Training Courses

Introduction to Investment Management

Category: Investment Management

Course level: Introductory

Open

This one-day course is designed to unlock the mystery surrounding the investment industry. The course will enable the delegates to improve their understanding of their roles within a firm and how they can enhance their effectiveness.

No prior knowledge is assumed and all terms will be fully explained.

Case studies using product literature form an integral part of the course, to allow the delegates to consolidate the information and provide the basis for group discussions.

Objectives

By the end of the course, delegates will have an improved understanding of:

  • the client’s investment objectives
  • investment products – types, distribution and pricing
  • investment strategies and styles
  • the structure of investment firms
  • benchmarking and performance analysis

Length

1 day

Course Content

Savers and borrowers

Relationship between personal savings and capital flows to governments and industry
Role of investment firms as intermediaries
Debt vs equity – risks and potential rewards

Investment objectives

Client’s time horizon
Income vs capital growth
Ethical investments (SRI policies)
Meeting future liabilities
Risk tolerance
Case study: Structured products – syndicate groups will build a portfolio using retail investment products (premium bonds, national savings, funds and cash deposits)

Asset classes

Shares (equities)
Fixed income – corporate and government bonds
Cash
Real assets
    Property, art, commodities, etc.
Alternative assets
    Hedge funds, private equity, venture capital
Derivatives
Risk
Returns from different asset classes

Winning new business

Institutional sales and marketing
Retail fund distribution
 

Investment products – institutional pension schemes

Defined benefit vs defined contribution
Who controls the scheme?
    Plan sponsor, actuary, consultants, trustees, members
    Statement of Investment Principles and SRI policies
Pensions Act 2004
    Role of the regulator, Pension Protection Fund
Fee structures
Asset allocation
    Strategic allocation and TAA
Investment approaches
    Balanced funds
    Core plus satellite
    Multi-manager approach
Specialist approaches
    Hedge funds

Other institutional products

Insurance
White labelling
Charities
Local authority pensions

Investment products – retail funds

Collective Investment Schemes
    Unit trusts, OEICs and SICAVs
    FSA Investment restrictions (UCITS III)
    Role of the trustee/depository
Fund distribution – fund supermarkets, open architecture, IFAs, banks
Fund pricing
    Fees and TERs
 

Other retail products

ISAs
Pensions
    Personal pensions and stakeholder pensions
Umbrella funds (broker funds, fund of funds)
Wrap accounts
Investment trusts

Wealth management

Investment objectives
Private pensions – SIPPS, SSASs
Hedge funds
Segregated vs unit-linked funds
Case study: Building an investment portfolio for a lottery winner - each syndicate will build a global portfolio using retail funds to meet their long-term goals


Investment strategies

Index tracking styles
    Replication, sampling, optimiser models, using index futures
Active styles
    Top-down vs bottom-up
    Growth vs value investing (stock selection)

Performance

Performance
    Absolute vs relative
    Sector average vs indices
Information ratio
Case study: Performance review of a retail fund

The structure of an investment institution

The structure of an investment institution
The front office
    Role of portfolio managers, analysts, strategists,
    economists, etc.
The middle office
    Dealing, FX deals
Investment administration
    Fund admin (settlements, custody, cash management,
    stock reconciliations and valuations)
Client services, business operations
Compliance and the regulatory environment
Following a transaction through the market
Case study: The dealing process 

Delegates will be divided into two groups and asked to place various dealing processes in the correct order
The first group will work with the purchase of a stock by a portfolio manager
The second group will look at the purchase of a fund by a retail client

This course would be suitable for:

  • Client services and call centres
  • Finance and accounting
  • HR and training
  • Investment administration and operations
  • IT and software developers
  • Legal & Compliance
  • New entrants
  • PR and recruitment firms
  • Risk management
  • Sales and marketing

This course would be suitable for these exams:

  • CFA - Level 1
  • IMC
  • SII Diploma - Fund Management
  • SII Diploma - Private Client Investment Advice and Managment
  • SII IAQ - Introduction to Securities & Investments
  • UKSIP - Introduction to Investment

Available dates

2/12/2008 09:15-17:00LondonGBP 595.00 Ex. VAT
GBP 699.13 Inc. VAT		Book Now
10/12/2008 09:15-17:00JerseyGBP 595.00Book Now
3/3/2009 09:15-17:00LondonGBP 595.00 Ex. VAT
GBP 699.13 Inc. VAT		Book Now
10/3/2009 09:15-17:00EdinburghGBP 595.00 Ex. VAT
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17/3/2009 09:15-17:00DublinGBP 595.00 Ex. VAT
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21/4/2009 09:15-17:00LondonGBP 595.00 Ex. VAT
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16/6/2009 09:15-17:00JerseyGBP 595.00Book Now
23/6/2009 09:15-17:00LondonGBP 595.00 Ex. VAT
GBP 699.13 Inc. VAT		Book Now
15/9/2009 09:15-17:00LondonGBP 595.00 Ex. VAT
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6/10/2009 09:15-17:00EdinburghGBP 595.00 Ex. VAT
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13/10/2009 09:15-17:00JerseyGBP 595.00Book Now
17/11/2009 09:15-17:00DublinGBP 595.00 Ex. VAT
GBP 699.13 Inc. VAT		Book Now
24/11/2009 09:15-17:00LondonGBP 595.00 Ex. VAT
GBP 699.13 Inc. VAT		Book Now
1/12/2009 09:15-17:00JerseyGBP 595.00Book Now
8/12/2009 09:15-17:00EdinburghGBP 595.00 Ex. VAT
GBP 699.13 Inc. VAT		Book Now

All course fees are subject to UK VAT (17.5%) where applicable. For payments made in Euros, VAT/TVA will not be added on receipt of the client's VAT No.