- Using Bonds In Private Client Portfolios
10 December, 2019
9:30 am - 12:30 pm
- City of London
After over 3 decades of shrinking bond yields, could the bull run for bonds be finally coming to an end? Find out why bonds have played an important role in private client portfolios and how portfolios should be positioned to counteract a rise in yields in the future.
By attending this course you will develop a better understanding of the fixed income markets, how to measure and manage risk and use this information to implement portfolio management strategies.
- The main bond characteristics and the difference between clean and dirty prices and their relationship to yield
- The different types of yield curve and why they are used
- Interest rate risk management measures including duration, BPV and convexity
- Various fixed income investment and portfolio management strategies
The Course Agenda
Introduction to Fixed Income
- Overview of bonds and their characteristics
- Advantages and disadvantages of bonds
- Diversification and why to include fixed income in private client portfolios
- Yield to maturity
- Normal, flat and inverted curves
- Price-yield relationship
Measuring Interest Rate Risk
- Modified duration
- Basis point value
Fixed Income Investment Strategies
- Preserving principal and maximising income
- Saving for future goals
- Asset allocation
- Total return
Bond Portfolio Management
- Passive portfolio management
- Active portfolio management
- Interest rate anticipation
- Yield curve positioning
- Barbells and bullets
- Riding the yield curve
- Bond swaps
- Spread trades
- Structured bets
- Matched funding
- Portfolio dedication
Meet The Tutor
Jo has over 25 years’ experience in the financial services industry. Her initial career in derivatives trading at JP Morgan resulted in a move to South Africa where she quickly rose to Director of Fixed Income at Barclays Capital.For the last 12 years, Jo has been working as a consultant to provide technical training for financial institutions on topics such as fixed income, derivatives, swaps and repos. In addition, she also delivers CISI courses to college students to develop their knowledge of the financial services industry including the post graduate Level 7 Chartered Wealth Manager program.
Jo supported many firms through the RDR transition; writing and delivering CISI accredited gap-fill courses to many who complete specialist regulated activities. Jo is a very thorough and conscientious trainer whose background means she can adapt sessions to ensure delegates can use their knowledge to apply the theory to real life situations.
Who is this course for?
It’s perfect for anyone who works in:
- Investment Management
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Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.