友情提醒：CFA考試大綱變化的各個(gè)知識點(diǎn)是每年考試容易出現(xiàn)的重點(diǎn)，CFA備考復(fù)習(xí)過程中要尤其重視。高頓CFA老師整理CFA協(xié)會發(fā)送的：

　　1、經(jīng)濟(jì)學(xué)
　　無變化
　　2、財(cái)務(wù)報(bào)表分析
　　原2016年Reading 16刪除
　　Inventories:Implications for Financial Statements and Ratios原2016年Reading 17刪除
　　Long-lived Assets:Implications for Financial Statements and Ratios
　　3、股權(quán)投資
　　原2016年Reading 31刪除
　　The Five Competitive Forces That Shape Strategy原2016年Reading 32刪除
　　Your Strategy Needs a Strategy
　　4、另類投資
　　原2016年Reading 42改變
　　從2016 A Primer on Commodity Investing
　　改變?yōu)?017 Commodities and Commodity Derivatives:An Introduction
　　以下為2017年新內(nèi)容
　　A.compare characteristics of commodity sectors;B.compare the life cycle of commodity sectors from production through trading or consumption;C.contrast the valuation of commodities with the valuation of equities and bonds;D.describe types of participants in commodity futures markets;E.analyze the relationship between spot prices and expected future prices in markets in contango and markets in backwardation;F.compare theories of commodity futures returns;G.describe,calculate,and interpret the components of total return for a fully collateralized commodity futures contract;H.contrast roll return in markets in contango and markets in backwardation;I.describe how commodity swaps are used to obtain or modify exposure to commodities;J.describe how the construction of commodity indexes affects index returns.
　　5、投資組合
　　新增2017年
　　Measuring and Managing Market Risk
　　Algorithmic trading and high-frequency trading以下為2017年新內(nèi)容
　　Measuring and Managing Market Risk
　　A.explain the use of value at risk(VaR)in measuring portfolio risk;B.compare the parametric(variance-covariance),historical simulation,and Monte Carlo simulation methods for estimating VaR;C.estimate and interpret VaR under the parametric,historical simulation,and Monte Carlo simulation methods;D.describe advantages and limitations of VaR;E.describe extensions of VaR;
　　F.describe sensitivity risk measures and scenario risk measures and compare these measures to VaR;G.demonstrate how equity,fixed-income,and options exposure measures may be used in measuring and managing market risk and volatility risk;H.describe the use of sensitivity risk measures and scenario risk measures;I.describe advantages and limitations of sensitivity risk measures and scenario risk measures;J.describe risk measures used by banks,asset managers,pension funds,and insurers;K.explain constraints used in managing market risks,including risk budgeting,position limits,scenario limits,and stop-loss limits;L.explain how risk measures may be used in capital allocation decisions.
　　Algorithmic trading and high-frequency tradingA.define algorithmic trading;
　　B.distinguish between execution algorithms and high-frequency trading algorithms;C.describe types of execution algorithms and high-frequency trading algorithms;D.describe market fragmentation and its effects on how trades are placed;E.describe the use of technology in risk management and regulatory oversight;F.describe issues and concerns related to the impact of algorithmic and high-frequency trading on securities markets.
　　6、道德
　　無變化
　　7、量化分析
　　無變化
　　8、公司金融
　　無變化
　　9、固定收益
　　新增：
　　READING 39.CREDIT DEFAULT SWAPS
　　The candidate should be able to:
　　a describe credit default swaps(CDS),single-name and index CDS,and the parameters that define a given CDS product;b describe credit events and settlement protocols with respect to CDS;c explain the principles underlying,and factors that influence,the market’s pricing of CDS;d describe the use of CDS to manage credit exposures and to express views regarding changes in shape and/or level of the credit curve;e describe the use of CDS to take advantage of valuation disparities among separate markets,such as bonds,loans,equities,and equity-linked instruments.
　　10、衍生品
　　結(jié)構(gòu)雖然有大的調(diào)整，但是核心知識點(diǎn)并未改變，見下面黃色字體標(biāo)注關(guān)鍵變動(dòng)：
　　1.CDS刪除，實(shí)際移動(dòng)到固定收益
　　2.2016年CFA考試大綱提及到的Eurodollar Future,cap and floor,contango and backwardation,FRA，2017年CFA考試大綱中并未重點(diǎn)提到。
文章來源：高頓財(cái)經(jīng)