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Portfolio ManagementModule 3 of 3

Portfolio Management Overview and Planning

5

Concepts

0

Formulas

1

Decisions

3

Quiz Questions

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Key Concepts

5 concepts covered in this module.

IPS (Investment Policy Statement)

Document governing the investment process. Includes: return objectives, risk tolerance, constraints (LTTLU).

IPS Constraints (LTTLU)

Liquidity needs, Time horizon, Tax considerations, Legal/regulatory, Unique circumstances.

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Decision Frameworks

1 decision frameworks to guide your analysis.

How to set return objectives?

  • Required return: minimum needed to meet obligations
  • Desired return: what the investor wants (may exceed required)
  • Both must consider inflation, taxes, fees

Mind Map

Visual overview of how concepts connect in this module.

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IPS (Investment Policy Statement)

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Answer
Document governing the investment process. Includes: return objectives, risk tolerance, constraints (LTTLU).
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Portfolio Risk and Return: Part II