PORTFOLIO MANAGEMENT AND ASSET PRICING TRAINING VIA ZOOM

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  • PORTFOLIO MANAGEMENT AND ASSET PRICING TRAINING VIA ZOOM

    This 4-day education program aims to provide participants with a strong foundation in investments.

    Participants need to have a solid understanding of time value of money concepts, basic understanding of financial statements as well as a solid grasp of Excel formulas and programming.

    On the first day of the program, an introduction to portfolio theory will be made and Markowitz mean-variance methodology will be introduced. In addition, participants will acquire the knowledge to calculate the optimal risky portfolio.

    The second day of the program will discuss the efficient market hypothesis and anomalies in equity returns. In addition, investment strategies and structures of mutual funds, exchange traded funds and hedge funds will be detailed.

    The third day of the program will first briefly introduce the bond pricing mechanism. Participants will then learn arbitrage-free bond valuation using spot rates. Next, forward rates will be calculated from the treasury yield curve. Moreover, after discussing floating rate bonds, theories about the term structure of interest rates will be explained.

    During the last day of the program, participants will be introduced to the duration and convexity of concepts for fixed-income securities. This knowledge will enable participants to hedge their fixed income portfolios against interest rate fluctuations.

    After the program, participants will possess a strong foundation in modern portfolio theory and fixed income securities.