Course Outline
 

Course Title

  

Portfolio Management

Course Category

    Online
Target Audience  

This course is designed for institutional investors who wish to gain a complete understanding of the use of interest rate derivatives within the context of a fixed income or interest rate sensitive portfolio.

Continuing Education

  

Professional Development:
CA, CGA, CMA, IDA

7 MX CE Credits

Prerequistes

   Participants must have a complete understanding of fixed income securities, interest rate futures, swaps, and options or have completed the Fixed Income Securities course and the Interest Rate Futures, Swaps and Options courses of this series.
Objectives   Upon completion of this course, participants will have a complete understanding of some of the issues surrounding the use of derivatives within the context of a fixed income or interest rate sensitive portfolio. Participants will also be able to appreciate the unique capabilities of interest rate derivatives and how these instruments can be a powerful addition to any portfolio manager's toolbox.
Subject by level  

Topics  

Review of Key Portfolio Management Concepts
-  Portfolio Management Objectives
-  The Importance of Asset Class Selection
-  The Leverage Inherent in Derivatives
-  Unlimited vs. Limited Risk Positions
-  Multidimensional Aspects of Interest Rates

Risk Measurement
-  Why standard Deviation is Difficult to Apply in an Interest Rate Context
-  Introduction to Duration
-  Numerical Duration and PV01
-  Using Duration and PV01 to Calculate Hedge Ratios
-  Value At Risk (VAR)
-  Scenario Testing
-  Operational Issues

Specific Hedging Strategies
-  Single Rate Strategies
-  Multiple Rate Strategies

Specific Speculation Strategies
-  Single Rate Strategies
-  Multiple Rate Strategies

Self-test

 
Duration   This on-line course is equivalent to an in-class course with a duration of 7 hours. On-line courses are self-paced, and the time necessary to complete each course will vary with each student.
Time to comple the course   Six months (user account can be deactivated after this period).
Date   Available now
Clode this window