Start Dates: TBC
Duration: 1 Day
Full Fee: €500
Network Members Fee: €250
https://www.ifsskillnet.ie Book Now
Programme overview
This interactive two day programme is designed to offer an insight into the decision making processes undertaken daily by today’s Asset Managers. Theory will be at a minimum; the emphasis will be on the practical. It will incorporate an overview of the traditional & Alternative Investable Asset Classes, how to combine them into an appropriate Portfolio & also how to measure its Performance & inherent Risk.
Please contact info@ifsskillnet.ie for more information on course dates.
Learning outcomes:
- 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
Who is the course for?
- 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
Course Content:
Online Pre-work
- Risk & Return – An Introduction
- Risk & Return – Portfolios
- Risk & Return – Efficient & Optimal Portfolios
- Capital Asset Pricing Model (CAPM)
- Factor-Based Investing – Primer
- Efficient Markets
- Portfolio Theory – Performance Measurement Models
- Portfolio Management – Passive & Active Strategies
Workshop outline
- 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
- Summary and Close
