Friday, November 23, 2007

Fund Management Training Programs

Fundamentals Of Fund Management
Theory and practice explained at an introductory level

Different types of fund management and investment styles
Various investment products and their respective markets
Asset allocation within the investment decision making process
Benchmarking and risk control
Investment performance measurement and verification

Course Programme

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
derivatives: futures

Understanding the fund management process

Understanding the theory behind fund management
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

Implementing strategies to maximise performance

mandate definition
how and why benchmarks must be specified
Effective management for ultimate results
tactical asset allocation
securities selection
Controlling the process
performance measurement
attribution analysis

Linkage between economic activity and investment markets

The key drivers
The business and investment cycles
A cyclical approach to investment
Sentiment, excesses and crashes
Analysing 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
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

Mastering the concepts of duration and convexity
Understanding bonds pricing
Learning the theory and practice of portfolio switching
Bond portfolio management of annual returns
Examining bond swapping techniques

Equity 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
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:



Understanding modern portfolio theory

Evolution, insights and applications
Understanding mean-variance analysis
expected returns
historical variances
historical correlation
The benefits of diversification across portfolios
Controversies and weaknesses arising from the application of MPT to fund management practice

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

No comments: