Fundamentals Of Fund Management
An essential training course for anyone needing to understand the fund management industry and the products that drive it. Taught from a practitioner's perspective this is the only fund management training course that looks at the topic from such a global perspective.
Course Highlights
I do not deal with asset allocation directly, but my gained knowledge will help me have a better view and be able to advise customers
A.C., Alpha Bank
Attend this three-day intensive training course and equip yourself with a clear practical understanding of:
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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
For details of the course trainer, please download the course brochure
Booking Information
| Dates | Prices | Book This Course | Discount |
|---|---|---|---|
| 20 - 22 Sep 2010 |
£ 2099 |
 |
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| 13 - 15 Apr 2011 |
£ 2099 |
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Course Programme
I do not deal with asset allocation directly, but my gained knowledge will help me have a better view and be able to advise customers
A.C., Alpha Bank
“The trainer is a professional speaker with a vast experience, which is vital when training delegates with a wide range of experience.”
I.P., Gartmore
I received a good theoretical base that will help me to be more rational in my day-to-day practical work in equity management
C.K., Lloyds TSB
Understanding the fundamentals of investment
- Investors: their requirements and objectives
- Understanding risk, diversification and inflation
- Examining the investment assets
- characteristics
- historical returns
- projecting returns
Understanding the fund management process
- The theories 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
- Business models changes due to the credit problems and regulatory changes
- Effective management for ultimate results
- tactical asset allocation
- securities selection
- Controlling the process
- performance measurement
- attribution analysis
Examining types of funds and investment products
- 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
- bonds
- commodities
- derivatives: swaps, futures, options and more
Linkage between economic activity and investment markets
- The key drivers and government impact
- The business and investment cycles
- Economic growth and recession/depression
- A cyclical approach to investment: exploiting the investment cycles
- Sentiment, excesses and crashes – regulatory response to recent events
Analysing equity 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
In detail: fixed income fund management
- Styles of bond fund management
- Understanding bonds pricing
- Mastering the concepts of duration & convexity
- Examining bond swapping techniques
- Learning the theory and practice of portfolio switching
- Bond portfolio management
In detail: 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
- commodities
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
- assets
- currencies
- countries
- sectors
- stocks
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
- GIPS
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