NCFM INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT

Chapter 1  Introduction

  • Objectives of Investment Decisions
  • Introduction;
  • Types of Investors;
  • Constraints;
  • Goals of Investors.

Chapter 2 Financial Markets

  • Introduction,
  • Primary and Secondary Markets;
  • Trading in Secondary Markets;
  • Money Market;
  • Repos
  • Reverse Repos;
  • Bond Market;
  • Common Stocks.

Chapter 3 Fixed Income Securities

  • Introduction
  • Time Value of Money;
  • Simple and Compound Interest Rates;
  • Real and Nominal Interest Rates; Bond
  • Pricing Fundamentals;
  • Bond Yields;
  • Interest Rates;
  • Macaulay Duration
  • Modified Duration

CHAPTER 4: Capital market Efficiency

  • Introduction;
  • Market Efficiency;
  • Departures from the EMH

Chapter 5 Financial Analysis and Valuation

  • Introduction;
  • Analysis of Financial Statements;
  • Financial Ratios
  • Valuation of Common Stocks;
  • Technical Analysis.

Chapter 5 Modern Portfolio theory

  • Introduction;
  • Diversification and Portfolio Risks;
  • Equilibrium
  • The Arbitrage Pricing Theory.
  • Models: The CAPM; Multifactor Models

Chapter 6 Valuation of Derivatives

  • Introduction;
  • Forwards and Futures;
  • Call and Put Options;
  • Forward and Future Pricing ,
  • Option Pricing
  • BlackScholes formula

Chapter 7 Investment Management

  • Introduction;
  • Investment Companies;
  • Active vs. Passive Portfolio Management;
  • Cost of Management
  • Entry/Exit Loads and Fees;
  • Net Asset Value;
  • Classification of Funds;
  • Other Investment Companies;
  • Performance Assessment of Managed Funds