|
DAY ONE |
Thursday,
July 19th
|
|
FIXED INCOME
PORTFOLIO MANAGEMENT I |
|
OVERVIEW OF THE
BOND MARKET
A brief history of
Bonds
Bonds vs. Equities
Characteristics of
Government Bonds |
|
BOND MATHS 1
Calculating: Current Yield, Gross Redemption Yield, Yield to Maturity, Simple Yield, Yield to Call, Yield to Worse
Inverse Relationship
between price and yield: when it does and does not hold |
|
ISSUERS AND
INSTRUMENTS
Government bonds: FRNs,
Conventional Bonds and Index-Linked Bonds
Corporate Bonds
Municipal Bonds
Mortgage backed bonds
Convertibles
Zeroes
Index-Lined Bonds
Swaps |
|
THE RISKS OF
INVESTING IN BONDS
Credit Risk
Even Risk
Reinvestment Risk
Inflation Risk
Call Risk
Liquidity Risk
Interest Rate Risk
Currency Risk |
|
BOND MATHS 2
Duration and its
importance in managing fixed income portfolios |
GUEST SPEAKER
William Ledward
Vice President Portfolio Manager Fixed
Income Group
FRANKLIN TEMPLETON
Managing a Portfolio of Corporate and
Sovereign High Yield Bonds |
| FT Knowledge is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 12 PD credit hours as granted by CFA Institute. |
