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Basic Question 9 of 10

Risk budgeting or risk allocation includes ______

I. decomposing the aggregate risk of a portfolio (or even of the entire investment process) into its constituents (risk factors or drivers) on a quantitative basis.
II. setting risk limits (risk budgets) to each asset class (or even single asset), factor, and/or investment manager (ex ante).
III. allocating assets in compliance with risk budgets.
IV. monitoring the use or abuse of risk budgets on an ongoing basis.

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

explain the specification of asset classes in relation to asset allocation

describe the principles of portfolio construction and the role of asset allocation in relation to the IPS

CFA® 2024 Level I Curriculum, Volume 6, Module 4.