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Our courses are intended for a global audience, with each one being completely customisable to suit the needs of the individuals it is being delivered to.

They can be delivered in London or in your home town. You decide.

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Introduction to Portfolio Management

  • Banking and Financial Markets, Energy and Commodity Markets, Equity Markets, Foreign Exchange, Fund Management, Trading and Technical Analysis
  • Information

    This a Two-Day programme. Covering Efficient Markets and Modern Portfolio theory, Portfolio optimisation, risk management and the use of derivatives.


    Day One

    Session 1:

    Modern Portfolio Theory and Efficient Markets as applied to today’s environment

    • Efficient Markets – Are they? Do we live in a ‘Normal’ world?

    • The Capital Asset Pricing Model and Efficient Frontiers

    • Betas and the search for Alpha

    • What is the correct Equity Risk Premium now? Can history be a guide

    • Case Study – Beta at work in practice

    Session 2:

    Investment Performance Measurement and Benchmark Construction

    • What sort of returns do you want to measure exactly? Relative, Absolute, Guaranteed. Lessons from the Markets and Client perceptions

    • Time-Weighted VS Money-Weighted Performance Measurement

    • Performance attribution analysis

    • What are the desirable properties of the ‘right’ Benchmark Index

    • What about unconstrained investing as a strategy?

    Session 3:

    Investing in Bonds – From Sovereign to Corporate

    • Factors to consider when managing Bond Portfolios

    • The search for Income – From Sovereign to Corporate

    • Maturity, Duration; Yield Curve and Spread trading

    • From Investment Grade to High Yield – Rising Stars and Fallen Angels

    • Case Study – Credit Spreads in Practice across the Emerging Market Bond Universe

    Session 4:

    Investing in Equities – From Active to Passive

    • Thematic VS geographical selection criteria

    • Growth VS Value Investing – how do the numbers work?

    • Thematic Investing – the Ethical/Green approach

    • Can active management add value? The growth of Index Tracking

    • Exchange Traded Funds – Active passive?

    • Case Study – Assessment Criteria used by Equity Fund Managers

    Day Two

    Session 1:

    Portfolio Construction for Private clients in practice

    • How have Wealth Managers’ invested their Clients’ wealth to date?

    • Investments of ‘passion’

    • Changing Asset allocation strategies in today’s Markets

    • Diversification VS Correlation

    • Case Study – Correlations between the Equity Markets of Africa

    • Client profiles and model portfolios

    • Case Study – Putting together a Portfolio for a HNWI in practice

    Session 2:

    Risk Measurement and Management across the Investable Universe

    • Volatility – Statistical probability and dispersion of returns

    • Fat Tails in Finance & Black Swans explained

    • Case Study – Volatility in practice across the Mutual Fund Universe

    • Sharpe Ratios – Risk adjusted performance measurement

    • Portfolio Optimisation and rebalancing (Excel demonstration)

    • Value at Risk

    Session 3:

    Using Derivatives in Portfolio Management

    • Which products do Portfolio Managers mainly use and why?

    • For Hedging or Speculation

    • Exchange Tradable VS Over-the-Counter instruments

    • Index Futures – Hedging a Portfolio, Margin requirements

    • Swaps for Fund Managers – Equity Index; Credit Default

    • Using Options to protect Portfolio positions

    Session 4:

    Using Alternative Investments in the Portfolio – Hedge Funds

    • What are they exactly? How do they differ from conventional Funds?

    • The non-correlated Asset Class – Efficient Frontiers revisited

    • Survivorship Bias, Drawdown

    • Transparency issues

    • Benchmark risks for Investors

    • Manager tactics – Leverage and Shorting explained

    • Case Study – How do Investors choose their Hedge Fund Manager?

    Course Close

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    As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.

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