Page 12 - MONECO Financial Training Catalogue
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INVESTMENT MANAGEMENT – ASSET ALLOCATION, PORTFOLIO CONSTRUCTION AND INVESTMENT STRATEGIES
        DATES: November 4 – 6, 2024 • PRICES: € 1,950 In-class, € 1,463 Online • LOCATION: Prague and Online


        •  Overview of Asset Classes       Course Description
          and Instruments                  This course provides a broad overview of critical elements in the investment process;
                                           reviewing  basic  financial  instruments  and  their  characteristics,  aspects  of  portfolio
        •  Asset Pricing Models:           construction and quality control as well as forecasting risk and return. The course will
          CAPM, APT and                    also focus on some of the more practical challenges facing industry practitioners today
          Multi-Factor Models              in  managing  strategic  and  tactical  portfolios  through  a  wide  range  of  traditional  and
                                           alternative asset classes.
        •  Diversification: Eggs,          Although the Investment Management course was designed with professional investment
          Baskets, Umbrellas and Ice       managers and analysts in mind, its wide-ranging syllabus also offers an excellent guide to
          Cream                            investment management generally. For this reason it can also be used as a knowledge-
                                           building  introduction  for  those  needing  to  better  understand  practical  application  of
        •  Strategic Asset Allocation      investment theory and current issues.
          and Portfolio Construction       Methodologies
                                           The methodology of this course is application oriented, leaving room for discussions and
        •  Quantitative Portfolio          participant questions.
          Management
                                           Target Audience
        •  Tactical Asset Allocation       Junior investment professionals, investment committee members, senior management,
                                           relationships and sales professionals.
        •  Derivative Strategies for       Materials
          TAA                              Participants will receive a binder with the slides presented and access to spreadsheets

        •  Risk Monitoring and             containing example calculations for all models and concepts discussed.
          Benchmarking


                                                                                15
        MONDAY, NOVEMBER 4                    Diversification: Eggs, Baskets,   13 –17 00
           00
        09 – 09 15                          Umbrellas and Ice Cream            Bond Analysis and Portfolio
          Welcome and Introduction           •  Diversifiable and Non-Diversifiable   Management
           15
        09 –12 15                             Risk                             •  Fixed-Income Securities – general
          The Investment Mandate             •  Effect of Asset Correlations and   features of bonds, Government bonds,
         •  Investment Objective              Volatility on Portfolio Volatility  Agency bond, Corporate bonds;
         •  Investment Strategy and Benchmark   •  Stability of the Variance-Covariance   Convertible bonds; Asset-/Mortgage-
         •  Risk Tolerance, Correlations and Loss  Matrix                       backed securities
         •  Eligible Instrument Universe     •  Diversification by Geography and    •  Bond Analytics – Discounting
         •  Diversification Constraints       Asset Class                       the expected cashflow (coupons,
         •  Example: Relative vs. Absolute Return                               repayment), yield to maturity; price/ytm
          Mandates                          TUESDAY, NOVEMBER 5                 relationship
                                              00
                                            09 –12 15                          •  Yield Measures and Forward Rates
          Overview of Asset Classes and      Forecasting Asset Class Returns    – Sources of return, Traditional yield
         Instruments                         •  Valuation Ratios: Price/Earnings,   measures, Yield spread measures;
         •  Cash: Deposits, CD, CP, Bills     Reverse Yield Ratio, Earnings Yield   Forward rates
         •  Government Cash Bonds, Futures and   Ratio                         •  Measuring Interest Rate Risk
          Options                            •  Equity Risk Premium            •  Fixed-Income Portfolio Strategies –
         •  Stock/Common Equity and Stock    •  Dividend Discount Model         Selecting the Benchmark, Portfolio
          Options                                                               parameters, Duration and Yield curve,
         •  Corporate Bonds and Derivatives:     Strategic Asset Allocation and   Volatility, International Corporate Bonds
          Vanilla, Convertibles, CDS        Portfolio Construction
         •  Stock Index EFTs                 •  Estimating the long-term Variance-  WEDNESDAY, NOVEMBER 6
                                                                                00
         •  Private Equity, Real Estate REIT  Covariance Matrix               09 –12 15
         •  Commodity ETFs, Indices and Futures   •  Portfolio Optimisation: Markowitz    Corporate Credit Strategies
         •  Active ETF, Exchange Traded Products   •  Incorporating Higher Moments:     •  Investment Grade: Yield Surfaces and
                                              CVaR, Drawdown                    Comparables
           15
        12 –13 15                            •  Constraints, Estimation Error and    •  High Yield Fixed Income: Bond/Equity
           Lunch break                        Other Practitioner Issues         Hybrids
           15
        13 –17 00                            •  Identifying the Optimal Portfolio   •  Using CDS for Tactical Credit Exposure
            Asset Pricing Models: CAPM and    •  Examples: Balanced, Endowment   and Hedging
          APT                                 Models and Core-Satellite
         •  Opportunity Set and Efficient Frontier                             Tactical Asset Allocation
                                              15
         •  CAPM, APT and Multi-Factor Models  12 –13 15                       •  Augmenting Strategic Returns with
         •  Factor Analysis and Principal    Lunch break                        Tactical Alpha
          Component Analysis                                                   •  Tactical Investment Horizon Equilibrium
         •  Case Study: Factor Identification                                   Breakdown and Crowd Behaviour
               12                         Hybrid course – both classroom and online training available.
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