CFA Society Melbourne

Online Course: Updating Portfolio Management Skills

CFA Institute members or candidates currently enrolled to take the CFA exams can take advantage of this free online course offered by CFA Institute. Click here to launch the course (you may need to log in with your candidate or membership details first)

This portfolio management course updates fundamental portfolio management theory and practice to match the level of sophistication of today’s practitioners. 

This course is for the portfolio manager, or aspiring portfolio manager, wealth manager, or pension plan manager. It is not intended as a beginner’s guide to portfolio management.

The course includes eight sessions, each composed of an assigned reading(s) and five self-test questions. The estimated time for completion of each session is 30 minutes, and the estimated time for completing the course is between 4 and 5 hours.


Sessions 1 and 2:

The course begins with a two-part session on the basic portfolio building blocks of asset allocation and modern portfolio theory. Articles by industry thought leaders William Sharpe and Roger Ibbotson present new views on asset allocation. An article by Harry Markowitz addresses the roles derivatives and leverage play in today’s portfolio management world and provides an updated version of modern portfolio theory.


Sessions 3, 4, and 5:

Three articles on risk management discuss the widely accepted role of behavioral finance in asset prices, provide a framework for incorporating the management of illiquid assets into portfolios, and introduce a way of measuring risk based on financial turbulence rather than volatility.


Session 6:

A two-part session that explores the practical issues faced by quantitative and traditional portfolio managers as a result of lasting challenges created by the global financial crisis.


Session 7:

An article on the misuses of models highlights the risk of using academic models in the portfolio management process.


Session 8:

The course concludes with a two-part, ethics-based session. In Part I, an article by Charles Ellis examines the problem of persistent underperformance in institutional investment funds and offers guidance on addressing the underlying causes. Part II reviews the CFA Institute Asset Manager Code of Professional Conduct, a voluntary set of standards that provides a framework for managing client assets in accordance with the highest professional and ethical standards in asset management globally.

Launch the course by clicking here