Description

This training will introduce you to how asset management works, particularly its regulatory and financial aspects. You will understand the organization of UCITS and portfolio management companies. You will also understand the concepts of performance and associated risks.

Who is this training for ?

For whom ?

Junior portfolio managers. Junior financial analysts. Wealth management advisors. Back office operators. Ethics officers and internal controllers. UCITS lawyers.

Prerequisites

Training objectives

Understand how asset management works

Reconstitute the environment of a Portfolio Management Company

Study the regulatory and tax aspects of UCITS

Know the main UCITS

Understand the main management styles and typologies

Training program

• Environment and organization of a portfolio management company
  • The place and role of Asset Management in France.
  • The environmental structure of an SGP: SGP, customers, supervisory authority, promoters.
  • Distributors, depositaries, promoters.
  • The logistical structure of a UCITS: SGP, supervisory authority, depositaries, internal control, distributors.
  • Valuators, auditors .
  • Practical work Reconstructing the environment of a SGP.
• General characteristics and presentation of the main UCITS
  • Monetary, bond, equity and diversified mutual funds.
  • Guaranteed formula mutual funds.
  • Commodity mutual funds.
  • The UCITS Hegde Funds.
  • The UCITS private equity: FCPR / FCPI / FIP.
  • The UCITS ARIA / ARIA EL.
  • The UCITS real estate type: OPCI.
  • Humanist UCITS: ISR / solidarity / sharing / ethical.
  • Thematic UCITS: SOFICA / SOFIPECHE.
  • Practical work Determine the appropriate UCITS based on a management objective.
• Regulatory and tax aspects
  • Role of the AMF: product approval, prospectus, information note, PSI.
  • Transferable securities and financial instruments.
  • Rules for composition of the AMF assets.
  • Concept of distribution / capitalization of income.
  • Taxation specific to certain UCITS.
  • Net asset value.
  • Transactions on titles (OST).
  • Practical work Study a simplified prospectus.
• The main management styles
  • Direct (mandate) and collective (UCITS) management.
  • Active and index management.
  • Classic and alternative management.
  • Fundamental and quantitative management.
  • Value / growth management.
• The main types of management
  • "Stocks" management: top down / bottom up, ratios, financial analysis.
  • "Bonds" management: notion of rate curve, credit risk, rating, liquidity risk, sensitivity, duration.
  • Diversified management: return / duration association, concept of fund of funds.
  • Practical work Calculation performance of an equity fund and a bond fund.
• Presentation of the organization of the accounting function of a bank
  • The role, challenges and objectives of the financial and accounting function of a banking group.
  • The four key functions of the accounting organization.
  • Exercise: QCM to validate what you have learned.
• Regulatory obligations and the account plan
  • Internal control, audit trail, documentation, data conservation and processing.
  • Characteristics and presentation of the PCEC.
  • Practical work rnQuiz on regulations and accounting obligations.
  • Exercise: on the content of the Account Plan.