Investing in a Volatile Market
About This Course
This 4-hour course aims to equip private bankers with the simple risk management tools and strategies to better manage clients’ investment portfolio in the events of market dislocation and volatility.
Who Should Attend
- Relationship managers and investment advisors in private banks
- Covered persons under Private Banking Code of Conduct
Pre-Requisite(s)
Min. 3 years of relevant working experience in private banking or investment advisory.
Part 1
- What is market turbulence?
- Different types of market turbulence
- Lehman crisis
- Covid crisis
- Speculative bubbles
- Quantitative tightening
- Impacts on different asset classes and types of securities/products
- Benefits of hedging tail risks
- The concept of dynamic correlation studies
- The concept of risk-adjusted return (Sharpe and Treynor Ratios)
- Concept of diversification (risk-based portfolio allocation)
Part 2
- Indexing as a form of benchmarking portfolios to manage risk
- What is Exchange Traded Funds (ETFs)?
- Main types of Equities ETFs and Fixed Income ETFs
- The concept of risk-reward vs. liquidity premium
- Categorising risk through ETFs:
- Equities: volatility risk or company risk
- Big caps vs. small caps (technology and brick & mortar stocks)
- Growth stocks vs. defensive stocks
- Consumer discretionary vs. consumer staples
- Fixed income: duration risk & default risk
- US High Yield vs. US High Grade
- Asian bonds vs. Asian Equities vs. EM bonds
- Long or shorter duration bonds
- The fear gauge and flight to quality indicators
- Putting it all together for decision making using the KISS Investment concept
- Equities: volatility risk or company risk
- Introduction to managing risks through
- Derivatives (puts and calls)
- Diversification (within or across asset classes)
- Cash Management
Part 3
- Rotational play concepts (equities, bonds and HFs) and indicators to look out for
- The concept of leveraging. Is it good or bad?
- Staying in the investment game for longer term returns (lady luck or risk management)
- Misleading concepts of trying to beat the market
- Practical application examples (Q&A)
- Basic technicals and fundamentals combined
Benjamin Yong
M. Applied Finance
With more than 25 years of actual market trading experience, Ben is currently Head of Portfolio Management and Principal Fund Manager at Acore Capital Investments Pte Ltd. Actively running an equities hedge fund for the past year, a bond fund for the past 6 years as well as discretionary client accounts for the past 7 years under an MFO across all asset classes.
Previously a seasoned investment advisor who has experience in dealing with clients from private banking across all markets (global) for 18 years. He also previously held the position of Investment Counsellor and Senior Product Manager (Investments) in private banking segment with Standard Chartered Bank. He provided Advisory and Structuring ideas for structured flow and non-flow products as well as offshore funds and bonds in the Private Banking, International Banking and Onshore Banking platform.
Ben led the set up and growth of the equity flow trading desk for Standard Chartered Bank (Singapore) as well as the development of flow structures for the treasury flow business.
He won several awards which included the Best in Asia 2008 (Lehman crisis) by Structured Products Magazine Asia Awards and Global Best Private Bank 2008 (Euro money) through his time in Standard Chartered Bank.
He went on to join Axis Bank Privee (Private Banking) in 2008 and held the position of Product Advisory (Multi-asset, multi-product). He was mainly involved in establishing and managing FX (derivatives and spot), structured products, cash equities, cash bonds and mutual funds in international markets such as Dubai, Singapore and Hong Kong. His past experience included taking up the positions of Investment Advisor/Portfolio Counsellor in UOB Private Bank and Director with Bank of Singapore as well as DBS Private Banking as an equities specialist as well as sitting in the investment committee round table for all these private banks.
The Financial Training Scheme (“FTS”)
The Salmon Thrust CPD Series is aimed at raising the competencies of Covered Persons. This course is recognised under the IBF Financial Training Scheme. Completion of this course can be counted towards the fulfilment of the non-STS portion for CACS CPD.
The Financial Training Scheme (“FTS”) is a training incentive scheme supported by the Financial Sector Development Fund (FSDF). The scheme supports financial sector-specific training programmes that raise the competency of the financial sector.
All our programmes are approved for listing on the Financial Training Scheme (FTS) Programme Directory and are eligible for FTS claims, subject to all eligibility criteria being met. For latest development on the Funding Support for IBF FTS, please visit the Financial Training Scheme site.
Early Bird Discount
Enjoy 10% early bird discount when you register one (1) month before the course commencement date.
