SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Apply technical knowledge and insight into the management of collective investment portfolios 
SAQA US ID UNIT STANDARD TITLE
14511  Apply technical knowledge and insight into the management of collective investment portfolios 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 
2003-08-13  2006-08-13  SAQA 0249/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-08-13   2010-08-13  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
242607  Apply technical knowledge and insight into the management of collective investment portfolios  Level 5  Level TBA: Pre-2009 was L5   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who are marketing managers, sales people, marketing consultants of Management Companies, product developers, wealth managers, financial planners and advisors.

The qualifying learner is capable of:
  • Understanding the financial markets and instruments used by collective investment schemes.
  • Explaining the techniques and practices used by fund managers.
  • Evaluating the effectiveness of the management of a fund.
  • Describing the regulatory and contractual parameters of fund management. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication and Mathematical and Financial Literacy at NQF Level 4.

    It is assumed that learners are competent in the Unit Standard entitled: "Differentiate between the different asset classes and indicate how they can be used to meet customer needs". 

    UNIT STANDARD RANGE 
  • Financial markets are physical markets: the JSE, BESA, SAFEX, New York Stock Exchange, Hang Seng, NASDEC, Dow Jones, London Stock Exchange, Nikkei, DAC and CAC.
  • Money market intermediaries - banks and non-physical markets: capital market and equity market. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate knowledge and understanding of the financial markets and instruments. 
    OUTCOME NOTES 
    Demonstrate knowledge and understanding of the financial markets and instruments used by collective investment schemes. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The financial markets used by collective investment schemes are named and an indication is given of where the markets are and the types of financial instruments available from each. 

    ASSESSMENT CRITERION 2 
    2. The nature of return of five different instruments is explained with examples. 

    ASSESSMENT CRITERION 3 
    3. The expectation of returns of different financial instruments are explained with examples. 

    SPECIFIC OUTCOME 2 
    Explain the techniques and practices used by fund managers. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The statistics used in risk analysis are identified and interpreted in order to evaluate the level of risk against the return of a fund. 

    ASSESSMENT CRITERION 2 
    2. A risk analysis for a selected fund is interpreted and an indication is given of the risk level of the fund. 

    ASSESSMENT CRITERION 3 
    3. A report on the attribution analysis of a fund is analysed to determine the strength and weaknesses of a specific fund in terms of selecting asset allocation and stock selection. 

    ASSESSMENT CRITERION 4 
    4. The approach used by a fund manager is identified and an indication is given of a specific manager's expertise. 

    ASSESSMENT CRITERION 5 
    5. The management style of a fund manager is analysed in terms of growth and value. 

    ASSESSMENT CRITERION 6 
    6. The techniques used by a fund manager in selecting stock are identified in an analysis report. 

    ASSESSMENT CRITERION 7 
    7. The concept of liquidity in a fund is explained and an indication is given of the implications of liquidity or illiquid assets. 

    ASSESSMENT CRITERION 8 
    8. The impact of taxation on a specific portfolio is explained with examples. 

    SPECIFIC OUTCOME 3 
    Evaluate the effectiveness of the management of a fund. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. A fund is evaluated to determine whether it meets its objectives. 

    ASSESSMENT CRITERION 2 
    2. The performance of a fund is evaluated against peer funds. 

    ASSESSMENT CRITERION 3 
    3. The structure of a fund is analysed to determine whether it is appropriate in terms of the current economic situation and future expectations. 

    ASSESSMENT CRITERION 4 
    4. The performance of a fund analysed and an indication is given of whether a fund is being optimally managed. 

    SPECIFIC OUTCOME 4 
    Describe the regulatory and contractual parameters of fund management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. A fund is evaluated for compliance with the regulatory and classification limits of the fund. 

    ASSESSMENT CRITERION 2 
    2. The mandate of a fund is interpreted and compared to the fund holdings. 

    ASSESSMENT CRITERION 3 
    3. A fund is analysed to determine whether it complies with the mandate, trust deed, CISA, SECA, FMCA and the AUT code of classification. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by INSQA or a relevant accredited ETQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA (INSQA framework for assessment and moderation). 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical thinking have been made in indicating whether a fund is being optimally managed. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information analysing a fund for compliance. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 242607, which is "Apply technical knowledge and insight into the management of collective investment portfolios", Level 5, 3 Credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  23973   National Certificate: Financial Services: Wealth Management  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered" 
    2006-08-13  Was INSETA until Last Date for Achievement 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Sanlam Life Insurance Ltd 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.