SC Licensing Examination Revision

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SCLE Revision: Asset & Funds Management  (Module 10)

Module 10: Asset & Funds Management

Duration: 2.5 days
Venue: Securities Commission Malaysia

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 

 

  • Programme Delivery

    Learning Outcomes

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

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

    Candidates' Prerequisites

    Candidates are expected to have relatively strong capability in the application and analysis of information provided in this outline and its reference.

    Methodology

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

  • Programme Outline

    DAY ONE

    0830am Registration
    0900am 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 
    1045am Refreshments
    1100am 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  
    0100pm Lunch
    0200pm 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)
    0345pm Refreshments
    0400pm 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
    0530pm End of Day One

    DAY TWO

    0830am Registration
    0900am 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)
    1045am Refreshments
    1100am 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
    0100pm Lunch
    0200pm 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 
    0345pm Refreshments
    0400pm

    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
    0530pm End of Day Two

    DAY THREE

    0900am Portfolio Risk Management
    • What is Portfolio Risk Management?
    • Value at Risk (VaR)
    • Risk Budgeting in Capital Allocation
    • Specific Risk in Portfolios
    1000am Refreshments
    1015am 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
    1130am Revision and Feedback Session on Set of Questions
    1300pm End of Day Three
  • Programme Fees

    For fee enquiries and registration, please contact +603-6204 8664 / 8263 / 8857, or email us at sidc@sidc.com.my