Portfolio Construction & Management Technique –Basic
Course Code: FA29
►Course Objective
- Modern portfolio theory, mean-variance optimization and traditional asset allocation and portfolio construction techniques
- The mathematics of portfolio diversification and over-diversification
- The limitations of modern portfolio theory
- Factor and risk-based portfolio construction
- Risk and performance
- Building multi-asset class and multi-manager portfolios
►Target Audience
- Portfolio Managers and Analyst
- Wealth Managers and Private Bankers
- Treasury personnel
- Risk managers
- Traders
- Investment Strategists
►Course Outline
DAY 1
MODULE 1: REVIEW OF FIXED INCOME CONCEPTS
- Fixed income arithmetic
- Fixed income instruments
- Term structures of rates and yields
- How are bonds traded?
- Fixed income risk: Duration and Convexity
- Corporate bonds: Credit risk
DAY 2
MODULE 2: PASSIVE FIXED INCOME PORTFOLIO MANAGEMENT
- Fixed income indexes
- Index funds and replication techniques
- Tracking error minimization
- Cash flow matching
- Immunization techniques
DAY 3
MODULE 3: ACTIVE FIXED INCOME PORTFOLIO MANAGEMENT
- Rate prediction strategies
- Yield curve strategies
- Interest rate scenario analysis
- Credit strategies
- Tactical allocation strategies
- Relative value stategies
DAY 4
MODULE 4: REVIEW OF EQUITY VALUATION TECHNIQUES
- Importance and quality of earnings
- Present value models
- Multiples based valuation
- Asset-based valuation models
- Industry and company analysis
DAY 5
MODULE 5: EQUITY STRATEGIES: FROM STOCK PICKING TO PORTFOLIO MANAGEMENT
- Structuring an equity portfolio
- Use of indexes
- Translating information into investment ideas
- Hedging with options
- Short selling
- Growth strategies
- Value strategies
- Blended strategies
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