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CISI Capital Markets
CISI Investment Management Level 4 (UK)
Structured preparation for the CISI Level 4 Investment Management unit, aligned to the current Version 4 syllabus and its six official examination elements.
320 Practice Questions Detailed Study Notes Realistic Mock Exams
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
Exactly what is included
- 5 mock exams × 80 questions · 320 unique questions · 400 total question slots · unlimited retakes
- Focus Learn · key areas, pitfalls, exam traps & key numbers
- Flashcards · fun, fast and effective recall
- Exam cheat sheet · key facts, rules and numbers by chapter
- Audio Learning · every chapter in audio
- AI Analyzer & Mentor · pinpoints your weak areas
- Study Mode Exams · learn while you train
- AI Chat trained specifically for this exam
- Community-polished data, improved every day
- Up-to-date, accuracy-checked content
AI Audio Summaries New
Listen to course modules on the go. Perfect for studying while driving or commuting.
🎧 Audio
* This is a chapter sample. All audio is available in the full version.
Prepare for the CISI Investment Management Level 4 unit
Investment Management is one of the two units required for the CISI Level 4 Certificate in Investment Management. It moves from the structure of the investment-management industry and client portfolio planning into valuation, securities analysis, collective investments and quantitative data analysis.
This course page follows the current Version 4 syllabus and maps every one of the 80 examination questions to the six official elements. Securities Valuation carries the largest weighting at 26.25%, while the remaining elements build the industry, portfolio, valuation, alternative-investment and analytical knowledge needed for the assessment.
Key Benefits
Five exam simulations
Practise the official 80-question weighting across four unique papers and a final mixed test.
- ✓ 400 practice slots
- ✓ 120-minute timing
- ✓ Securities Valuation priority
Portfolio and valuation coverage
Connect client objectives and portfolio construction with company accounts, asset valuation and product selection.
- ✓ Client portfolios
- ✓ Company analysis
- ✓ Security valuation
Calculation and recall tools
Review formulas, numerical distinctions and frequent traps with flashcards, revision references and course-grounded support.
- ✓ Return calculations
- ✓ Risk-adjusted measures
- ✓ Statistical analysis
Syllabus
Module 1: Investment Management Industry 17.5% syllabus weight
🎧 Audio
Investment strategies, institutional activities, ancillary services, theory, investment styles and market value drivers.
- • Strategy and industry activities
- • Investment services
- • Theory, styles and value drivers
Module 2: Managing Client Portfolios 12.5% syllabus weight
Client objectives, risk profiling, investment policy, asset allocation and portfolio monitoring.
- • Client objectives and constraints
- • Risk tolerance
- • Asset allocation and review
Module 3: Valuation 16.25% syllabus weight
Company accounts, ESG factors, financial ratios, working capital and fundamental analysis.
- • Financial statements
- • Ratio analysis
- • ESG and forecasting
Module 4: Securities Valuation 26.25% syllabus weight
Analysis and valuation of equities, fixed income, corporate actions, hybrids, derivatives and swaps.
- • Equity valuation
- • Bond valuation and yields
- • Derivatives and swaps
Module 5: Collectives and Other Investments 13.75% syllabus weight
Collective and exchange-traded products, structured products, alternatives, property, currencies, commodities and infrastructure.
- • Collective investments
- • Structured and responsible products
- • Property and alternatives
Module 6: Data Analysis 13.75% syllabus weight
Data sources, statistics, regression, AI, technical analysis, returns, benchmarking and risk-adjusted performance.
- • Data and statistical analysis
- • Return measurement
- • Benchmarks and performance ratios
Frequently Asked Questions
The Investment Management unit is assessed by 80 multiple-choice questions in 120 minutes.
Yes. The course follows the latest official syllabus checked for 2026–27 sittings and includes the current CISI candidate correction. Always confirm the latest official syllabus and candidate updates for your exam date.
Not by itself. The full certificate requires both Investment Management and UK Regulation & Professional Integrity.
Securities Valuation has the largest allocation at 21 of 80 questions. All six elements remain examinable and are included in the map above.
You receive five 80-question mock exams, 80 flashcards, 92 searchable revision references, six detailed summaries and a course-grounded AI tutor.
Yes! Test your knowledge and review detailed explanations with the free CISI Investment Management Level 4 Mock Exam Preview below. It contains 15 exam-style questions from one named syllabus topic; the full course provides complete mock exams and syllabus coverage.
Interactive preview
Free CISI Investment Management Level 4 Practice Questions & Exam Preview
Try 15 CISI Investment Management Level 4 practice questions from 4. Securities Valuation
Practice CISI Investment Management Level 4 exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.
Exam Preview
4. Securities Valuation
What is the ordinary shareholder's position on liquidation?
1 / 15
Flashcards
Card 1 of 101. Investment Management Industry
Question
Which process begins with economies and sectors before selecting securities?
Tap to reveal answer
Focus Learn
- Investment strategy and activities
- Ancillary services and securities financing
- Investment theory and styles
- Responsible investment
- Macroeconomic and information value drivers
Chapter 1: Investment Management Industry
Investment management starts with a repeatable decision process. A top-down investor assesses the economic cycle, countries, currencies and sectors before selecting securities; a bottom-up investor begins with individual issuers and may accept the portfolio exposures that result. Passive management seeks to reproduce a benchmark, while active management deliberately differs from it to seek excess return or an absolute objective. Full replication holds every constituent in index weight. Sampling instead matches important characteristics and is often necessary for broad bond indices containing many illiquid issues. Tracking difference is the portfolio return minus benchmark return; tracking error describes the variability of that difference. Fees, trading, cash, tax, sampling and index rebal…
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Who Is This For?
✓ Candidates working toward the CISI Certificate in Investment Management
✓ Investment analysts, portfolio-support professionals and wealth-management staff
✓ Practitioners who need Level 4 knowledge of valuation and portfolio management
CISI Investment Management Level 4
Course Features
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CISI Investment Management Level 4
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