Which are the most important topics to focus for CFA preparation?

1.L3 topic weights are not like L2. 2.Leaving topics is not recommended at any level. More so at L3. 3.Seen in totality, except for Ethics, there's only one topic! (Portfolio management)-a lot of synthesis of readings across study sessions is required to answer questions. So a fixed income or risk management (Risk and derivatives) question is also colored in the portfolio context. For whatever it is worth, the following may help. 4.Portfolio Management-Fixed income which is roughly equal to ethics (ethics not tested in AM till now, fortunately). Risk management+Derivatives may be covered more than equity or AI. Though not always. 5.Economics is often tested in the morning session and has now been specifically included as a topic, unlike earlier, and mostly has direct questions based on formulae, in AM. Together with performance evaluation/attribution/Indirect transaction costs (All Book VI) if tested and solved correctly, may prove to be high scoring compared to qualitative sections. 6.Six out of eleven questions may be directly from portfolio management.

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