Course start dates: 12th September & 28th November 2018
During the last decade there has been an explosive growth in the number and variety of ETFs available in the capital markets. At present there are more than 5,000 different funds being offered and the combined total of funds under management is more than four trillion dollars.
The selection of ETFs which are available to investors is now very diverse and provides investors with a real alternative to some of the more traditional funds. One of the key features of an ETF is that, since they are listed securities and trade in the same manner as shares, the pricing takes place in real-time and the funds can be bought or sold during all times when markets are open. This is unlike the position with many types of collective investment vehicles, such as unit trusts and other investment funds, where the pricing of the fund based on the Net Asset Value (NAV) of the constituents is computed at the end of each day and where the ability to transact is also limited to certain prescribed times.
For investors and traders who want to be able to react quickly to market movements and have immediate pricing and settlement for their positions the variety of ETF products is preferable to more traditional structured investment products.
Another reason behind the increasing popularity of ETFs is that many of them are constructed in a manner which enables an investor to buy or take a long position with an exchange traded fund with a view to benefiting from a downward movement in a particular sector or index. This feature makes it easier for many investors to take a short position rather than having to borrow stock from a brokerage. In addition, it is also possible to purchase exchange traded funds where leverage is “built in” to the position taken.
ETFs are also available to track the performance of various fixed income instruments such as US Treasury bonds, indices which track high yield bonds and other corporate bonds. Again these can be used to take a long position on higher yields, in effect to be short the bond on a price basis.
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The IFF Online Academy is a new online, interactive and engaging education tool designed to maximise learning for professionals with busy schedules and/or small training budgets.
The online academy brings alike professionals together and gives you the opportunity to share ideas and questions via the discussion forum creating your own professional community. Our on-demand feature means the content is available as and when you need it allowing greater flexibility to your professional development and learning.
Course participants will be able to:
Clive Corcoran has been engaged in the finance and asset management sectors, on both sides of the Atlantic, for more than 25 years. After completing his education in the UK, Canada and the US, he co-founded and became the CEO of an asset management company based in the USA during the 1980s and 90s. The company provided wealth management and fiduciary services to a variety of international clients. His own responsibilities included personalised business management, international tax planning and providing strategic financial advice to high net worth individuals. Since re-locating to the UK in 2000, he has continued, as an FCA registered investment adviser, to be engaged in providing strategic investment advice to private clients and pension funds.
During recent years he has written several books on international finance, focusing on asset allocation and risk management. He also has also been very actively involved in executive education on a global basis for finance professionals. He conducts workshops and custom courses on a variety of topics including asset allocation techniques, risk management, central banking, systemic risk, credit risk, market risk and derivatives. As part of his focus on providing training on capital markets he has considerable experience with exchange traded funds (ETFs) and other structured products.
Some of the clients for whom he has provided in house training include the European Central Bank in Frankfurt, a central bank in the Eurozone, the European Commission, three of Europe’s G-SIB banks, the largest bank in Russia, one of China’s G-SIB banks, two central banks in Africa, a sovereign wealth fund in the Gulf, one of the best known global asset management companies in Singapore, China’s largest asset management company in Beijing, a central bank in South America, a public/private partnership in project finance based in Washington D.C., a major European clearing organisation, the European Investment Bank (EIB), Goldman Sachs Asset Management and Oxford University Endowment Management.
As an author he has written several titles on finance and investment management. His most recent book entitled Systemic Liquidity Risk and Bipolar Markets was published by Wiley Finance in February 2013, and looks at new challenges facing asset allocators and risk managers in the post financial crisis environment. An earlier book entitled Long/Short Market Dynamics: Trading Strategies for Today’s Markets (Wiley, 2007) dealt primarily with alternative asset management strategies.
The programme is suitable for:
A module will be uploaded each week, allowing you to study at your own pace. Your trainer will welcome any questions that arise throughout your course.
Please note that full payment must be made prior to the course start date in order to receive your login details to begin the course.