Investment Fundamentals Forums Part 2 Investing Tools

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Amos Kelly
5 years ago
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This second forum will focus on the tools needed for a successful investment strategy. Given our emphasis on promoting good ethics, Mr.

1 Investment Fundamentals Forums Part 2 In collaboration with Singapore Exchange Limited Sub-topics What can go wrong? The Two Faces of Foreign Exchange Understanding Financial Indicators in investing Synopsis: In our first forum, we explained the importance of investing. This second forum will focus on the tools needed for a successful investment strategy. Given our emphasis on promoting good ethics, Mr. Gary Ng, CFA, Managing Director of Private Equity, CSLA Capital Partners and board member of CFA Singapore will give a short presentation about the importance of ethics. We will then start with addressing risk. Specifically, What can go wrong? Mr. Andy Tan, CFA, Market Risk Manager with JP Morgan will present on the topic: Nothing comes for free. The market is efficient. Increased returns come with increased risks. Given our global environment, investment activities are not restricted to the local market. Our next presenter will discuss the two-faces of foreign exchange a noise to hedge away or a source of return to actively pursue. Finally, as a pre-cursor to the next forum, Mr. Alan Lok, CFA, Director of Sabio Global Singapore, will address important financial indicators you can use to understand the health of the companies you are investing in and some short-cuts you can take in this process. Please refer to the next page for the forum information

Forum Information Title: Investment Fundamentals Forums Part 2 Date and Timing: Friday, 16 th November 2012, 6.30pm to 9.

Investment risks: Nothing comes for free. The market is efficient. Increased returns come with increased risks o What are the risks you should know before investing?

Foreign Exchange is a two-faced variable - a source of noise that investors may wish to hedge away or a source of return that investors may actively pursue.

2 Forum Information Title: Investment Fundamentals Forums Part 2 Date and Timing: Friday, 16 th November 2012, 6.30pm to 9.30pm Venue: SGX Auditorium, Level 2, SGX Centre 1 2 Shenton Way Singapore Moderator: Speakers: Dr Tony Tan, CFA; Mr Gary Ng, CFA; Mr Andy Tan, CFA and Mr Alan Lok, CFA Forum Outline: i) Investment risks: Nothing comes for free. The market is efficient. Increased returns come with increased risks o What are the risks you should know before investing? o A risk-reward approach to investing o What are some of the recent proxies for risk-on / risk-off environment? ii) The two-faces of foreign exchange. Foreign Exchange is a two-faced variable - a source of noise that investors may wish to hedge away or a source of return that investors may actively pursue. The fact that it is also a medium of exchange and an instrument of policy makes it a particularly difficult beast to manage or exploit. In this talk, I will take a dealing room's perspective and draw on recent experiences to describe the factors that drive FX rates, the micro-structure of participants in this market and what the implications are for investors in general. iii) Short-cuts to financial statement analysis o Standard operating procedure of financial statement analysis. Sources of intelligence Analysis strategies Key drivers Valuation pointers o Showcasing Return on Equity and Price to Book ratios as a short-cut way to gaining insight on a counter o Looking into the three separate components of Return on Equity As a participant in the CFA Institute Approved-Provider Program, CFA Singapore has determined that this event qualifies for 2.5 credit hours. If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE diary. As a participant in the Life Insurance Association Singapore Approved- Provider Program, LIA has determined that this event qualifies for 2.5 credit hours. If you are a LIA member, CPD credit for your attendance at this event will be automatically recorded in your CPD diary. As a participant in the Singapore Exchange Approved-Provider Program, SGX has determined that this event qualifies for 1 credit hour. If you are a SGX member, CPD credit for your attendance at this event will be automatically recorded in your CPD diary. Please refer to next page for Speakers Bio

3 Speakers Bio data Dr. Tony Tan, CFA Dr. Tan is the founder of Governance & Treasury Advisory Services, a company providing consulting and training services. He also volunteers his time with CFA Institute in the US as a member of its Capital Markets Policy Council and Chairs the Advocacy and Senior Members committees of CFA Singapore. As a believer on the foundational values of ethical behaviour, Dr. Tan lectures frequently on this topic. People attending his presentations have come from multi-national corporations, global banks, educational institutions and professional organizations all over the world. Locally, he shares his experiences in public forums on investing using a governance approach at many events including those organized by SGX and SIAS. Dr. Tan has over 20 years experience working in the international financial markets. During that period, he has been involved with financing projects in the oil and gas industry, advising central banks & financial developmental institutions on risk management issues and managing the global capital markets trading operation of a UK financial institution. Under his leadership, his team has won numerous awards including EEMEA Asset Back and the Emerging Markets deal of the year awards. Dr.Tan holds the Doctor of Business Administration and Master of Management Research degrees from the University of Western Australia, a Master of Science degree in Financial Economics from the University of London and is a CFA charterholder. Mr. Gary Ng, CFA Mr Ng joined CLSA Capital Partners in 2000 and has over 15 years experience in finance and private equity. He has been responsible for a number of investments in India and South-East Asia. He has also participated in a number of transactions in the consumer and industrial sectors in China, Korea, India and South-East Asia. He currently oversees the South East Asia and South Asia investments. Prior to CLSA Capital Partners, he was with PricewaterhouseCoopers for close to 4 years. Mr. Ng received his Bachelor of Accountancy from Nanyang Technological University in Singapore and is a Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA). He actively volunteers as a Board Member and Exco Member of CFA Singapore. Mr. Andy Tan, CFA Mr Tan is a Market Risk Manager with JP Morgan. He is part of the Global Emerging Markets Market Risk team managing market risk for the investment bank focusing on Asia FX and Interest Rates. Prior to joining JP Morgan, he was with Deutsche Bank managing market risk for the fixed income business in Asia. Please refer to next page for Speakers Bio

4 Speakers Bio data Mr Alan Lok, CFA Mr Lok is the Director of Sabio Global Singapore and has 10 years experience in the finance and strategic consulting industry spanning across Australia, China, Hong Kong, Malaysia and Singapore. Alan joined Sabio Global Singapore in 2009 and successfully spear headed the equity research and corporate training divisions. As the anchor speaker for Sabio Global, Alan appears regularly on media such as CNBC and The Straits Times where he expresses his views on issues related to behavioral finance and macroeconomics. Prior to joining Sabio Global, Alan was an Investment Analyst with SIAS (Security Investment Association of Singapore) Research, the largest independent research house in South East Asia with over 120 Singapore Exchange and Bursa Malaysia-listed companies under coverage. To date, Alan has conducted training for clients from Bank of Tokyo Mitsubishi: UFJ, BNP Paribas, Credit Agricole CIB (Singapore), DBS, DNB Nor Bank, JL Capital, HSBC, Munich RE and Zen Technology in areas of asset valuation, derivative accounting, leadership, profiling, strategy economics as well as team building. Please refer to next page for Registration

5 Advanced reservation is required due to limited capacity For participation, please complete the fields below and fax back to CFA Singapore Please indicate membership ID to enjoy members' rate Alternatively, Reservation can be made via Refund and Cancellation Policy: *Refunds and cancelation received on the following: *4 weeks before the workshop date: 10% Cancellation Fee *2 weeks before the workshop date: 50% Cancellation Fee *1 week before the workshop date: No Refund *Admission/Seats are subject to availability Registration Form Name:Mr./Mrs./Ms./Dr./ Membership No.: Tel: Fax: Company: Address: Postal Code: Food Preferences: None Halal Vegetarian Others (please specify): Payment Details I would like to attend: Please mark a tick in the relevant box: (Prices include GST) Investment Fundamentals Forums Part 2 16 November 2012 Registration Fee: Membership type Standard Fees (include GST) CFA Singapore Free of Charge CFA Candidate $15.00 Non Member S$ Please Tick Remarks (Bank, *Cheque No.): Amt Due: S$ *All cheques to be made payable to CFA Singapore' c/o 10 Shenton Way #13-02 MAS Building, Singapore Please charge to my credit card I, hereby authorize CFA Singapore to charge my credit card account for the amount $ SGD Credit Card (VISA/AMEX/MC): (Expiry: /20 ) Signature/ Date CFA Singapore (a member society of CFA Institute) 10 Shenton Way, MAS Building, #13-02, Singapore Phone: Fax: events@cfasingapore.org

Importance of Global Asset Allocation & How to Generate Alpha using ETFs

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