Portfolio Management in Practice, Volume 1 - Investment Management Workbook

The companion workbook to the Investment Management volume in the CFA Institute's Portfolio Management in Practice series provides students and professionals with essential practice regarding key concepts in the portfolio management process. Filled with stimulating exercises, this text is designed to help learners explore the multifaceted topic of investment management in a meaningful and productive way.
 
The Investment Management Workbook is structured to further readers' hands-on experience with a variety of learning outcomes, summary overview sections, challenging practice questions, and solutions. Featuring the latest tools and information to help users become confident and knowledgeable investors, this workbook includes sections on professionalism in the industry, fintech, hedge fund strategies, and more.
 
With the workbook, readers will learn to:
* Form capital market expectations
* Understand the principles of the asset allocation process
* Determine comprehensive investment strategies within each asset class
* Integrate considerations specific to high net worth individuals or institutions into the selection of strategies
* Execute and evaluate chosen strategies and investment managers
 
Well suited for individuals who learn on their own, this companion resource delivers an example-driven method for practicing the tools and techniques covered in the primary Investment Management volume, incorporating world-class exercises based on actual scenarios faced by finance professionals every day.

List of contents

Part I Learning Objectives, Summary Overview, and Problems 1
 
Chapter 1 Professionalism in the Investment Management 3
 
Learning Outcomes 3
 
Summary 3
 
Practice Problems 4
 
Chapter 2 Fintech in Investment Management 5
 
Learning Outcomes 5
 
Summary 5
 
Practice Problems 6
 
Chapter 3 Capital Market Expectations, Part 1: Framework and Macro Considerations 9
 
Learning Outcomes 9
 
Summary 10
 
Practice Problem 13
 
Chapter 4 Capital Market Expectations, Part 2: Forecasting Asset Class Returns 21
 
Learning Outcomes 21
 
Summary 22
 
Practice Problems 25
 
Chapter 5 Overview of Asset Allocation 35
 
Learning Outcomes 35
 
Summary 35
 
Practice Problems 37
 
Chapter 6 Principles of Asset Allocation 39
 
Learning Outcomes 39
 
Summary 40
 
Practice Problems 41
 
Chapter 7 Asset Allocation with Real-World Constraints 51
 
Learning Outcomes 51
 
Summary 51
 
Practice Problems 53
 
Chapter 8 Currency Management: An Introduction 63
 
Learning Outcomes 63
 
Summary 63
 
Practice Problems 66
 
Chapter 9 Overview of Fixed-Income Portfolio Management 79
 
Learning Outcomes 79
 
Summary 79
 
Practice Problems 81
 
Chapter 10 Liability-Driven and Index-Based Strategies 87
 
Learning Outcomes 87
 
Summary 87
 
Practice Problems 91
 
Chapter 11 Overview of Equity Portfolio Management 101
 
Learning Outcomes 101
 
Summary 101
 
Practice Problems 102
 
Chapter 12 Passive Equity Investing 105
 
Learning Outcomes 105
 
Summary 105
 
Practice Problems 107
 
Chapter 13 Active Equity Investing: Strategies 113
 
Learning Outcomes 113
 
Summary 113
 
Practice Problems 115
 
Chapter 14 Hedge Fund Strategies 121
 
Learning Outcomes 121
 
Summary 121
 
Practice Problems 124
 
Chapter 15 Overview of Private Wealth Management 131
 
Learning Outcomes 131
 
Summary 131
 
Practice Problems 133
 
Chapter 16 Topics in Private Wealth Management 141
 
Learning Outcomes 141
 
Summary 141
 
Practice Problems 144
 
Chapter 17 Portfolio Management for Institutional Investors 151
 
Learning Outcomes 151
 
Summary 152
 
Practice Problems 155
 
Chapter 18 Trade Strategy and Execution 163
 
Learning Outcomes 163
 
Summary 163
 
Practice Problems 165
 
Chapter 19 Portfolio Performance Evaluation 175
 
Learning Outcomes 175
 
Summary 176
 
Practice Problems 177
 
Chapter 20 Investment Manager Selection 181
 
Learning Outcomes 181
 
Summary 181
 
Practice Problems 183
 
Part II Solutions 199
 
Chapter 1 Professionalism in the Investment Management 201
 
Solutions 201
 
Chapter 2 Fintech in Investment Management 203
 
Solutions 203
 
Chapter 3 Capital Market Expectations, Part I: Framework and Macro Considerations 205
 
Solutions 205
 
Chapter 4 Capital Market Expectations, Part II: Forecasting Asset Class Returns 211
 
Solutions 211
 
Chapter 5 Overview of Asset Allocation 219
 
Solutions 219
 
Chapter 6 Principles of Asset Allocation 221
 
Solutions 221
 
Chapter 7 Asset Allocation with Real-World Constraints 229
 
Solutions 229
 

About the author

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has more than 155,000 members in 165 countries and territories, including 150,000 CFA® charterholders, and 148 member societies. For more information, visit www.cfainstitute.org.

Summary

The companion workbook to the Investment Management volume in the CFA Institute's Portfolio Management in Practice series provides students and professionals with essential practice regarding key concepts in the portfolio management process. Filled with stimulating exercises, this text is designed to help learners explore the multifaceted topic of investment management in a meaningful and productive way.

The Investment Management Workbook is structured to further readers' hands-on experience with a variety of learning outcomes, summary overview sections, challenging practice questions, and solutions. Featuring the latest tools and information to help users become confident and knowledgeable investors, this workbook includes sections on professionalism in the industry, fintech, hedge fund strategies, and more.

With the workbook, readers will learn to:
* Form capital market expectations
* Understand the principles of the asset allocation process
* Determine comprehensive investment strategies within each asset class
* Integrate considerations specific to high net worth individuals or institutions into the selection of strategies
* Execute and evaluate chosen strategies and investment managers

Well suited for individuals who learn on their own, this companion resource delivers an example-driven method for practicing the tools and techniques covered in the primary Investment Management volume, incorporating world-class exercises based on actual scenarios faced by finance professionals every day.

Product details

• Authors: CFA Institute
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 31.08.2020
• EAN: 9781119743750
• ISBN: 978-1-119-74375-0
• No. of pages: 352
• Series: CFA Institute Investment Series; The CFA Institute Series; Cfa Institute Investment
• Subjects: Non-fiction book > Politics, society, business > Money, bank, stock market; Social sciences, law, business > Business > Business administration