NISM 21B Portfolio Managers Exam Notes

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  • CMT in PMS: Guides allocation, evaluation.
  • Risk-Free Asset Role: Anchors CML, enables borrowing/lending.
  • Multi-Factor Models: Improve CAPM with additional factors.
  • CAPM Testing: Uses regression, market data.
  • Portfolio Risk Management: Balances risk, return via CMT.

NISM 21B Portfolio Managers

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