NISM 19B AIFD Distributors Certification Exam Notes

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  • Investment Strategy Evolution: Institutional investors shifted to portfolio-based risk assessment in the 1970s.
  • Risky Asset Inclusion: Small-cap stocks, unlisted bonds, and structured products became portfolio staples.
  • Venture Capital Origins: Began with wealthy individuals financing risky ventures post-Industrial Revolution.
  • Merchant Banks: Early institutional financiers in the UK laid the foundation for venture capital.
  • Fund Management Growth: The 1970s and 1980s saw significant expansion in professional fund management.

NISM 19B AIFD Distributors

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