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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
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 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
Flows into passive and active
Performance and historical record
Market developments, ETFs, etc
Drivers of performance
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

About the Instructor

Dr. Ronald Chung
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.

Rating - General
Material presented will be basic and of interest to a general audience having no background in the area.

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