Advanced Portfolio Management
COURSE DESCRIPTION Advanced portfolio management course is a build-up from portfolio management paper examined in section 4. The course focuses on the portfolio management along various asset portfolios such as fixed-income, equity, derivatives, currency and alternative investments. In addition, the …
Overview
COURSE DESCRIPTION
Advanced portfolio management course is a build-up from portfolio management paper examined in section 4. The course focuses on the portfolio management along various asset portfolios such as fixed-income, equity, derivatives, currency and alternative investments. In addition, the course looks at portfolio management across geographical borders, specifically the international and emerging markets fixed income portfolio management.
This paper is intended to equip the candidate with the knowledge, skills and attitude that will enable him/her to apply advanced portfolio management skills.
INCLUDED IN THE COURSE
These materials include item-by-item notes as outlined in the revised Kasneb CIFA syllabus as well as focused questions from previous examinations by the board. In addition, our platform offers a forum for learners to discuss issues related to a certain subject.
Watch out for our online tutorials and videos!
LEARNING OUTCOMES
A candidate must be able to demonstrate his/her ability to carry out the following tasks related to advanced portfolio management:
- Allocate different asset classes when constructing a portfolio
- Analyse different strategies used to manage a portfolio of different asset classes
- Apply trade execution decisions and techniques in portfolio management
- Undertake portfolio monitoring and rebalancing processes
- Evaluate the performance of a portfolio
HOW TO STUDY AND PASS THIS COURSE
- Allocate enough time to the study text. You need at least 2 months to fully grasp the concepts of study.
- Set aside sometime for arithmetical problems practice.
- Have at least a week to pass through related past papers and final touches.
- Make use of our course-specific forums to discuss with classmates on issues not clear.
Curriculum
- 11 Sections
- 79 Lessons
- 52 Weeks
- CHAPTER 1: ASSET ALLOCATION8
- 1.11.1 Overview of Asset Allocation
- 1.21.2 Asset Allocation and Investors and Return Objectives
- 1.31.3 Selection of Asset Classes
- 1.41.4 Optimization Approaches to Asset Allocation
- 1.51.5 Non-Domestic Equities and Bonds
- 1.61.6 Conditional Return Correlations
- 1.71.7 Intergrating a Segmented Market with a Global Market
- 1.81.8 Formulation and Justification of Minimum-Variance Frontier Given IPS & CME
- CHAPTER 2: FIXED-INCOME PORTFOLIO MANAGEMENT11
- 2.12.1 Use of Liability as a Benchmark and Use of Bond Index as a Benchmark with Respect to Investment Objectives
- 2.22.2 Managing Funds against a Bond Market
- 2.32.3 Techniques Used to Align the Risk Exposures of Portfolio with those of the Benchmark Bond Index
- 2.42.4 Assessment of the Risk and Return Characteristics of a Proposed Trade
- 2.52.5 Bond Immunisation Strategy
- 2.62.6 Spread Duration and Its Importance
- 2.72.7 Extension of Classical Immunisation Theory
- 2.82.8 Risks Associated with Managing a Portfolio Against a Liability Structure
- 2.92.9 Immunisation Strategies for Single Liability, Multiple Liability and General Cash Flows
- 2.102.10 Immunisation Portfolios
- 2.112.11 Cash Flow Matching
- CHAPTER 3: RELATIVE VALUE METHODOLOGIES FOR GLOBAL CREDIT BOND PORTFOLIO MANAGEMENT5
- CHAPTER 4: INTERNATIONAL AND EMERGING MARKET FIXED-INCOME PORTFOLIO MANAGEMENT STRATEGIES10
- 4.14.1 Effect of Leverage on Portfolio Duration and Investment Returns
- 4.24.2 Use of Repurchase Agreements (Repos) to Finance Bond Purchases
- 4.34.3 Measures of Fixed Income Portfolio Management
- 4.44.4 Use of Futures Instead of Cash Market Instruments to Alter Portfolio Risk
- 4.54.5 Formulation and Evaluation of an Immunisation Strategy Based on Interest Rates
- 4.64.6 Use of Interest Rate Swaps and Options to Alter Portfolio Cash Flow and Exposure to Interest Rate Risk
- 4.74.7 Potential Sources of Excess Return for an International Bond Portfolio
- 4.84.8 Effect of Change in Value for a Foreign Bond
- 4.94.9 Hedging Currency Risk, Break-Even Analysis and Investing in Emerging Market Debt
- 4.104.10 Criteria for Selecting a Fixed Income Manager
- CHAPTER 5: EQUITY PORTFOLIO MANAGEMENT11
- 5.15.1 Role of the Equity in the Overall Portfolio
- 5.25.2 Equity Investment Approaches
- 5.35.3 Weighting Schemes
- 5.45.4 Passive Equity Investing
- 5.55.5 Approaches to Constructing an Indexed Portfolio
- 5.65.6 Active Equity Investing
- 5.75.7 Semi-Active Equity Investing (Enhanced-Index)
- 5.85.8 Managing a Portfolio of Managers
- 5.95.9 Components of Total Active Return and Approaches to Active Management
- 5.105.10 Identifying, Selecting and Contracting with Equity Managers
- 5.115.11 Structuring Equity Research and Security Selection
- CHAPTER 6: ALTERNATIVE INVESTMENTS PORTFOLIO MANAGEMENT10
- 6.16.1 Introduction to Alternative Investments Portfolio Management
- 6.26.2 Selection of Active Managers of Alternative Investment Scheme
- 6.36.3 Alternative Investment Benchmarks
- 6.46.4 Return Enhancement and Risk Diversification Effects of Adding Alternative Investment to a Reference Portfolio
- 6.56.5 Venture Capital
- 6.66.6 Private Equity Fund
- 6.76.7 Commodity Investments
- 6.86.8 Hedge Funds
- 6.96.9 Managed Futures
- 6.106.10 Distressed Securities
- CHAPTER 7: CURRENCY PORTFOLIO MANAGEMENT7
- 7.17.1 Effects of Currency Movements on Portfolio Risk and return
- 7.27.2 Strategic Choices in Portfolio Management
- 7.37.3 Active Currency Trading Strategies
- 7.47.4 Adjusting the Hedge Ratio Using Forward Contracts and Foreign Exchange (FX) Swaps
- 7.57.5 Trading Strategies Used To Reduce Hedging Costs and Modify the Risk Return Characteristics of a Foreign Currency Portfolio
- 7.67.6 Portfolios Exposed To Multiple Foreign Currencies
- 7.77.7 Challenges for Managing Emerging Market Currency Exposures
- CHAPTER 8: APPLICATIONS OF DERIVATIVES IN PORTFOLIO MANAGEMENT3
- CHAPTER 9: EXECUTION OF PORTFOLIO DECISIONS5
- CHAPTER 10: PORTFOLIO MONITORING AND REBALANCING2
- CHAPTER 11: EVALUATING PORTFOLIO PERFORMANCE7
Instructor
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Course Features
- Lectures 79
- Quiz 0
- Duration 50 hours
- Skill level All levels
- Language English
- Students 22
- Assessments Yes