Swaps, Forwards, and Futures Strategies
Free CFA Level III: Portfolio Management lesson in Derivatives & Risk Management. 32 min read, ~4,822 words.
Number of equity futures = (Target beta - Current beta) / Futures beta x (Portfolio value / Contract value). Pre-investing cash with futures creates synthetic equity exposure while cash remains in money market. Duration management with bond futures: Number of contracts = (Target DD - Current DD) / DD per...
Read the full lesson, free →
Worked examples, audio narration, and practice. No signup to read.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- swaps forwards futures
Browse all free CFA L3 Portfolio Mgmt lessons or jump into free CFA L3 Portfolio Mgmt practice questions.