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CREATED:20241001T220000Z
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UID:10043447-1789862400-1790294399@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *		\n			Name Type from\n			\n		\n		Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2026-09-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20261020
DTEND;VALUE=DATE:20261025
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043448-1792454400-1792886399@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *		\n			Address Organization details\n			\n		\n		Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2026-10-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20261120
DTEND;VALUE=DATE:20261125
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10035999-1795132800-1795564799@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *Address		\n			3 Additional of\n			\n		\n		Address Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2026-11-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20261220
DTEND;VALUE=DATE:20261225
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043449-1797724800-1798156799@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *		\n			details Name Participants\n			\n		\n		Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2026-12-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270120
DTEND;VALUE=DATE:20270125
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043450-1800403200-1800835199@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *		\n			Venue Line Organization\n			\n		\n		Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-01-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270220
DTEND;VALUE=DATE:20270225
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043451-1803081600-1803513599@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *		\n			organization Details Additional\n			\n		\n		Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-02-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270320
DTEND;VALUE=DATE:20270325
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043452-1805500800-1805932799@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *Address		\n			Organization Course from\n			\n		\n		Address Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-03-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270420
DTEND;VALUE=DATE:20270425
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043453-1808179200-1808611199@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubai		\n			Address Applicant Number\n			\n		\n		Additional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-04-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270520
DTEND;VALUE=DATE:20270525
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043454-1810771200-1811203199@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLast		\n			3 Information Name\n			\n		\n		Number of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-05-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270620
DTEND;VALUE=DATE:20270625
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043455-1813449600-1813881599@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLast		\n			of Line from\n			\n		\n		Address Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-06-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270720
DTEND;VALUE=DATE:20270725
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043456-1816041600-1816473599@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participants		\n			Information organization Line\n			\n		\n		Additional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-07-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270820
DTEND;VALUE=DATE:20270825
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10036008-1818720000-1819151999@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubai		\n			Course Line Course\n			\n		\n		Additional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-08-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20270920
DTEND;VALUE=DATE:20270925
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043457-1821398400-1821830399@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participants		\n			Organization Address Number\n			\n		\n		Additional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-09-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20271020
DTEND;VALUE=DATE:20271025
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043458-1823990400-1824422399@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLast		\n			Number Address Email\n			\n		\n		Email *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-10-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20271120
DTEND;VALUE=DATE:20271125
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043459-1826668800-1827100799@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participants		\n			2 Name Organization\n			\n		\n		Additional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-11-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20271220
DTEND;VALUE=DATE:20271225
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043460-1829260800-1829692799@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional Information		\n			Details Additional Phone\n			\n		\n		Organization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2027-12-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280120
DTEND;VALUE=DATE:20280125
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043461-1831939200-1832371199@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLast		\n			of Address Organization\n			\n		\n		Email *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-01-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280220
DTEND;VALUE=DATE:20280225
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043462-1834617600-1835049599@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubai		\n			Email of 2\n			\n		\n		Additional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-02-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280320
DTEND;VALUE=DATE:20280325
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043463-1837123200-1837555199@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLast		\n			Name Venue Line\n			\n		\n		Address Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-03-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280420
DTEND;VALUE=DATE:20280425
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043464-1839801600-1840233599@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *		\n			3 Information Address\n			\n		\n		AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-04-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280520
DTEND;VALUE=DATE:20280525
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043465-1842393600-1842825599@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)		\n			Address Name Details\n			\n		\n		Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-05-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280620
DTEND;VALUE=DATE:20280625
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043466-1845072000-1845503999@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLast		\n			Additional Additional Address\n			\n		\n		Organization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-06-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280720
DTEND;VALUE=DATE:20280725
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043467-1847664000-1848095999@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLast		\n			of organization Address\n			\n		\n		Organization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-07-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280820
DTEND;VALUE=DATE:20280825
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043468-1850342400-1850774399@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLast		\n			Organization from Name\n			\n		\n		Email *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-08-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20280920
DTEND;VALUE=DATE:20280925
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043469-1853020800-1853452799@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLast		\n			Course Information Additional\n			\n		\n		Address Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-09-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20281020
DTEND;VALUE=DATE:20281025
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10036022-1855612800-1856044799@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional Information		\n			Organization Name Course\n			\n		\n		Organization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-10-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20281120
DTEND;VALUE=DATE:20281125
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043470-1858291200-1858723199@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *		\n			Line Participants Type\n			\n		\n		AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-11-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20281220
DTEND;VALUE=DATE:20281225
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043471-1860883200-1861315199@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional Information		\n			Applicant Line Information\n			\n		\n		Organization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2028-12-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20290120
DTEND;VALUE=DATE:20290125
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043472-1863561600-1863993599@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm Email		\n			Type Course Name\n			\n		\n		Phone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal Skills and Self DevelopmentIT Management and Cyber SecurityLeadership and ManagementManagementPlanning and Strategy ManagementProject ManagementPublic RelationsQuality and ProductivityRisk and ComplianceSafety and EnvironmentSecurity ManagementSelect the correct course category (typically found below in the course details)Course Name *Course VenuePretoria\, South AfricaDurban\, South AfricaCape Town\, South AfricaKigali\, RwandaHarare\, ZimbabweDubaiAdditional InformationOrganization Name *AddressAddress Line 2 *FirstLastAddress Line 3 *FirstLastOrganization Contact DetailsFirstLastNumber of Participants from organization\n\n\n\n	Participants: 1\nUse the slider to chose whether you want to register only 1 or 10 participantsAdditional Participants detailsSubmit
URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2029-01-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
ATTACH;FMTTYPE=image/jpeg:https://basatraining.com/wp-content/uploads/2024/10/equity-Itu5jL.jpg
ORGANIZER;CN="BASA":MAILTO:info@basatraining.com
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20290220
DTEND;VALUE=DATE:20290225
DTSTAMP:20260202T091340Z
CREATED:20241001T220000Z
LAST-MODIFIED:20260202T091340Z
UID:10043473-1866240000-1866671999@basatraining.com
SUMMARY:Managing Equity Portfolios- Short course
DESCRIPTION:Managing Equity Portfolios- Short course\nWhy Attend\nThis course is specifically designed to cover the key elements of portfolio construction for equities and equity-related products.  It includes an analysis of the relative suitability of the wide variety of equity instruments available for investors with various risk appetites and investment horizons. \nA core focus of the course is a comprehensive review of the different kinds of strategic and tactical allocation strategies\, returns forecasting and portfolio optimization approaches. In addition\, there is an emphasis on performance attribution and numerous real-world examples of how risk management and hedging techniques can be applied to equity portfolios. \n\nCourse Methodology\nThis course utilizes presentations with abundant opportunities for collective exercises and discussions of the topics raised. Modelling tools in Excel will also be offered to participants and several case studies and research material will be provided. \nCourse Objectives\n\n\nBy the end of the course\, participants will be able to: \n\nDemonstrate a deep understanding of equities as an asset class\nDetermine the “fair value” of equities through analyzing the different models that have been used for deriving corporate valuations\nApply analytical skills to the value of fundamental analysis of corporate performance and equity valuation using financial statements\nRecognize the key principles and lessons from different styles of asset allocation and portfolio management\, including innovative approaches following the 2007/8 financial crisis\nDemonstrate competence with equity-based derivatives and know how to benefit from their use as hedging tools\n\nTarget Audience\n\n\nThe course is ideal for those who are engaged in both the buy side and sell side of asset management and trading\, and who wish to expand and refine their knowledge of global equities\, the markets/platforms upon which they are traded and techniques for portfolio construction and management.  It is also highly useful for fund managers whose mandate entails a significant risk exposure to emerging market equities. \nTarget Competencies\n\n\n\nAnalytical Skills\nPortfolio Management\nAsset Allocation\nPortfolio Construction\n\nOutline\n\n\nOverview of Equities as an Asset Class\n\n\n\nHow does equity ownership compare to other financial claims?\nPosition of equity vis à vis other elements in corporate capital structure\nReview of equity capital from an accounting perspective\nCharacteristics of ordinary\, bearer and registered shares\n\nCumulative\, participating\, and convertible preference shares\nRanking for dividends and liquidation\n\n\nOverview of the primary issuance of Equity Securities\nEquity Markets and Trade Execution\n\nOrder driven/quote driven platforms\n\n\nWarrants and Covered warrants\nContracts for Difference (CFD’s)\nOverview of equity based collective investment vehicles\n\n\n\nPrimary Issuance\, Clearing\, Custody and Trading Of Equity Securities\n\n\n\nListing securities – the regulatory framework\, investor disclosures\nStructure and stages of an initial public offering (IPO)\nAlternative routes for going public – direct listings\, SPAC’s\n\nRole of intermediaries\, book building\, pricing\nBenefits for the issuer and investors\nUnderwritten versus best efforts\nOversubscribed issues and greenshoe options\n\n\nRole of exchanges in providing secondary market facilities\, platforms\nAlternative Trading Venues\nMultilateral Trading Facilities and dark pools\nThe meaning of ‘books closed’\, ‘ex-div’ and ‘cum div’\, cum\, special ex\, special cum\, and ex rights\nExplanation of the nature and objectives of High Frequency Trading (HFT)\nPrinciples of Delivery versus Payment (DVP) and Free Delivery\nInternational Central Securities Depositories (ICSD)\nExamination of the role of Custodians/Nominees\nPurpose\, requirements and implications of securities lending SBLI’s\nShort selling\, collateral management\, re-hypothecation etc.\n\n\n\nGlobal Equities Markets/Indices\n\n\n\nPrincipal indices/exchanges\nEmerging and frontier markets\nClassification systems of global equity markets – MSCI\, FTSE\nHistorical survey of performance of main global equity indices\n\nHistorical P/E ratios\n\n\nRegulatory and supervisory environment\n\nShareholder protections etc.\n\n\nStructure and size of markets\, volumes\nLiquidity and transparency\nTrading characteristics e.g. prevalence of off exchange activities\n\n\n\nFinancial Statement Analysis\n\n\n\nPurpose\, structure and use of balance sheets\, income statements and cash flow statements\nKey classes of financial ratios:\n\nProfitability\, Liquidity\, Asset turnover\, Gearing\nKey Investor ratios\nEarnings Per Share (EPS)\, P/E Ratios (historic and prospective)\, Price/Earnings-to-Growth (PEG) ratio\nDividend yield\, Dividend/interest cover\n\n\nAdvantages and challenges of performing financial analysis\nComparing companies across and within sectors\nAccounting for Corporate Actions\n\nStock and cash dividends\nRights issues\, open offers\, offers for subscription and for sale\nCalculation of theoretical effect on the issuer’s share price of bonus/scrip\, consolidation\, rights issues\n\n\n\n\n\nCorporate Valuation Methods\n\n\n\nFundamental equity valuation – Discounted Cash Flow (DCF) techniques\nModels based on calculating the Present Value of future dividend flows\n\nSimple Model\nMulti-stage model\n\n\nComparing valuations across different sectors\nWhat discount rate should be used in DCF models?\nDetermining the Weighted Average Cost of Capital (WACC)\nWhat multiples should be used for individual companies\, for overall market?\nHow to value high growth enterprises with no dividends\nSustainability of profits and commercial disruptions\nRelationship of corporate valuations to underlying interest rate environment\nReturn on Equity (ROE) measurements – including risk-adjusted return on capital (RAROC)\nRisk Adjusted valuations – incorporating beta into valuation methods\nImportance of changes in the regulatory environment on valuation forecasting\n\n\n\nEquity Allocation and Performance Attribution\n\n\n\nCriteria for determining the relative allocations for equities\, fixed income\, alternative assets etc.\nContribution of each to overall portfolio return\n\nStrategic versus tactical\nCore versus satellite holdings\n\n\nActive equity allocation – stock selection vs. passive investment\nRelative performance of active managers to benchmarks\nPerformance attribution – allocation to specific securities vs. overall exposure to benchmarks\nExamination of contrasting styles of Growth vs. Value investing\nWarren Buffet’s investment philosophy\n\n\n\nPortfolio Theory and the Risk/Return Trade Off\n\n\n\nCornerstones of Capital Asset Pricing Model (CAPM)\n\nSecurities market line (SML)\, beta\, alpha\, risk free rate etc.\nThe concept of the efficient frontier\nSystematic Risk and idiosyncratic or specific Risk\n\n\nModern Portfolio Theory (MPT) and diversification\n\nMarkowitz model and covariance matrix analysis\n\n\nRisk Adjusted Return\n\nSharpe Ratio\, Sortino Ratio\, Treynor Ratio\, Calmar Ratio\, Total Expense Ratio (TER)\nRisk-adjusted return on capital (RAROC)\n\n\nDifference between CAPM and Arbitrage Pricing Theory (APT)\nActive and passive strategies – index tracking\, stock picking\, transaction costs\nHedging and use of derivatives in risk management\nSurvivorship bias phenomenon\n\n\n\nRisk Budgeting\n\n\n\nExplanation of risk premia – excess return or compensation for not holding riskless assets\nRisk as a scarce resource and how to allocate exposures according to risk premia and expected returns\nStatistical distributions for modelling probability structures\nBenchmarks and tracking errors – active versus passive risk\nRecognizing importance of drawdowns – holding periods\, needs for liquidity\nExpected returns from a risk-budgeting perspective\nObligations to market – trading book\, Basel III approaches\nCalculations and mechanics of standard deviation / tracking error/ M 2 / beta\nValue at Risk – methodologies\, Expected Shortfall\, Extreme Value Theory\n\n\n\n\n\n\n\nExchange Traded Funds (ETF’s)\n\n\n\nCompare availability and range of ETF’s traded on US\, European platforms\nNumber of funds\, assets under management\, growth trajectories\nContrast features of ETF’s to other collective investment vehicles (CIV’s)\nFiduciary/trust architectures\, role of sponsors\, creation units\nContrast passive index tracker ETF’s (the majority) with actively managed funds\nExamination of MSCI geographical indices which many ETF’s track\nFeatures of inverse ETF’s\, leveraged funds\nContrast between funds which hold “physicals” versus those which are synthetic – hold futures\, swaps\, structured products.\nReplication strategies – stratified sampling vs. full replication\, use of synthetics\nExamination of tracking error for exchange traded products\nRisks associated with ETF’s\, liquidity risk\, risks with synthetic ETF’s\n\n\n\nSpecial Risk Factors for Emerging Market Equities\n\n\n\nExamination of how capital flows into emerging markets are influenced by the intention of central banks especially Federal Reserve to push asset managers into risk assets\nGlobalization of resourcing and capital flows has invalidated much traditional macro-economic theory regarding economic cycles\nDifferentiation between EM economies which have trade surpluses/deficits\nExamination of negative feedback loops for EM markets when advanced economies reduce their accommodative monetary policy\nExamination of ETF’s which provide exposure to emerging market equity and debt\nAnalysis of correlation between emerging market equities and commodities\nChallenges and strategies for hedging and managing risk of emerging market equities because of lack of depth in markets for hedging exotic currencies\n\n\n\nTechniques For Forecasting Expected Returns\n\n\n\nRisk Factor Asset allocation strategies – reversing the trend of MPT and focusing on specific factors which “account” for asset class behaviour\nIdentifying key risk factors as drivers of asset prices\nInsights from behavioural finance – risk seeking versus risk aversion\nLong term correlations amongst asset classes – mean reversion\nContrarian indicators – sentiment\, positioning of traders\, hedge funds\nIs there any evidence of asset returns having cyclical behavior?\n\n\n\nOverview of Equity Based Derivatives\n\n\n\nTerminology – underlying\, spot markets\, options\, futures\, swaps\n\nInitial margin\, variation margin\, cost of carry\, basis risk\nEquity index futures contracts\nOptions on individual equities and equity indices\nAmerican\, European\, Asian style\n\n\nPuts and calls – perspective of buyer and writer\nRisk elements of derivatives\n\nCounterparty risk\, Market risk\, Liquidity risk\nRisks to the buyer of futures/options\nRisks to the writer/seller of futures/options\n\n\nExplain the key contrasts between Exchange traded versus Over the counter (OTC) derivatives\nCentral clearing versus counterparty risk\nRole of options/futures in hedging equity portfolios\nRole of Total Return Swaps – collateral issues\, lessons from Archegos debacle\n\n\n\nManaging Risk for Equity Portfolios\n\n\n\nMain types of portfolio risk\n\nMarket risk – asset price volatility\, currency\, interest rates etc.\nInvestment horizon and holding period\nSystemic and tail risk\n\n\nPrinciples used to mitigate portfolio risk:\nSeeking relatively uncorrelated assets\nBenefits/limitations of diversification\nUse of derivatives in hedging and risk management\nModeling risk scenarios – stress testing\, stress regression based on outlier values\, tools of statistical analysis\, Monte Carlo simulations\, back testing\nTail risk protection strategies\n\n\n\nSmart Beta Strategies\n\n\n\nReview of the logic behind smart beta – risk factor asset allocation models\nExamination of the performance of various widely used smart beta ETF’s\nCrowding and herding issues with smart beta strategies\nAre the promises provided by smart beta ETF sponsors warranted?\n\n\n\nESG Strategies\n\n\n\nExamine arguments for and against ESG in relation to investment performance and effectiveness\nAnalyze how ESG can create both risks and opportunities for investors\nReview case studies and actual examples of decision making regarding ESG\n\n\n\nConcluding Themes\n\n\n\nThe benefits of strategic investment vs. short term trading and market timing\nRecognition that investor behavior can be emotion driven in the short term but more calculated over longer term horizons\nSources of bias in decision making and judgment in asset allocation\nEstablishing investment objectives that can be defined\, quantified\, and achieved successfully\nImportance of periodic re-balancing and refreshment of portfolios\nSynthesis of different asset allocation approaches\nMacro-economic top-down allocation\nMicro-economic bottom-up allocation\n\n\n\nEvent Coordinated by BASA Training \nYou can also visit our Online Courses Website Excel Elearning \nYou can also get an affordable ebook on ebooksnest.com \n\n\n\n\n\nRegistration Form\nPlease enable JavaScript in your browser to complete this form.Please enable JavaScript in your browser to complete this form.Applicant Details *FirstLastEmail *EmailConfirm EmailPhone Number *Course Type *--- Select Choice ---CertificationsAccounting and FinanceAdministrationAuditing and GovernanceBankingBusiness Continuity and Crisis ManagementCommunication and Writing SkillsConferenceCustomer ServiceData Analytics and Artificial IntelligenceData Management and Business IntelligenceDigital Innovation and TransformationGovernment and Public SectorHuman Resources and TrainingInsurance and Financial ServicesInterpersonal 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URL:https://basatraining.com/course/managing-equity-portfolios-short-course/2029-02-20/
LOCATION:Pretoria\, 484 Hilda St\, Hatfield\, Pretoria\, Gauteng\, 0083\, South Africa
CATEGORIES:Banking,Insurance and Financial Services
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