CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. The association aims to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 156 member societies and 167,000 CFA® charterholders in 164 countries and regions around the world. Since 2000, CFA Institute is locally represented by CFA Society Germany. At over 2,700 members, it is the largest association of professional investors and investment managers in Germany. For more information, visit www.cfainstitute.org or www.cfa-germany.de.