planning step in the protfolio management process

CFA Level II
#1

is “form a set of capital market expectations” part of the planning phase in the PM process? I can’t find it on schweser but it was listed as one of the elements on the 2011 mock Petr Riha Case Scenario

#2

yes it is. i thought i saw it on schweser…

#3

Correct, portfolio management process consists of Planning, Execution & Feedback Planning entails 1. analyzing objectives and constraints 2. developing an IPS 3. determine the appropriate investment strategy 4. selecting an appropriate asset allocation “form a set of capital market expectations” = #3 on the list, it is the steop in which a PM develops long run risk return forecasts for various asset classes

#4

thanks! i didn’t know they were one of the same.