Global Tactical Asset Allocation

Develop a financial portfolio

  2 days
Course objectives

  • Master the different approaches and designs

  • Understand the dimension of the active tactical asset allocation

  • Analyse the various methods of tactical asset allocation

Course content

Definition

  • Various approaches and concepts

The principles

  • Performance hierarchy
  • Volatility
  • Diversification

Forecasts

  • Non financial assets : real estate, commodities, art
  • Macro economical : cycles, growth, yieldcurve
  • Micro economical : dividend discount model, sector rotation
  • Others : volatility, portfolio insurance

Case Study: Excel workshop

The main methods

  • Theory
  • Core-satellite
  • Markowitz
  • Black-Litterman

The implementation

  • Specific and global constraints
  • Committee decision process
  • Tactical revisions
  • Selection of underlying products
  • Result measurement

Case Study: Excel workshop




Pierre Hervé

Pierre Hervé

Peter is the President of Advanced Fund Analysis since 2002 and Executive Vice President in charge of Asset Management of Wealth-Heritage since 2010. Previously he was CEO of AXA Multimanager, structure he created in 1999. He teaches in the Masters Asset Management at the University Paris-Dauphine and the University of Poitiers. He has also published two books with Economica on "asset allocation" and "multi-management".

Pierre Hervé also teaches :