Course Brief

Topics to be covered include:

  • Introduction
  • Open-Ended / Mutual Funds
  • Close-Ended Investment Companies
  • Real Estate Investment Trusts
  • Exchange-Traded Funds
  • Hedge Funds
  • Private Equity

 


Introduction

On completion, the candidate should:

  • understand the potential advantages and disadvantages of collective investment
  • know the difference between active and passive management

 

Open-Ended/Mutual Funds

On completion, the candidate should:

  • know the characteristics and different types of open-ended fund/mutual fund:
    • US
    • Europe
  • know the purpose and principal features of the Undertakings for Collective Investment in Transferable Securities (UCITS) directive in European markets

 

Closed-Ended Investment Companies

On completion, the candidate should:

  • know the characteristics of closed-ended investment companies:
    • share classes
  • understand the factors that affect the price of closed-ended investment companies
  • know the meaning of the discounts and premiums in relation to closed-ended investment companies
  • know how closed-ended investment companies’ shares are traded

 

Real Estate Investment Trusts

On completion, the candidate should:

  • know the basics characteristics of real estate investment trusts:
    • tax implications
    • property diversification
    • liquidity
    • risk

 

Exchange-Traded Funds

On completion, the candidate should:

  • know the main characteristics of exchange-traded funds:
    • trading
    • replication methods
    • synthetic/non-synthetic

 

Hedge Funds

On completion, the candidate should:

  • know the basic characteristics of hedge funds:
    • risks
    • cost and liquidity
    • investment strategies

 

Private Equity

On completion, the candidate should:

  • know the basic characteristics of private equity:
    • raising finance
    • realising capital gain
  • Introduction to Securities & Investment (International)

    CISI’s International Introduction to Securities and Investment (IISI) provides a comprehensive introduction to the financial services industry with a specific focus on investments from a global perspective. As well as being a standalone qualification, this programme is the introductory unit of CISI’s Investment Operations Certificate (IOC).


    Who should attend?

    This qualification is intended for new entrants who are beginning their career in the financial services industry. It is also suited to new or experienced investors with an interest in acquiring a more detailed understanding of investment products and financial markets. The programme covers key financial principles and products including assets and markets, equities, bonds, derivatives, investment funds, retirement planning, loans, mortgages, life assurance and protection insurance.

    What's more, through the partnership between CISI and ACCA, ACCA members and affiliates can join CISI without having to pay an initial membership joining fee (worth up to £50).


    Certification

    The Chartered Institute for Securities & Investment (CISI) is the leading professional body for those who work in, or aspire to work in, the investment sector, and they are passionately committed to enhancing knowledge, skills and integrity – the three pillars of professionalism at the heart of their Chartered body. Formed in 1992 by London Stock Exchange practitioners, CISI has a global community of more than 40,000 members in 121 countries.


    Click here to see the content and structure of the CISI IISI programme.