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About the course
During the last decade there has been an explosive growth in the number and variety of ETFs available in the capital markets. At present there are more than 5,000 different funds being offered and the combined total of funds under management is more than four trillion dollars.
The selection of ETFs which are available to investors is now very diverse and provides investors with a real alternative to some of the more traditional funds. One of the key features of an ETF is that, since they are listed securities and trade in the same manner as shares, the pricing takes place in real-time and the funds can be bought or sold during all times when markets are open. This is unlike the position with many types of collective investment vehicles, such as unit trusts and other investment funds, where the pricing of the fund based on the Net Asset Value (NAV) of the constituents is computed at the end of each day and where the ability to transact is also limited to certain prescribed times.
For investors and traders who want to be able to react quickly to market movements and have immediate pricing and settlement for their positions the variety of ETF products is preferable to more traditional structured investment products.
Another reason behind the increasing popularity of ETFs is that many of them are constructed in a manner which enables an investor to buy or take a long position with an exchange traded fund with a view to benefiting from a downward movement in a particular sector or index. This feature makes it easier for many investors to take a short position rather than having to borrow stock from a brokerage. In addition, it is also possible to purchase exchange traded funds where leverage is “built in” to the position taken.
ETFs are also available to track the performance of various fixed income instruments such as US Treasury bonds, indices which track high yield bonds and other corporate bonds. Again these can be used to take a long position on higher yields, in effect to be short the bond on a price basis.
What are the benefits of an Online Academy Course?
- Learn and utilise - implement immediately all that you learn during the course
- Become part of a professional learning community - discuss any problems with students and/or the trainer
- Time effective - bitesize chunks so it does not impact on your normal working day
- Cost effective - no travel expenses
- Grow as a team - with multiple licenses your team can access the course and learn together, no matter where they are in the world
What is an Online Academy course?
The IFF Online Academy is a new online, interactive and engaging education tool designed to maximise learning for professionals with busy schedules and/or small training budgets.
The online academy brings alike professionals together and gives you the opportunity to share ideas and questions via the discussion forum creating your own professional community. Our on-demand feature means the content is available as and when you need it allowing greater flexibility to your professional development and learning.
Over five weeks students will learn via:
- Five modules, split up into bite-size recorded videos
- Quizzes to test your knowledge
- Revisiting the content - you have unlimited access to all the materials for two months
- Access the discussion forum to interact with other students
- Direct contact with the trainer through the forum during the five weeks the course is running
What Will You Learn
Course participants will be able to:
- Contrast the limitations of traditional collective investment vehicles (CIVs) with features of ETFs
- Identify the chief risks associated with holding ETFs
- Identify and analyse the special tracking error issues behind inverse and leveraged ETFs
- Explain the demise of ETFs that implemented short volatility strategies
- Describe how to implement a forex hedge with an ETF that tracks a G10 currency
- Explain how bond-based ETFs have different behaviour to actual bonds
- Describe the performance of various widely used smart beta ETFs
- Identify risks for ETFs based on market capacity and liquidity issues
- Explain the liquidity risks with ETFs that focus on emerging and frontier markets
Trust the experts
Clive Corcoran has been engaged in the finance and asset management sectors, on both sides of the Atlantic, for more than 25 years. After completing his education in the UK, Canada and the US, he co-founded and became the CEO of an asset management company based in the USA during the 1980s and 90...