Syllabus Of PM-

1. Introduction to Portfolio Management:

  • Overview of financial markets
  • Investment objectives and constraints
  • Risk and return concepts
  • The role of portfolio management in investment decision-making

2. Asset Classes:

  • Equities (stocks)
  • Fixed income (bonds)
  • Alternative investments (real estate, private equity, hedge funds)
  • Cash and equivalents

3. Investment Analysis:

  • Fundamental analysis
  • Technical analysis
  • Quantitative analysis
  • Macroeconomic and microeconomic factors affecting investments

4. Modern Portfolio Theory (MPT):

  • Efficient frontier and optimal portfolios
  • Capital market line and risk-free rate
  • Portfolio diversification and risk reduction
  • Beta and systematic risk

5. Portfolio Construction:

  • Asset allocation strategies (strategic, tactical, and dynamic)
  • Security selection methods
  • Portfolio optimization techniques
  • Risk management and hedging strategies

6. Portfolio Performance Evaluation:

  • Measures of risk-adjusted performance (Sharpe ratio, Treynor ratio, Jensen’s alpha)
  • Benchmarking and comparison
  • Attribution analysis
  • Investment style analysis

7. Behavioral Finance:

  • Psychological biases and their impact on investment decisions
  • Prospect theory and framing effects
  • Investor sentiment and market anomalies

8. Asset Allocation Models:

  • Capital Asset Pricing Model (CAPM)
  • Arbitrage Pricing Theory (APT)
  • Black-Litterman model
  • Multi-factor models

9. Risk Management:

  • Value at Risk (VaR)
  • Stress testing
  • Portfolio insurance
  • Derivative instruments for risk management

10. Ethics and Professional Standards:

– CFA Institute’s Code of Ethics and Standards of Professional Conduct

– Ethical considerations in portfolio management

11. Investment Strategies:

– Passive vs. active investment strategies

– Factor-based investing

– Socially responsible investing (SRI) and Environmental, Social, and Governance (ESG) investing

12. Portfolio Monitoring and Rebalancing:

– Monitoring portfolio performance

– Rebalancing strategies

– Tax considerations in portfolio management

13. Case Studies and Practical Applications:

– Real-world examples of portfolio management

– Investment simulations and exercises

14. Current Trends and Developments:

– Emerging trends in portfolio management

– Impact of technology and artificial intelligence on investment management