The body also revealed it had launched test centres in Australia, India and Nigeria and had candidates from Myanmar and Cambodia sit the test for the first time.
Level I and II CFA Program candidates received their results on 6 August, of 83,656 candidates who sat for the Level I exam, 41 percent passed, of 74,735 candidates who took the Level II exam, 44 percent passed.
Paul Smith, president and CEO, CFA Institute, said: “Our heartiest congratulations go out to all candidates who received great news today of their exam success.
“This is an exciting time to be building a career in the investment profession, with ever more opportunities to make a positive impact.
“The complexities of delivering returns, particularly within the context of global sustainability, will require more expert analysis and a willingness to bring those skills to bear within and beyond traditional markets.
“The CFA Program develops a global community of investment professionals—steeped in best practices and the highest commitment to ethics—ready to guide and lead the industry in the years ahead.”
The CFA curriculum was said to be ‘constantly evolving’ to current investment practice and “ensures that candidates who complete the program are equipped with relevant and current knowledge and skills” [sic].
The curriculum candidates studied this year included an overview of fintech including two new ethics case studies, machine learning, and professionalism in investment management.