Active Portfolio Management and Asset Allocation
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Active Portfolio Management and Asset Allocation Course
Introduction:
Asset allocation is an investment portfolio technique that aims to balance risk by dividing assets among major categories such as cash, bonds, stocks, real estate, and derivatives.
The consensus among most financial professionals is that asset allocation is one of the most important decisions investors make.
The Active Portfolio Management & Asset Allocation course reviews in detail the latest developments and best practices within the banking and finance industry, with a key focus on asset allocation, portfolio construction, style management strategies, performance measurement, and popular thematic trends.
Course Objectives:
At the end of this Active Portfolio Management & Asset Allocation course you will know how to:
- Design robust asset allocation models for all market conditions
- Build and maintain optimal portfolios based on investor needs
- Analyze the key features, advantages, and risks of a broad range of asset classes and their performance in different market conditions
- Recognize different approaches to identifying and capturing alpha
- Gain a competitive advantage by understanding behavioral biases and how to manage them
- Address the theoretical and practical issues in connection with multi-asset class investing
Who Should Attend?
The Active Portfolio Management & Asset Allocation course is designed for:
- Delegates with a knowledge of the fundamentals of modern portfolio theory, asset allocation theory, equity analysis, and portfolio construction techniques.
Course Outlines:
Introductions
- An overview of trends within the industry
- The 'theoretical' backdrop – tools and concepts
- Understanding asset allocation
- Rebalancing and reallocation
Building the equity allocation
- Asset allocation and other portfolio construction disciplines
- The search for 'alpha' and the importance of information ratios
- The emergence of SMART Beta
- Performance Measurement and Attribution
- Individual investor behavior
- Asset class characteristics
- Integrating alternative assets with 'traditional' asset classes
Building the Fixed Income Allocation
- Overview
- Type of bond
- Type of issuer
- Risks associated with fixed-income
- Emerging Market Fixed income
- Hedge ratio
- Asset SWAP’s
- Yield components
- Duration hedging
- Convexity
- Fixed income attribution
Hedge funds
- The key attributes of hedge funds
- The case for investing in hedge funds
- An overview of the trading techniques and tactics - understanding short selling, leverage, and derivatives
- Hedge fund styles and strategies
Risk management
- Measuring risk
- Types of risk
- The key ratios and measures
- Skewness and Kurtosis
Private Equity
- Definition of Private Equity
- The main sources of Private Equity
- The Case for Private Equity
- Constructing the Private Equity portfolio
- Monitoring the portfolio and measuring performance
- Measuring correlation with public markets
- Current trends in the marketplace
Property
- Gaining exposure to the asset class
- Performance measurement and benchmarks
- Correlation
Commodities
- Including commodities in the portfolio
Structured products
- What are structured products?
- Foreign exchange products
- Certificates
- Index
- Basket
- Comparison with mutual funds
- Covered warrants
- Capital guarantee and protection products
- Vanilla products
- Portfolio insurance
- Maximum return products
- Discount certificates
- Reverse convertibles
- Derivatives
- Exchange Traded Funds – tools for tactical asset allocation
- Ad hoc solutions or part of portfolio construction?
