Portfolio Management Techniques (PMT®)

What will you learn about?

  • Details on the new investment product development process
  • The use of ETFs in portfolio management
  • Advanced fixed income strategies
  • Fixed income trading operations
  • The use and structure of credit derivatives and asset-backed securities
  • Advanced portfolio building techniques
  • Creating ownership and compensation structures
  • Best practices to run effective front, middle and back offices
  • Regulatory landscape and fiduciary responsibilities
  • Use of alternative investments in institutional portfolio management

How will you learn?

CSI’s online learning system helps you meet your study goals. You’ll benefit from:

  • Learning objectives that keep you focused
  • Online post-chapter review questions to assess your progress
  • Course updates to ensure you’re learning the most current and up-to-date practical material in your studies
  • Assistance from CSI’s academic support specialists

What is the course syllabus?

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Chapter 1 - Portfolio Management: Overview

Topics covered in this chapter are:

  • What is a Portfolio Manager?
  • Registration Categories Under National Instrument (NI) 31-103
  • Investment Industry Regulations
  • Best Practices
  • Discretionary Management Within an IIROC Dealer Member

Chapter 2 - Ethics and Portfolio Management

Topics covered in this chapter are:

  • Ethics
  • Code of Ethics
  • Trust and Fiduciary Duty

Chapter 3 - The Institutional Investor

Topics covered in this chapter are:

  • Financial Intermediation
  • Governance

Chapter 4 - The Investment Management Firm

Topics covered in this chapter are:

  • Ownership and Compensation Structures
  • Regulations and Licensing
  • Organizational Structure
  • Investor Types
  • Service Channels
  • Investment Mandates
  • Roles and Responsibilities of Institutional Investment Managers
  • Investment Management Fees
  • Industry Challenges
  • Corporate Governance

Chapter 5 - The Front Office

Topics covered in this chapter are:

  • An Overview of the Front Office
  • The Four Areas of the Front Office
  • Information Flow Among Front-Office Staff
  • Front Office Best Practices
  • Getting Clients
  • Losing Clients

Chapter 6 - The Middle and Back Offices

Topics covered in this chapter are:

  • Overview of the Middle Office
  • The Middle Office
  • The Back Office

Chapter 7 - Managing Equity Portfolios

Topics covered in this chapter are:

  • Bottom-Up and Top-Down Approaches
  • Portfolio Management Styles
  • The Use of Derivatives in Equity Portfolio Management
  • Tax Considerations
  • The Use of Exchange-Traded Funds (ETFs) in Equity Portfolio Management

Chapter 8 - Managing Fixed-Income Portfolios: Trading Operations, Management Styles, and Box Trades

Topics covered in this chapter are:

  • Fixed-Income Trading Operations
  • Bond Management Styles
  • Box Trades

Chapter 9 - Managing Fixed Income Portfolios: Other Bond Portfolio Construction Techniques, High Yield Bonds, and ETFs

Topics covered in this chapter are:

  • Other Bond Portfolio Construction Techniques
  • High-Yield (Junk) Bonds
  • Fixed Income Exchange-Traded Funds (ETFs)

Chapter 10 - The Permitted Uses of Derivatives by Mutual Funds

Topics covered in this chapter are:

  • The Types of Mutual Funds that Use Derivatives
  • Mutual Fund Regulations
  • How Mutual Funds Use Derivatives
  • The Advantages of Derivatives
  • The Potential Risks of Derivatives

Chapter 11 - Creating New Portfolio Management Mandates

Topics covered in this chapter are:

  • New Investment Product Development Process
  • Investment Guidelines and Restrictions

Chapter 12 - Alternative Investments

Topics covered in this chapter are:

  • Definition of Alternative Investments
  • Reasons to Invest in Alternative Investments
  • Issues and Challenges with Alternative Investments
  • Performance Attribution
  • Unique Risks of Alternative Investments
  • Due Diligence
  • Current Trends and Developments in Alternative Investing

Chapter 13 - Client Portfolio Reporting and Performance Attribution

Topics covered in this chapter are:

  • Client Portfolio Reporting
  • Portfolio Management Reports
  • Performance Attribution

Course Completion, Wall Certificate and Digital Badge

Upon successfully completing this course, you will be able to download a Notice of Course Completion available through your student profile. This will remain on your profile as formal confirmation of course completion.

You can also accept a digital badge through your student profile after successful course completion. Digital badges are portable image files that allow you to share your credentials across the web. You can post them to your email signature, personal website, social media channels—even to electronic copies of your resume.

CSI will mail you a wall certificate within 4 – 6 weeks of course completion. Frames to display your certificate are available. Please ensure that your First and Last Name on your profile matches your First and Last Name on your Government Issued Photo identification – this will ensure you receive an accurate certificate.

CSI will be pleased to issue an Honours Certificate to all students who obtain a final course mark of 85% or higher.

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