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

Apply technical knowledge and skill to explain how collective investment scheme portfolios are classified 
SAQA US ID UNIT STANDARD TITLE
242612  Apply technical knowledge and skill to explain how collective investment scheme portfolios are classified 
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  2 
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
14533  Apply technical knowledge and skill to explain how collective investment portfolios are classified and the implications of the classification for an investor  Level 5  Level TBA: Pre-2009 was L5  2   

PURPOSE OF THE UNIT STANDARD 
The qualifying learner is capable of:
  • Explaining the rationale for the collective investment scheme portfolio classification system in South Africa.
  • Explaining how the collective investment scheme portfolio classification system is constructed.
  • Explaining the implications of the classification system for an investor.
  • Applying the classification system to an investment portfolio. 
    		•

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

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Asset classes include equity, combined equity, interest bearing and geographic classes. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the rationale for the collective investment scheme portfolio classification system in South Africa. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The need for a collective investment scheme portfolio classification system is explained in relation to the comparison of portfolio mandates. 

    ASSESSMENT CRITERION 2 
    Ways in which the classification system protects investors are explained with reference to transparency of mandates and facilitating investor understanding. 

    SPECIFIC OUTCOME 2 
    Explain how the collective investment scheme portfolio classification system is constructed. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The classification system used to simplify the universe of collective investment scheme portfolios is explained with reference to the rules for different categories. 

    ASSESSMENT CRITERION 2 
    The asset allocation in different collective investment scheme portfolios are analysed in order to classify the portfolios in terms of the South African classification system. 

    SPECIFIC OUTCOME 3 
    Explain the implications of the classification system for an investor. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The performance of portfolios in different classes is used to infer the correlation to the economy and the selection of a portfolio for a specific investor. 

    ASSESSMENT CRITERION 2 
    The implications of portfolio classification for portfolio diversification are explained with reference to risk, return, investor protection, tax and the current cycle of the underlying assets. 

    SPECIFIC OUTCOME 4 
    Apply the classification system to an investment portfolio. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    An investor profile is analysed to determine the client's needs. 

    ASSESSMENT CRITERION 2 
    The risk and return identified in a needs analysis are used to suggest appropriate categories of collective investment scheme portfolios and to substantiate the suggestion. 


    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 suggesting appropriate categories for collective investment scheme portfolios for a selected investor. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information inferring the underlying assets of a collective investment scheme portfolio. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively in explaining the rationale for the classification system, how collective investment scheme portfolios are classified and the implications of the classification system for the investor. 

    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 14533, "Apply technical knowledge and skill to explain how collective investment portfolios are classified and the implications of the classification for an investor", Level 5, 2 credits.
  • Search words: collective investment, collective investment schemes, collective investment classificaiton. 
    		•

    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.