Module 10: Asset & Fund Management

Past Programmes

06
Apr 2019

8:30 am - 5:30 pm

Securities Commission Malaysia

Speakers : NAZROL KAMIL MUSTAFFA KAMIL

Claimable
10 CPE

MYR 900 *Fee is not inclusive of 6% SST

Module 10: Asset & Fund Management

 

Programme Objective

This course equips participants with comprehensive understanding and knowledge based on the Module 10 Study Outline. Participants will advance their knowledge and comprehension further via an interactive teaching and learning experience while increasing their confidence in sitting for the examination.  This course will be facilitated by an experienced and qualified trainer.

Programme Overview

This 2 ½ -day course is designed to match the licensing study outline for Module 10 on assets and funds management. It covers the fundamental aspects of investment such as fund management, financial planning, portfolio management, asset classes and allocation, portfolio theory, risk and return, investment strategies and performance measurement.

Who Should Attend

  • Candidates preparing for the Module 10 licensing examination
  • New entrants to the capital market industry and staff of investment banks

Learning Outcomes

Candidates are expected to have good knowledge, understanding and ability to apply in the following areas:

  1. Range of investment concepts which are critical to any fund manager
  2. Financial planning approach necessary to meet client objectives
  3. Portfolio management process used by institutional investors
  4. Major asset classes and their characteristics
  5. Asset allocation decisions
  6. Basic portfolio theory principles
  7. Strategies available to manage equities portfolios, debt portfolios, derivatives, alternative investments, portfolios of international assets and Islamic investments
  8. Concept of risk management and the trade-off between risk and return
  9. Principles of performance measurement and the evaluation of fund managers
  10. Psychology of investing to improve investment decision making

Candidates’ Prerequisites

It is estimated that this module will require a minimum of 120 hours of study time. Candidates are expected to have relatively strong capability in the application and analysis of information provided in this outline and its reference. The amount of study hours needed depends on the education background and work experience of the candidates. Candidates are also expected to update themselves with the latest changes relevant to this module as all questions will be continuously updated to reflect these changes.

Methodology

This course will be delivered using effective learning methods which include presentations, discussions and review examination questions.

PROGRAMME – DAY ONE 

8.30 am Registration
9.00 am The Fund Management Industry in Malaysia

  • Overview of the Global Fund Management Industry
  • Overview of the Investment Process
  • The Malaysian Fund Management Industry

The Investment Setting

  • What is an Investment?
  • The Rational Investor
  • Measures of Return
  • Measures of Risk
  • Relationship between Risk and Return
  • Factors Influencing the Required Rate of Return
10.45 am Refreshment
11.00 am Life-cycle Investing and Investment Structure

  • Life-cycle Investing
  • Financing Planning Process
  • Investment Policy Statement (IPS)
  • Asset Class and Fund Selection
  • Types of Investment Styles

Asset Allocation

  • Asset Allocation
  • Major Asset Classes and their Historical Return Profile
  • Asset Allocation in the Investment Management Process
  • Dynamic Asset Allocation Strategies
  • Security Selection Process and Investment Management Strategies
  • Portfolio Rebalancing
1.00 pm Lunch
2.00 pm Modern Portfolio Theory (MPT)

  • Risk Aversion and Utility
  • Portfolio Risks and Returns
  • Capital Asset Pricing Model (CAPM)
  • Arbitrage Pricing Theory (APT) and Multi-factor Models
  • Efficient Market Hypothesis (EMH)
3.45 pm Refreshment
4.00 pm Managing an Equity Portfolio

  • Role of Equity Investment in a Portfolio
  • Risk and Return
  • Portfolio Construction
  • Performance Benchmark and Evaluation
  • Relationship to Other Asset Classes

 

5.30 pm End of Day One

PROGRAMME – DAY TWO

8.30 am Registration
9.00 am  Managing a Fixed Income Portfolio

  • Role of Fixed Income in a Portfolio
  • Traditional Investors and Investments in Fixed Income
  • Historical Return of the Asset Class
  • Fixed Income Fundamentals
  • Fixed Income Portfolio Management Issues
  • Performance Benchmark and Evaluation
  • Relationship to Other Asset Classes
  • Asset Backed Securities (ABS)
10.45 am  Refreshments
11.00am Derivatives in  Portfolio Management

  • What are Derivatives?
  • Exchange-traded Derivatives
  • Over-the-Counter (OTC) Derivatives
  • Use of Derivatives in Portfolio Management
  • Risk of Using Derivatives

Managing Alternative Investments

  • Real Estate Investments
  • Collective Investment Schemes/Unit Trusts
  • Private Equity Investments
  • Non-traditional Asset: Infrastructure and Development Capital
  • Special Purpose Acquisition Company (SPAC)
  • Hedge Funds
  • Gold
  • Base Metals
  • Commodities
  •  Art
  • Business Trust
1.00 pm  Lunch

2.00 pm
 Managing International Investments

  • Definition and Characteristics
  • Why Invest Overseas?
  • Risks Associated with International Investments
  • Factors Influencing Returns
  • Investment Strategies
  • Currency Management
  • Performance Benchmark and Evaluation
  • Relationship to other Asset Classes
3.45 pm  Refreshments
4.00 pm Understanding Islamic Investments

  • Islamic Investments: Concepts and Contracts
  • Islamic Capital Markets: Products and Services
  • Malaysian Islamic Capital Markets
  • International Islamic Capital Markets
  • Guidelines Pertaining to Islamic Capital Markets
  • Investment Asset Classes
  • Specific Risks Pertaining to Islamic Investments
5.30 pm End of Day Two

PROGRAMME – DAY THREE

9.00 am Portfolio Risk Management

  • What is Portfolio Risk Management?
  • Value at Risk (VaR)
  • Risk Budgeting in Capital Allocation
  • Specific Risk in Portfolios
10.00 am Refreshments
10.15 am Performance Measurement and Presentation of Returns

  • Portfolio Performance Measurement Tools
  • Performance Presentation Standards

Investment Psychology

  • The Psychology of Investing
  • Psychological Traits and Errors
  • Irrational Exuberance and Market Excesses
  • Investment Professional Approach to Behavioural Finance
11.30 am Revision and Feedback Session on Set of Questions
1.00 pm End of Programme

NAZROL KAMIL MUSTAFFA KAMIL

Nazrol is presently Assistant Professor at the Department of Finance, Kulliyyah (Faculty) of Economics and Management Sciences, International Islamic University Malaysia (IIUM). He obtained his PhD in Islamic Finance from INCEIF in 2014. He also holds an undergraduate degree in Accounting and Finance, and a postgraduate diploma in Finance from the University of Melbourne, Australia, as well as an MBA from IIUM. He has been teaching a variety courses ranging from Islamic finance, Islamic banking, Islamic financial markets and institutions, Islamic capital markets to financial management, financial derivatives and portfolio management, at both undergraduate and postgraduate levels, since 2005. Having a particular research interest in Islamic equities, he has a number of publications in this area and has presented papers in numerous local and overseas conferences. Prior to joining academia, he worked in the oil and gas sector and was an analyst at Accenture Malaysia.

Recommended for you

Training
Capital Market Director Program
03
Mar 2020
Training
Capital Market Director Program
Training
Innovation
05
Feb 2020
Claimable
10 CPE
Blockchain Applications in Capital Markets
5 February 2020

5 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

Training
Innovation
Claimable
10 CPE
05
Feb 2020
Blockchain Applications in Capital Markets

5 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

MYR 950

FacebookWhatsAppLinkedInEmail
Training
Behavioural
12
Feb 2020
Claimable
10 CPE
Developing a Positive Mindset: The Key to Work Life Balance
12 February 2020

12 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

Training
Behavioural
Claimable
10 CPE
12
Feb 2020
Developing a Positive Mindset: The Key to Work Life Balance

12 February 2020

8:30 am - 5:00 pm

Securities Commission Malaysia

MYR 950

FacebookWhatsAppLinkedInEmail
SIDC – Delivering Professional Excellence