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

Explain the Investment Process used to generate performance 
SAQA US ID UNIT STANDARD TITLE
117769  Explain the Investment Process used to generate performance 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
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  5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for persons who conduct administrative functions in the middle and back office in an Asset Management environment.

A person credited with this Unit Standard will be able to:
  • Explain the process followed by the investment team to generate performance to meet client mandates within acceptable risk limits.
  • Explain the different roles of benchmarks within the investment process.
  • Differentiate between different roles in the investment team 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Mathematical Literacy at NQF Level 4
  • Communication at NQF Level 4
  • Accounting or Economics at NQF Level 5
  • The Unit Standard entitled, "Define the mechanics and participants of the different trade cycles for all investment instrument types. 
    		•

    UNIT STANDARD RANGE 
    The scope of this Unit Standard deals with the investment process which covers but is not limited to: asset allocation, stock selection, house view/model portfolio for local and/or international, portfolio construction and maintenance, risk/return and mandates. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the process followed by the investment team to generate performance to meet client mandates within acceptable risk limits. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Portfolio theory, risk and return are explained as used in the markets. 

    ASSESSMENT CRITERION 2 
    The objective and role of portfolio managers is defined from the client perspective. 

    ASSESSMENT CRITERION 3 
    Investment styles are defined as used in the markets. 

    SPECIFIC OUTCOME 2 
    Explain the different roles of benchmarks within the investment process. 
    OUTCOME RANGE 
    Benchmark types:

    Internal
  • House view/model portfolio

    External
  • Client specific/mandate driven
  • Regulatory 
    		•

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Terminology used within the investment process is defined as used in the industry. 

    ASSESSMENT CRITERION 2 
    The importance of investment performance is understood relative to the competitors in the market. 

    ASSESSMENT CRITERION 3 
    Roles of benchmarks are explained as used in the industry. 

    ASSESSMENT CRITERION 4 
    Different types of benchmarks are identified as used in the industry. 

    SPECIFIC OUTCOME 3 
    Differentiate between different roles in the investment team. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Functions of investment professionals are defined and understood as per defined company guidelines. 

    ASSESSMENT CRITERION 2 
    Responsibilities of portfolios managers to their clients within the regulatory environment are defined as per industry-defined standard. 

    ASSESSMENT CRITERION 3 
    Roles and functions of investment supporting teams are defined as per defined company guidelines. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Roles of the investment team as they impact and serve the clients.
  • How performance is generated that meets client mandates.
  • Benchmarks as used in the investment process 
    		•

    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, analyse, organise and critically evaluate information when gathering information about the roles of the different role players, benchmark types and investment styles. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of inter-related systems by recognizing that problem-solving contexts do not exist in isolation. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Supplementary information:

    Terminology:

    Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms". ISBN 1-919850-04-X 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    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. AFRICAN BANK LTD 
    2. Chartall Business College 
    3. Felix Risk Training Consultants 
    4. Novia One Group (Pty) Ltd 
    5. Plumb Line Risk Alignment 
    6. Riverwalk Trading 151 CC trading as Culhane Consulting 
    7. The Academy of Financial Markets 
    8. The Institute of Literacy Advancement 
    9. THE SHERQ CENTRE OF EXCELLENCE PTY 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.