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Overview

ARX contains more than 100 articles, reports, webinars and videos that qualify for CE credit under the guidelines of the CFA Institute Continuing Education Program. Below is a selection of most recent posts. 

We encourage CFA Institute members to login to the CE tracking tool to self-document these credits.   

You can find more CE content in the "Webinars" section or by clicking on "Research" in the upper left-hand corner of the page and selecting the “Continuing Education” filter.


Sales Inducements in Asia Pacific: A review of sales and distribution of mutual funds

The report examines regulations and practices regarding sales commissions and fees paid to financial advisers in Australia, Hong Kong SAR, India, and Singapore. It evaluates regulatory initiatives intended to reduce conflicts of interest and improve customer outcomes. 

25 November 2019 | Mary Leung, CFA; Sara Cheng, JD; Piotr Zembrowski, CFA | 3 CE

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Understanding the Investment Fundamentals of Construction and Engineering Sector

The construction industry is being revolutionized by technological advancement. This shift, termed "Industry 4.0" is akin to the changes already happening in the finance and insurance space (fintech and insurtech). Companies are realizing they can enhance product and service delivery through data-based services.

2 October 2019 | CFA Institute | 1 CE

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For more CE content from the series "Understanding Investment Fundamentals", visit the Sector Analysis page.


What Goes Down Must Come Up: Investigating Companies with Negative Book Value

In this paper, we attempted to study the historical performance of US companies with negative book value relative to the broader US equities, as well as to identify the factors that drive the performance of companies with negative book value.

17 July 2019 | Solactive AG | 1 CE

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China Icebergs: Forces That Could Reshape the World

This report by Economist Intelligence Unit, sponsored by PineBridge Investments, examines hidden strengths in the Chinese economy—“icebergs”—that existing and potential investors into the world’s second-largest economy should be watching.

2 October 2019 | PineBridge Investments | 1 CE

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Comparing China Green Definitions with the EU Sustainable Finance Taxonomy

This briefing provides a preliminary analysis on China's Green Bond Endorsed Project Catalogue, the Green Industry Guiding Catalogue and the EU Sustainable Finance Taxonomy in terms of their guiding principles, users, classification and screening.

10 September 2019 | Climate Bonds Initiative | 1 CE

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Diversifier, Hedge & Safe Heaven Properties of Cryptocurrencies: The Case Against Asian Fiat Currencies

The hedging property of Bitcoin is limited but reasonably strong for Stellar, Monero and Ripple. Safe haven is a common property among tested cryptocurrencies.

This paper has been submitted to the 2019 “Finance, Property, Technology and Economy Conference” at University of South Australia.

3 October 2019 | Ruzita Abdul-Rahim, Ling Pick Soon | 1 CE

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An Old Merger Arbitrage Technique Ripe for Takeover: Practitioner's Brief

In this Practitioner’s Brief, veteran financial journalist Rich Blake explores so-called toehold variables in the Australian mergers and acquisitions market. A toehold is a holding of between a 5% stake in a company, which is subject to disclosure, and a 20% stake, which should trigger a tender offer. Toehold stakes have been used as signals of a potential takeover.

2 October 2019 | Rich Blake | 1 CE

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Time Horizons and Diversification Benefits of Japanese REITs

The paper assesses the diversification potential of REITs for investors in stock market and real estate. It derives the correlations between J-REITs, direct real estate assets, and stocks, as well as their volatilities, using a model that accounts both for the long-run relationship between these assets and their short-term dynamics. 

This paper has been submitted to the 2019 “Finance, Property, Technology and Economy Conference” at University of South Australia.

25 September 2019 | Damian Damianov, Nigar Hashimzade, Muhammad Zaim Razak | 1 CE

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Green Infrastructure Investment Opportunities: Australia 2019

The report advocates increasing green investment in the real economy to support Australia’s transition to a low carbon economy. It aims to facilitate greater engagement between project owners, governments and institutional investors.

31 August 2019 | Climate Bonds Initiative | 1 CE

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Integrating Low-Carbon and Factor Strategies in Asia

This paper investigates the impact of low-carbon screening on traditional market-cap-weighted portfolios and factor portfolios (quality, value, momentum, and low volatility) across seven Asian markets: Australia, China, Hong Kong, India, Japan, South Korea, and Taiwan.

29 August 2019 | S&P Dow Jones Indices | 1 CE

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Predicting Prepayment Risk in China’s Residential Mortgage Backed Securities (RMBS)

A new semi-parametric prepayment prediction model of China's residential mortgage-backed securities (RMBS) incorporates the country's market and mortgage characteristics. Many factors have highly non-linear effects on the prepayment rates.

10 June 2019 | Pengyuan International | 1 CE

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ESG Integration in Asia Pacific: Markets, Practices, and Data

A new report by CFA Institute and Principles for Responsible Investment highlights best practices in ESG integration in six APAC markets: Australia, China, Hong Kong SAR, India, Japan, and Singapore.

4 June 2019 | CFA Institute | 5 CE

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The Carry Concept in Fixed Income

“Carry trade” originally gained its popularity in the foreign exchange market. This paper presents an in-depth analysis of "carry and roll-down", a comparable concept in the bond market.

31 May 2019 | FTSE Russell | 1 CE

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Investment Governance for Fiduciaries

The book offers fiduciaries ideas that may help them fulfil their duties to beneficiaries and other stakeholders. Asset consultants and investment managers may find it useful in establishing their credibility among fiduciaries and in pitching their services.

22 April 2019 | CFA Institute Research Foundation | 5 CE

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Sustainable Factor Investing

Analysis of the impact of ESG integration on systematic factors in Australian equities shows that simultaneously exploiting ESG scores with quality, momentum and size characteristics outperforms standard factor strategies.

19 April 2019 | John Hua Fan, Lachlan Michalski | 1 CE

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VIDEO: Seminar and Panel Discussion on IFRS 9

IFRS 9 is considered one of the most impactful accounting changes on the horizon particularly for financial institutions and most importantly for the banking sector. Industry experts share their insights.

11 February 2019 | CFA Society Pakistan | 2 CE | Video: 2 hrs 37 min.

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Islamic and Sustainability Equity Investing

Investors do not have to pay a price for Islamic or sustainable investing. Combining Islamic and sustainability investing strategies offers more rewards, particularly during the economic boom, bullish equity markets and subprime crisis periods.

7 February 2019 | Wajahat Azmi, Adam Ng, Ginanjar Dewandaru, Ruslan Nagayev | 1 CE

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VIDEO: The 3rd ESG Symposium - Dual Class Shares

As the debate around introduction of dual-class shares in Korea heats up, a symposium on the topic, organized by CFA Society Korea focuses on risks the structure can present for investors and the stock market's integrity.

23 January 2019 | CFA Society Korea | 1.5 CE | Video: 1 hr 50 min.

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ESG Trends to Watch in 2019

We highlight five of the most pressing challenges and opportunities ESG institutional investors face in 2019:  plastic waste, regulations, the effects of climate change, the big signal revolution and the role of corporate leadership.

17 January 2019 | MSCI | 1 CE

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About the Author(s)

ARX Editorial Team

Director: Scott Lee
Content manager, Editor: Piotr Zembrowski, CFA
Coordinator: Natalie Yiu

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