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



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).

    The next intake for the IISI - Introduction to Securities and Investment (International) "Online" course offering:

    • May 21, 2024 - June 20, 2024 (Tuesdays & Thursdays) 5:00pm - 8:00pm
    • October 15, 2024 - November 14, 2024 (Tuesdays & Thursdays) 5:00pm - 8:00pm

    Registration deadline date for each period ends four (4) days before the start of the class sessions.

    • The cost of the IISI course tuition is TTD$3000.00 or or USD$460.00 (payable to SBCS GLI)
    • SBCS GLI Registration fee - TTD$150.00 or USD$23.00 (payable to SBCS GLI)
    • CISI Registration Fee - £40 (to be paid to CISI)
    • CISI Exam Fee - £120.50 (to be paid to CISI)

    Click here for payment options

    Proof of payment must be submitted via the Online Payment Notification Form - click here


    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.