Portfolio Construction & Investment Management

  1. F1

    Portfolio Management Foundations

    What managing a whole rather than a list actually means, and the active choice.

    • Framework

      How Behavioural Biases Reach Real Portfolio Decisions

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  2. F2

    Mandate and Investment Policy

    The document that governs everything. Objective, guidelines and all five constraints.

    • Framework

      Writing an Investment Policy Statement, Step by Step

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    • Framework

      How to Write a Rebalancing Policy That Can Be Checked

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    • Framework

      Building an Investment Committee Memo That Decides

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  3. F3

    Risk, Return and Diversification

    The theory. Mean-variance, the frontier, the utility function and the ratios.

    • Framework

      How to Set a Portfolio Risk Budget, and What Limits It

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  4. F4

    Asset Allocation and Construction

    The largest decision. Strategic, tactical and dynamic, and how a portfolio is built.

    • Framework

      How to Build a Strategic Asset Allocation, Step by Step

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  5. F6

    Risk Monitoring and Performance Evaluation

    Whether it worked, and whether the manager did anything. Attribution, drawdown, alpha.

  6. F7

    Portfolio Vehicles and India Governance

    How a portfolio is actually delivered. PMS, SMA, SIF, ETFs and index funds.

    • Framework

      How to Select a Portfolio Benchmark and the Fee Hurdle

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    • Framework

      How to Construct a Diversified Portfolio in an Account

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    • Framework

      How to Size a Portfolio Position Against the Right Base

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    • Framework

      How to Create a Portfolio Factsheet a Holder Can Use

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    • Framework

      How Investment Committees Govern Portfolio Decisions

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