University of Johannesburg
Diploma in investment analysis and portfolio management
18-NOV-09

Introduction

The Diploma in Investment Analysis and Portfolio Management is aimed at professionals currently in the market wanting to expand their theoretical knowledge base, as well as individuals with other qualifications or experience wanting to enter the financial markets.

Duration

The Diploma is a two year programme running from February in year one to the end of November in year two. Lectures will be presented after hours (once per week) as per timetable, this amount to a total of 36 contact sessions of 3 hours each. Students will also be required to construct and manage a simulated investment portfolio in year two.

Course Content

The diploma course will cover seven modules plus a simulated investment portfolio. See below for more information on the content of each module.

Certification

Successful candidates will obtain a Diploma from the University of Johannesburg at the end of the second year.

Evaluation

One test plus one exam will be written per module according to a set timetable. Learners will also be evaluated on the construction and management of their simulated investment portfolio.

Admission requirements

Minimum Matric plus one of the following:

• Certificate in Financial Markets (CFM) or relevant qualification; or
• Minimum of 2-3 years financial market experience deemed relevant by the department.

Applicants will be subjected to a selection process.

Admission

Due to group dynamics, only a limited number of students can be accommodated on a first-come, first-served basis – please apply timeously.

Fees

• The fees for 2010 will be approximately R22 000¹ for two years (excluding textbooks) half of which is payable at registration.
• Applications close on the 30 November 2009.

Modules

Global Markets and Instruments

• Characteristics of financial markets
• Market structures
• Market organizations
• Financial market instruments
• Analysis of stock market series
• Efficient market theory
• Portfolio theory

Valuation and Investment Theory

• Financial Statements
• Asset pricing theories and models
• Required input variables for valuation models
• Time Value of Money
  • Mechanics
  • Discounted cash flow analysis
• Basic investment valuation models

Analysis of Fixed Income Investments

• Characteristics of dept markets
• Money and capital markets and instruments
• Term-structure analysis
• Return and yield measures
• Interest conversions
• Sources of risk

Analysis of Equity Investments

• Fundamental analysis
• Analysis of global and national economies
• Industry analysis
• Company analysis
• Technical analysis

o Definitions and assumptions
o Indicators and rules

Analysis of Alternative Investments

• Analysis of real estate investments
• Analysis of investment companies
• Analysis of currency or foreign exchange investments
• Currency futures
• Currency options

Analysis of Derivatives

• Option, Futures and Swap markets
• Analysis of fixed-income derivatives
• Forward rate agreements
• Analysis of interest rate swaps
• Analysis of warrants
• Hedging and hedging strategies

Portfolio Management

• Portfolio management policies for individual and institutional investors
• Asset allocation
• Portfolio construction and revision
• Risk measurement and management
• Performance measurement and attribution analysis

Investment Portfolio Simulation

• Participants construct and manage a simulated investment portfolio and are judged based on the quality of decisions made regarding all aspects of the portfolio

Application and administration

All candidates are required to complete a Departmental application form as well as a University application form.

It is essential that you supply certified copies of all qualifications, Identity Document and any other documents as stated on the application form, together with your application.

Application forms may be obtained from:

Mrs D Wessels
A-Ring 530A
Tel: (011) 559-3351
Fax: (011) 559-4561
deidrew@uj.ac.za

ACADEMIC COURSE COORDINATOR

Mrs A Bodill
A-Ring 524
Tel: (011) 559-2610
abodill@uj.ac.za

ADMINISTRATIVE COURSE COORDINATOR

Mrs T vd Nest
A-Ring 503
Tel: (011) 559-4105
theavdn@uj.ac.za

Fees are subject to change without prior notice.

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