Investment Management Fundamentals

Transcription

1 Investment Management Fundamentals A Three Day Course This in-house course can also be presented face to face in-house for your company or via live in-house webinar The Banking and Corporate Finance Training Specialist

2 Course Content What are investors looking for? Risk, diversification and inflation Examining the investment assets Characteristics Historical returns Projecting returns Course Overview Understanding the fund management process Fund management theories Role and responsibilities of fund managers Planning for optimal portfolio returns Setting investment objectives The constraints of the fund manager strategic asset allocation to enhance portfolio performance Strategies to maximise performance mandate definition The relevance of benchmarks Fund Managers Added Value Tactical asset allocation Securities selection Controlling the process Performance measurement Attribution analysis Examining types of funds and investment products Explaining different types of funds and their characteristics Conventional funds Pension funds Mutual funds and unit trusts Collective investment schemes (OEICS) Tracker/index funds Hedge funds Money market funds Examining investment products and their applications Equities domestic and overseas Bonds Commodities Derivatives: swaps, futures, options and more Linkage between economic activity and investment markets The key drivers and government impact The business and investment cycles Economic growth and recession/depression A cyclical approach to investment: exploiting the investment cycles Sentiment, Asset Bubbles and crashes regulatory response to recent events Equity fund management styles Examining the most common styles fund managers use to achieve their investment objectives Asset class and geographic diversification Active strategies Passive strategies

3 Top down approach Bottom up approach Sector rotation style Growth investing Value investing Momentum style Small capitalisation style Comparing fund management styles Fixed income fund management Styles of bond fund management Understanding bonds pricing Mastering the concepts of duration & convexity Examining bond swapping techniques Learning the theory and practice of portfolio switching Bond portfolio management Equity analysis in fund management Understanding the fundamentals of equity analysis Financial analysis Key accounting and valuation ratios Interpretation of valuation ratios Qualitative considerations Comparing active vs passive equity fund management Examining index funding or tracker funds Examining other types of fund management Cash fund management Money market funds Alternative investment Real estate Venture capital Unlisted equities Commodities Asset allocation within the investment decision making process Determining clients aims and objectives Asset/liability management Strategic and tactical asset allocation The decision making levels Assets Currencies Countries Sectors Stocks Understanding modern portfolio theory Evolution, insights and applications Understanding mean-variance analysis Expected returns historical variances historical correlation

4 The benefits of diversification across portfolios Does Modern Portfolio Theory really work? Investment performance evaluation Successfully measuring investment returns Risk-adjusted measures to optimise portfolio strategy Benchmarks what are they and when should they be used Attribution analysis to ensure effective measurement and control The importance of client reporting Global Investment Performance Standards (GIPS) Redcliffe has provided in-house training for the following companies:

5 Tailored Learning All of our training courses can be tailored to suit your company s exact training needs. We will work closely with you to help develop a training programme with content that is unique for your organisation. Please us on enquiries@redcliffetraining.co.uk for more information E-Learning This course can also be presented as a bespoke e-learning programme created by you to fit your exact requirements.