asset class definition

[Getting Out]

Does anyone recall offhand where the L3 curriculum discusses the definition of an asset class?

 

[ws]

All asset in the class should share similar return and risk profile; asset in the asset class can’t be reasonably belong to multiple class. Offhand, that is all I remember. I believe this is discussed in Equity Mgm section of L3.

 

[abacus]

Probably reading 25(g) Evaluate whether an asset class or set of asset classes has been appropriately specified;

 

[AnalyseThis]

Assets classes should be mutually exclusive and relatively uncorrelated with one another. Assets within an asset class should be homogenous.
SS7