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

Apply technical knowledge and insight into the management of collective investment portfolios 
SAQA US ID UNIT STANDARD TITLE
242607  Apply technical knowledge and insight into the management of collective investment portfolios 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
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  3 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
14511  Apply technical knowledge and insight into the management of collective investment portfolios  Level 5  Level TBA: Pre-2009 was L5  3   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard develops an understanding of collective investment scheme portfolios and is useful for learners who require Category I licensing under the Financial Advisory and Intermediary Services Act (FAIS). It is intended learners who are Marketing Managers, Sales People, Marketing Consultants of Collective Investment Scheme Managers, Product Developers, Wealth Managers, Broker Consultants, Financial Planners, Intermediaries and Advisors.

The qualifying learner is capable of:
  • Demonstrating knowledge and understanding the financial markets and instruments used in portfolios of collective investment schemes.
  • Explaining the techniques and practices used by portfolio/fund managers.
  • Evaluating the effectiveness of the management of a portfolio.
  • Describing the regulatory and contractual parameters of investment management. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Financial markets are physical markets: the JSE Securities Exchange, BESA, SAFEX, New York Stock Exchange, Hang Seng, NASDEC, Dow Jones, London Stock Exchange, Nikkei, DAC and CAC.
  • Money market intermediaries - banks and non-physical markets: capital market and equity market.
  • Markets include the Money Market, Capital Market and Equity Market. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate knowledge and understanding of the financial markets and instruments used in portfolios of collective investment schemes. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The financial markets used by collective investment schemes are named and an indication is given of the types of financial instruments available from each. 

    ASSESSMENT CRITERION 2 
    Different financial instruments are explained in terms of expected risk and return. 

    SPECIFIC OUTCOME 2 
    Explain the techniques and practices used by portfolio/fund managers. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A risk analysis for a selected portfolio is interpreted and an indication is given of the risk level of the portfolio. 

    ASSESSMENT CRITERION 2 
    A report on the attribution analysis of a portfolio is analysed to determine the strength and weaknesses of a specific portfolio in terms of selecting asset allocation and stock selection. 

    ASSESSMENT CRITERION 3 
    The approach used by a portfolio/fund manager is identified and an indication is given of a specific manager's expertise, investment strategy and techniques for stock selection. 

    ASSESSMENT CRITERION 4 
    The concept of liquidity in a portfolio is explained and an indication is given of the implications of liquidity or illiquid assets. 

    ASSESSMENT CRITERION 5 
    The manner in which taxation is applied is explained with reference to tax liabilities. 

    SPECIFIC OUTCOME 3 
    Evaluate the effectiveness of the management of a portfolio. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A portfolio is evaluated against peer portfolios and whether it meets its objectives. 

    ASSESSMENT CRITERION 2 
    The performance of a portfolio analysed with reference to the relationship between performance management and the portfolio. 

    SPECIFIC OUTCOME 4 
    Describe the regulatory and contractual parameters of investment management. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A portfolio is evaluated for compliance with the regulatory and classification limits of the portfolio. 

    ASSESSMENT CRITERION 2 
    The portfolio mandate is interpreted and compared to the portfolio holdings. 

    ASSESSMENT CRITERION 3 
    A portfolio is analysed to determine whether it complies with the prospectus, deed, Collective Investment Schemes Control Act (CISCA), Financial Advisory and Intermediary Services Act (FAIS) and the Association of Collective Investments (ACI) codes and standards. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical thinking have been made in indicating whether a portfolio is being optimally managed. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information analysing a portfolio for compliance intended for learners who are Marketing Managers, Sales People, Marketing Consultants of Collective Investment Scheme Managers, Product Developers, Wealth Managers, Financial Planners and Advisors. 

    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 
    This unit standard replaces unit standard 14511, "Apply technical knowledge and insight into the management of collective investment portfolios", Level 5, 3 credits.
  • Search words: collective investments, collective investment portfolios. 
    		•

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66611   National Certificate: Wealth Management  Level 5  NQF Level 05  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.
     
    NONE 


    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.