1.1 Overview of Asset Allocation

1.2 Asset Allocation and Investors and Return Objectives

1.3 Selection of Asset Classes

1.4 Optimization Approaches to Asset Allocation

1.5 Non-Domestic Equities and Bonds

1.6 Conditional Return Correlations

1.7 Intergrating a Segmented Market with a Global Market

1.8 Formulation and Justification of Minimum-Variance Frontier Given IPS & CME

2.1 Use of Liability as a Benchmark and Use of Bond Index as a Benchmark with Respect to Investment Objectives

2.2 Managing Funds against a Bond Market

2.3 Techniques Used to Align the Risk Exposures of Portfolio with those of the Benchmark Bond Index

2.4 Assessment of the Risk and Return Characteristics of a Proposed Trade

2.5 Bond Immunisation Strategy

2.6 Spread Duration and Its Importance

2.7 Extension of Classical Immunisation Theory

2.8 Risks Associated with Managing a Portfolio Against a Liability Structure

2.9 Immunisation Strategies for Single Liability, Multiple Liability and General Cash Flows

2.10 Immunisation Portfolios

2.11 Cash Flow Matching

3.1 Classic Relative Value Analysis

3.2 Cyclical Supply and Demand Changes

3.3 Investors Short Term and Long Term Liquidity Needs

3.4 Common Rationale for Secondary Market Trading

3.5 Corporate Bond Portfolio Strategies

4.1 Effect of Leverage on Portfolio Duration and Investment Returns

4.2 Use of Repurchase Agreements (Repos) to Finance Bond Purchases

4.3 Measures of Fixed Income Portfolio Management

4.4 Use of Futures Instead of Cash Market Instruments to Alter Portfolio Risk

4.5 Formulation and Evaluation of an Immunisation Strategy Based on Interest Rates

4.6 Use of Interest Rate Swaps and Options to Alter Portfolio Cash Flow and Exposure to Interest Rate Risk

4.7 Potential Sources of Excess Return for an International Bond Portfolio

4.8 Effect of Change in Value for a Foreign Bond

4.9 Hedging Currency Risk, Break-Even Analysis and Investing in Emerging Market Debt

4.10 Criteria for Selecting a Fixed Income Manager

5.1 Role of the Equity in the Overall Portfolio

5.2 Equity Investment Approaches

5.3 Weighting Schemes

5.4 Passive Equity Investing

5.5 Approaches to Constructing an Indexed Portfolio

5.6 Active Equity Investing

5.7 Semi-Active Equity Investing (Enhanced-Index)

5.8 Managing a Portfolio of Managers

5.9 Components of Total Active Return and Approaches to Active Management

5.10 Identifying, Selecting and Contracting with Equity Managers

5.11 Structuring Equity Research and Security Selection

6.1 Introduction to Alternative Investments Portfolio Management

6.2 Selection of Active Managers of Alternative Investment Scheme

6.3 Alternative Investment Benchmarks

6.4 Return Enhancement and Risk Diversification Effects of Adding Alternative Investment to a Reference Portfolio

6.5 Venture Capital

6.6 Private Equity Fund

6.7 Commodity Investments

6.8 Hedge Funds

6.9 Managed Futures

6.10 Distressed Securities

7.1 Effects of Currency Movements on Portfolio Risk and return

7.2 Strategic Choices in Portfolio Management

7.3 Active Currency Trading Strategies

7.4 Adjusting the Hedge Ratio Using Forward Contracts and Foreign Exchange (FX) Swaps

7.5 Trading Strategies Used To Reduce Hedging Costs and Modify the Risk Return Characteristics of a Foreign Currency Portfolio

7.6 Portfolios Exposed To Multiple Foreign Currencies

7.7 Challenges for Managing Emerging Market Currency Exposures

8.1 Risk Management Applications of Forward and Futures Strategies

8.2 Risk Management Applications of Option Strategies

8.3 Risk Management Applications of Swap Strategies

9.1 The Context of Trading

9.2 Costs of Trading

9.3 Major Types of Traders

9.4 Trade Execution Decision and Tactics

9.5 Role of Ethics in Trading

11.1 Importance of Performance Evaluation

11.2 Components of Performance Evaluation

11.3 Performance Measurement

11.4 Benchmarks

11.5 Performance Attribution

11.6 Performance Appraisal

11.7 Practice of Performance Evaluation