff09<\/span><\/li>\n
    3. Active Equity Investing: Portfolio Construction
      \n\uff08\u30a2\u30af\u30c6\u30a3\u30d6\u682a\u5f0f\u6295\u8cc7\uff1a\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\uff09<\/span><\/li>\n
    4. Liability-Driven and Index-Based Strategies
      \n\uff08\u8ca0\u50b5\u4e3b\u5c0e\u578b\u304a\u3088\u3073\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30d9\u30fc\u30b9\u306e\u6226\u7565\uff09<\/span><\/li>\n
    5. Yield Curve Strategies
      \n\uff08\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u6226\u7565\uff09<\/span><\/li>\n
    6. Fixed-Income Active Management: Credit Strategies
      \n\uff08\u50b5\u5238\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\uff1a\u30af\u30ec\u30b8\u30c3\u30c8\u6226\u7565\uff09<\/span><\/li>\n
    7. Trade Strategy and Execution
      \n\uff08\u53d6\u5f15\u6226\u7565\u3068\u57f7\u884c\uff09<\/span><\/li>\n
    8. Case Study in Portfolio Management: Institutional (Endowment)
      \n\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7ba1\u7406\u306e\u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\uff1a\u6a5f\u95a2\u6295\u8cc7\u5bb6\uff08\u30a8\u30f3\u30c0\u30a6\u30e1\u30f3\u30c8\/\u5927\u5b66\u8ca1\u56e3\u7b49\uff09\uff09<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
    Private Markets Pathway
    \n\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d1\u30b9\u30a6\u30a7\u30a4\uff09<\/th>\n    		\n
      \n
    1. Private Investments and Structures
      \n\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u6295\u8cc7\u3068\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30fc\uff09<\/li>\n
    2. General Partner and Investor Perspectives and the Investment Process
      \n\uff08\u30bc\u30cd\u30e9\u30eb\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u3068\u6295\u8cc7\u5bb6\u306e\u8996\u70b9\u304a\u3088\u3073\u6295\u8cc7\u30d7\u30ed\u30bb\u30b9\uff09<\/span><\/li>\n
    3. Private Equity
      \n\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\uff09<\/span><\/li>\n
    4. Private Debt
      \n\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30c7\u30c3\u30c8\uff09<\/span><\/li>\n
    5. Private Special Situations
      \n\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30b9\u30da\u30b7\u30e3\u30eb\u30fb\u30b7\u30c1\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff09<\/span><\/li>\n
    6. Private Real Estate Investments
      \n\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u4e0d\u52d5\u7523\u6295\u8cc7\uff09<\/span><\/li>\n
    7. Infrastructure
      \n\uff08\u30a4\u30f3\u30d5\u30e9\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30fc\uff09<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
      \n
      \"\"<\/div>\n
      <\/div>\n
      \n
      FA-Academy\u3067\u306f\u5727\u5012\u7684\u6e80\u8db3\u5ea6\u3092\u8a87\u308b\u30d5\u30eb\u30b5\u30dd\u30fc\u30c8\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\uff01<\/div>\n<\/div><\/div>\n

      https:\/\/triumphmind.com\/cfa\/2025\/06\/30\/leveraged-support-course\/<\/p>\n