CAIA Level 1 Exam Study Guide | 413 Questions with 100% Correct Answers | Verified | 113 Pages

Define investment - Investment is deferred consumption List the four major types of real assets other than land and other types of real estate. - Natural resources, commodities, infrastructure, and intellectual property. List the three major types of alternative investments other than real assets in the CAIA curriculum. - Hedge funds, Private Equity, and Structured Products Name the five structures that differentiate traditional and alternative investments - Regulatory Structures, Securities Structures, Trading Structures, Compensation Structures, and Institutional Structures. Which of the five structures that differentiate traditional and alternative investments relates to the taxation of an instrument? - Regulatory Structures Name the four return characteristics that differentiate traditional and alternative investments. - Diversification, Illiquidity, Inefficiency, and Nonnormality.