As a french leaving in Singapore, I can say that people here take this kind of exam very seriously and again part 1 was full, part 2 was 75% full i would say. Do they count them as "fail" or "no show" ?
there was a question about a coherent scenario for a country that exports oil and gas
I select the answer that says "drop in oil price and increase in the currency"
because not only the oil price drop would hit them but also the increase in currency would hit their exportation
any thought ?
I'm sitting for P2 in Nov. Looking back at your P2 experience yesterday, how would you have changed the concentrations in your prep work? Would you have supplemented BT w/ more deep-dive into the GARP reads? In certain areas of the curriculum (ie Basel), you'd understandably have to cull your focus, but I'm interested in your thoughts on this.
In Nov 2013, I sat for L1. I did the GARP reads and used BT and I was very impressed by the way the BT question bank makes you keen to the curveballs on the exam.
Re portf construction it was asset a corr 0.9 with portfolio and vol 0.25 and return 0.25 and asset b corr 0.4 with vol 0.3 and return 0.2... I went for asset b ,less correlation with portfolio and answer asset b as treynor ratio is higher as the other was beta higher