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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Discuss and apply knowledge and understanding of current trends in portfolio management in response to the changing nature of the financial services environment and the needs of investors 
SAQA US ID UNIT STANDARD TITLE
14532  Discuss and apply knowledge and understanding of current trends in portfolio management in response to the changing nature of the financial services environment and the needs of investors 
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
242606  Discuss current trends in investment portfolio management  Level 6  Level TBA: Pre-2009 was L6   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who are involved in the pricing of unit trusts, in product development and in giving information to intermediaries.

The qualifying learner is capable of:
  • Explaining the application of theory in portfolio management.
  • Analysing and showing insight into the products marketed by providers.
  • Showing insight into portfolio management trends.
  • Explaining the changing focus in marketing strategy in relation to the products and markets. 

  • 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. 

    UNIT STANDARD RANGE 
    Innovative products include but are not limited to multi-managed funds, hedge funds, structured products and guaranteed products. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the application of theory in portfolio management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The origin of portfolio management is explained with reference to two theories or models. 

    ASSESSMENT CRITERION 2 
    2. The Capital Asset Pricing Model (CAP) is explained with reference to the underlying assumptions of the theory. 

    ASSESSMENT CRITERION 3 
    3. Arbitage Pricing Theory (APT) is explained with reference to pricing anomalies. 

    ASSESSMENT CRITERION 4 
    4. Two main theories are compared in the light of current trends in portfolio management and an indication is given of their relevance in the current situation. 

    SPECIFIC OUTCOME 2 
    Analyse and show insight into the products marketed by providers. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Five innovative product types are identified and analysed with reference to the changing financial environment and increasing investor sophistication. 

    ASSESSMENT CRITERION 2 
    2. Changes in endowments, unit trusts and pre and post retirement funds are analysed and an indication is given of how and why new products have evolved. 

    SPECIFIC OUTCOME 3 
    Show insight into portfolio management trends. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The advantages and disadvantages of single management versus multi management are discussed with reference to building a Fund. 

    ASSESSMENT CRITERION 2 
    2. The current house views of three different management companies are identified with reference to the processes used in choosing underlying holdings in a fund and the chosen investment style of the house. 

    SPECIFIC OUTCOME 4 
    Explain the changing focus in marketing strategy in relation to the products and markets. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The historic product strategy is explained with reference to the mass market. 

    ASSESSMENT CRITERION 2 
    2. The changed focus in market strategy is explained with reference to changing needs of investors. 

    ASSESSMENT CRITERION 3 
    3. The impact of the South African Constitution and changes in legislation on market strategy is explained with examples. 

    ASSESSMENT CRITERION 4 
    4. The effect of international trends on local markets is explained with examples. 


    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 COLLECTING 
    The learner is able to collect, organise and critically evaluate information in analysing house views of different management companies and changes in investment products. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively in explaining the concepts contained in the Unit Standard. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems relating changing market conditions and investor sophistication to trends in portfolio management. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 242606, which is "Discuss current trends in investment portfolio management", Level 6, 4 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  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.