More Information

It will incorporate an overview of the traditional and Alternative Investable Asset Classes, how to combine them into an appropriate Portfolio & also how to measure its Performance & inherent Risk. 

Target Audience

• Regulators with responsibility for Asset Managers
• Junior Fund Managers/new joiners
• Asset Management Back and Middle office professionals (Compliance, Legal, Marketing)
• Wealth Managers and Private Bankers
• Independent Financial Advisors

Learning Objectives

• Understand the objectives and constraints of individual investors and how they influence the Investment Policy Statement, investment decisions, security selection and portfolio construction
• How derivatives can be used for hedging
• Understand the factors affecting equity and bond pricing
• Understand key measures of portfolio Beta, CAPM, Treynor measure, the Sharpe measure, and Jensen's alpha
• Understand how and why to rebalancing portfolios
• Prerequisite Knowledge or Courses
• The programme assumes knowledge of cash market products such as equities, bonds and money markets.

Course Content

• Online Pre-work
  • Portfolio Theory - Single and Multi-Index Models
  • Portfolio Theory- CAPM
  • Portfolio Management - Passive & Active Strategies
• Classroom
  • The objectives and constraints of individual investors
  • The Investment Policy Statement, investment decisions, security selection and portfolio construction
  • Passive and active portfolio management
  • Equity and stock index options in portfolio management
  • Concepts and techniques of portfolio insurance
  • Calculation and interpretation of several measures of portfolio performance
  • Managing risk and return using options in equity portfolios, including strategies for income generation, put-call parity, and delta hedging
  • Using futures for hedging
  • Using swaps in equity portfolio management
  • Tax considerations of options and futures
  • Factors affecting bond yields
  • Duration and convexity, and managing fixed-income portfolios
  • Using interest rate futures in bond portfolio management
  • Investment Timing
  • Beta, security market line, the capital asset pricing model
  • Treynor measure, the Sharpe measure, and Jensen's alpha
  • Arbitrage and empirical multifactor models
  • Returns-based style analysis models and portfolio-based style analysis
  • Portfolio monitoring, rebalancing, and Realignment
  • Rebalancing portfolios & Tracking error
  • Factors which cause portfolios to require rebalancing
  • The process of rebalancing portfolios
  • Circumstances which signal the need to rebalance