When I saw a request go out for help sharing my experience and insight by contributing a guest post to a new blog, I thought it would be a great opportunity to shine a light on a smaller group in the CFA charterholder community. I am a CFA charterholder, and I do not work in the money management or financial services industry.
The time or term structure of interest rates, often referred to as “yield curves,” moves continuously as bond prices respond to changes in interest rates. The yield curve graphs this relationship between bond yields (change in price reflected in yield) and bond maturity (time or term).
It may help to know that the skills you learn while preparing for the CFA exams will be useful later in your financial career. While the CFA material has changed over the years and will continue to be updated after your final exam, your analytical skills will endure. Don’t be afraid to use them to question the status quo.
When I left a well-known consulting firm in Paris and moved to Toronto, I knew immigrants in Canada usually struggle to get their first job because of the lack of Canadian experience or Canadian education. I had neither of these, so naturally I felt lucky that I was able to land my first job quite easily. Even though I had what was considered a good experience in treasury risks, hedge accounting, and financial risk management in general, I felt that I needed an additional asset education-wise to fully compete in the Canadian job market on Bay Street.
Buy and hold (B&H), constant mix, and constant proportion portfolio insurance (CPPI) are commonly used dynamic strategies for rebalancing portfolios.
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