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