Rapid and profound change.
This is the investment world we live in. If you're not knowledgeable of the changes that occur in the financial industry, you and your clients will be left behind.
In this course you'll gain the practical investment theory, intuition and insights necessary for modern practitioners. Through the process of doing you will see the link between theory and practice.
Course content is consistent with the Chartered Financial Analyst Institute and core practitioner investment knowledge.
The course material covers the following:
Background and Issues
- Real vs. Financial Assets
- Taxonomy of Financial Assets
- Markets and the Economy
- Investment Process
- Competitive Markets
- Players and Recent Trends
Asset Classes and Instruments
- Money Market
- Bond Market
- Equity Securities
- Stock and Bond Market Indexes
- Derivative Markets
Securities Markets
- How Firms Issue Securities
- How Securities are Traded
- Foreign and U.S. Market Structures
- Trading Costs
- Buying on Margin and Short Sales
- Securities Market Regulation
Investment Companies
- Types of Investment Companies
- Cost of Investing in Mutual Funds
- Taxation of Mutual Fund Income
- Exchange-Traded Funds
Risk and Return
- Rates of Return and Risk Premiums
- Historical Records
- Inflation and Real Rates of Return
- Asset Allocation and Passive Strategies
Efficient Diversification
- Diversification and Portfolio Risk
- Asset Allocation with Risky Assets
- Multiple Risky Assets
- Optimal Risky Portfolios
- Diversification with Risky Assets
- Single Factor Asset Market
- Risk of Long-Term Investments
Capital Asset Pricing
- Capital Asset Pricing Model
- CAPM and Index Models
- CAPM and the Real World
- Multifactor Models and CAPM
- Arbitrage Pricing Theory
Efficient Markets
- Implication of EMH
- Mutual Fund Performance
- Analyst Performance
Behavioral Finance
- Behavioral Critique
- Technical Analysis
- Behavioral Finance
Bond Prices and Yields
- Bond Characteristics
- Bond Pricing and Yields
- Bond Prices over Time
- Default Risk
- Yield Curve
Capital Asset Pricing
- Interest Rate Risk
- Convexity
- Active and Passive Management
Macroeconomics
- Global Economy
- Domestic Macroeconomics
- Interest Rates
- Demand and Supply Shocks
- Federal Government Policy
- Business Cycles
- Industry Analysis
Options Markets
- Option Contract
- Options at Expiration
- Option-like Securities
- Exotic Options
Equity Valuation
- Valuation by Comparables
- Intrinsic Value vs. Market Price
- Dividend Discount Models
- Price-Earnings Ratios
- Free Cash Flow Valuation
Financial Analysis
- Major Financial Statements
- Accounting vs. Earnings
- Profitability Measures
- Ratio Analysis
- Economic Value Added
- Value Investing: Graham
Future Markets
- Futures Contracts
- Trading in Future Markets
- Futures Market Strategies
- Determination of Futures Pricing
- Financial Futures and Swaps
Management Evaluation
- Risk-Adjusted Returns and Style Analysis
- Morningstar's Risk-Adjusted Rating
- Performance Attribution Procedures
- Lure of Active Management
- Market Timing
- Treynor-Black Model
Globalization
- Global Market for Equities
- Risk and Return in Overseas Investing
- Benefits from Diversification
- Performance Attribution
Taxes and Inflation
- Saving for the Long Run
- Accounting for Inflation and Taxes
- Economics of Tax Shelters
- Social Security
- Children's Education
- Large Purchases
- Home Ownership: Rent vs. Own
- Uncertain Longevity
- Transfers of Wealth
Investment Process
- Investors and Objectives and Constraints
- Policies, Monitoring and Revising Portfolios