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| [CANCELLED] Asset Allocation and Portfolio Management Workshop [2] | Event Code: 191217W-CEX |
| Date | 17-Dec-2019 |
| Time | 09:30 a.m. - 5:30 p.m. |
| Venue | 14/F, BOC Group Life Assurance Tower, 136 Des Voeux Road Central, Hong Kong |
| Speaker(s) | Dr. Ronald Chung Instructor - APAC AMT Training |
| Fee | |
| This seminar is qualified for | 6.5 CPT hour(s), 6.5 CE hour(s), 6.5 RBV CPD hour(s) |
| Remarks |
* CFA Societies Global Passport Program Eligible - Classrooms are not equipped with computers, participants WILL HAVE to bring their own laptops. - Snacks and soft drinks will be provided. - Only Visa and Master Card are accepted for online payment. - The fee includes course materials. - For attendance-taking purpose, participants’ names and company names (if any) will be given to the speaker at this workshop. - An additional administrative charge of HK$50 will be charged for participant who registers on the event day, please send email to event@hksfa.org for registration, then a payment link will be sent to you. - HK$50 walk-in surcharge is imposed on all fees listed. - To cope with the growing trend of going cashless, cash payment is not accepted. Please ensure the online payment is successfully completed, otherwise the registration may not be processed. |
| Event Details |
We are delighted to have the presence of Dr. Ronald Chung, Instructor of AMT Training, a leading expert in financial markets and has close to 20 years of experience conducting training for Wealth Management, Investment Banking and Corporate Banking, to conduct this workshop for HKSFA. Asset Allocation and Portfolio Management Workshop [2] will cover the following topics: 1. Active vs Passive Management 2. Strategic vs Tactical Asset Allocation 3. Manager Selection (You may also be interested in knowing more details or signing up for Workshop [1] as well, if so, please click here. Topics to be covered in Workshop [1] include: Development in Asset Allocation, Challenges in Traditional Optimization and Risk and Performance Measurement.)
Asset Allocation and Portfolio Management
This program looks at the bigger picture of the asset allocation decision, addressing a variety of approaches that asset managers utilise, and how, as an investor, risk and performance can be analyzed objectively to help guide responsible decision making. Practical, realistic, Excel based exercises will be used to bring the content to life.
1. Active vs Passive Management
The active-versus-passive debate has become one of the most keenly debated investment topics over the past 10 years. Flows to passive investments have increased dramatically, while active management has been placed on the back foot and been asked to make the case for its role in the investment world. We will take an in-depth look at the arguments both for and against the two different approaches to managing an investment portfolio to inform participants of the key areas of this ongoing debate.
Key topics: • Obtaining market exposure through indexing or active managers
• Trends
— Flows into passive and active
— Performance and historical record
— Market developments, ETFs, etc
• Drivers of performance
— Correlations
— Volatility
— Assets classes
2. Strategic vs Tactical Asset Allocation
During this session we will look at the role of both strategic and tactical allocation strategies for setting the framework for an investment policy and understanding best practice for the two approaches.
Key topics: • Strategic approach to asset allocation
• Setting strategic objectives
• Rebalancing methodologies
• Tactical approach to asset allocation
• Setting tactical degrees of freedom
• Success and failure of market timing
3. Manager Selection
This task of selecting external portfolio managers is relevant across all types of asset classes and portfolio approaches. This session will take participants through a typical process and identify the key features that need to be applied both before manager selection and during the time a mandate is awarded to a chosen manager.
Key topics: • Due diligence
• Defining a benchmark and an investment mandate
• Selection process and a guide to relevant criteria
• Reliability of previous performance
• Compensation structures and incentives
• Performance evaluation – luck or skill?
• Monitoring and supervision of manager
.jpg) Instructor - APAC AMT Training Dr. Ronald Chung is a leading expert in financial markets and has close to 20 years of experience conducting training for Wealth Management, Investment Banking and Corporate Banking clients.
He has delivered training courses in areas such as; Financial Products, Valuation and Modelling Techniques, Derivative Solutions and many more. Ron has worked with major multinational and Chinese financial institutions including Barclays, DBS, HSBC, Morgan Stanley, Standard Chartered Bank, UBS, China Construction Bank and China Merchant Bank.
Prior to returning to the Asia Pacific region, Dr. Chung was a Senior Consultant for the Treasury Management Association (now Association for Financial Professionals), USA. He worked with corporations and financial institutions on treasury services and product offerings. He also designed training programs for finance professionals in collaboration with university partners, including; Dartmouth College, Georgetown University, Johns Hopkins University, Stanford University and the University of Michigan. Ron has consulted for Fortune 500 clients such as AMD, AT&T, Corning, Nokia, P&G, Pfizer, etc. In working with these institutions, he worked with various private banking groups, graduate and intern programs, and front office groups.
Ron is fluent in English, Putonghua and Cantonese.
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