TRAINING COURSE: Certificate in investment and portfolio management

Portfolio Theory and Asset Allocation

• Session 1: Modern Portfolio Theory (MPT)
• The Efficient Frontier: Maximizing Return for a Given Level of Risk
• Diversification and Its Importance in Portfolio Management
• The Role of Correlation in Portfolio Construction
• Portfolio Optimization Using Mean-Variance Analysis
• Session 2: Asset Allocation Strategies
• Strategic vs. Tactical Asset Allocation
• Core-Satellite Investment Strategy
• Dynamic Asset Allocation: Adjusting to Changing Market Conditions
• The Impact of Macroeconomic Factors on Asset Allocation
• Session 3: Capital Asset Pricing Model (CAPM)
• Understanding CAPM and Its Role in Portfolio Management
• The Security Market Line (SML) and the Cost of Capital
• Expected Return vs. Market Risk (Beta)
• Limitations of CAPM in the Real World

Investment Selection and Performance Evaluation

• Session 1: Investment Selection Process
• Identifying Investment Objectives and Constraints
• Fundamental Analysis: Analyzing Financial Statements, Ratios, and Valuation
• Technical Analysis: Price Patterns, Indicators, and Market Trends
• Evaluating Alternative Investments: Hedge Funds, Private Equity, Real Estate
• Session 2: Portfolio Performance Evaluation
• Performance Metrics: Total Return, Risk-Adjusted Return (Sharpe Ratio, Treynor Ratio)
• Benchmarking Performance: Index Funds vs. Active Management
• Alpha, Beta, and the Evaluation of Portfolio Managers
• The Role of the Information Ratio in Portfolio Assessment
• Session 3: Risk Management in Investment
• Risk Measurement: Standard Deviation, Value at Risk (VaR), and Stress Testing
• Hedging and Diversification Techniques
• The Use of Derivatives for Risk Management: Options, Futures, Swaps
• Managing Liquidity Risk and Credit Risk

Advanced Topics in Portfolio Management

• Session 1: Behavioral Finance and Its Impact on Investment
• Common Behavioral Biases: Overconfidence, Loss Aversion, Herd Mentality
• The Influence of Psychology on Investment Decisions
• Strategies for Overcoming Behavioral Biases in Portfolio Management
• Session 2: Global Investment Strategies
• Emerging Markets vs. Developed Markets
• Global Macroeconomic Trends and Their Impact on Investment Strategies
• Currency Risk and Its Implications for International Investments
• Diversification Benefits from Global Asset Allocation
• Session 3: ESG Investing and Responsible Investment
• Understanding Environmental, Social, and Governance (ESG) Criteria
• The Rise of Socially Responsible Investing (SRI)
• Impact Investing: Measuring Social and Environmental Impact
• Integration of ESG Factors into Portfolio Construction

Portfolio Rebalancing and Ethical Considerations

• Session 1: Portfolio Rebalancing
• The Importance of Rebalancing in Maintaining Desired Risk and Return
• Different Approaches to Rebalancing: Periodic vs. Tactical Rebalancing
• Impact of Taxes and Fees on Portfolio Rebalancing
• The Role of Portfolio Rebalancing in Long-Term Wealth Preservation
• Session 2: Tax-Efficient Portfolio Management
• Tax Implications of Investment Decisions: Capital Gains, Dividends, Interest
• Tax-Advantaged Investment Accounts: IRAs, 401(k)s, and Tax-Deferred Assets
• Tax-Loss Harvesting Strategies
• Minimizing Tax Liabilities in Portfolio Management
• Session 3: Ethical and Legal Considerations in Portfolio Management
• Ethical Issues in Investment Management: Insider Trading, Conflicts of Interest
• Regulatory Environment: SEC, FINRA, and Other Governing Bodies
• Fiduciary Duty and Best Practices for Portfolio Managers