Investment Management Module
Asset Management Industry Participants
What is Investment Management
Who are the Investors
Structure of Financial Markets
Primary versus Secondary Markets
Exchange versus OTC
Quote Driven versus Order Driven
Economic Environment
Understanding Economic Indicators
The Central Bank and Monteray Policy
Asset Classes; Equity and Index, Fixed Income and Cash, Mutual Funds, ETFs,Currency, Hedge Funds, Private Equity, Real Estate, Commodities, Derivatives and Credit Derivatives
The job of Portfolio Managers
Client's objectives and constraints
Risk/Return trade-off
Specific versus Systematic Risk
Diversification and Correlation
International Diversification
Alpha and Beta generation
Absolute versus Relative Return
Tactical and Strategic Allocation
Active versus Passive Portfolio Management
Full replication and stratified sampling
Top-down and bottom-up approaches
Fundamental and Technical Analysis
Risk Maagement and Performance Evaluation