CFA Level 3 | Implementation Shortfall (Part 1)
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CFA Level 3
Portfolio Management Pathway
Reading: Trade Strategy and Execution
In this Part 1 video, we will look at the calculation of implementation shortfall for a purchase order and its components:
Execution cost (and it's breakdown, the delay cost and trading cost)
Opportunity cost
Fees
In the Part 2 video, we will be look at an example of a sale order.