1. Equity Analyses, Asset Management
Investment theory development - growth and value theory of investing
Effective market theory – history, forms effectiveness, market anomalies
Fundamental analysis - global, sector and company analysis, financial analysis, calculation of intrinsic value, SWOT analysis
Technical analysis – main principles, history, charts and indicators, important financial market indicators
Psychological analysis – theories of psychological analysis, behavioral finance
Asset management, main principles of asset management, portfolio performance evaluation, role of portfolio manager
Global Investment Performance Standards
2. Derivative Markets
Derivative markets and instruments – classification, use of derivatives, derivative markets
Futures, forwards, swaps, options
Trading with futures – mechanics of trading, clearinghouse, liquidation of futures positions
Option strategies, synthetic options – types and use of option strategies
Structured instruments, securitization
3. Ethics and Financial Markets, Code of Ethics and Standards of Professional Conduct(CFA)
Ethics in financial markets, unethical examples of companies ‘behavior
Professionalism – knowledge of the law, independence and objectivity, misrepresentation and misconduct
Integrity of capital markets - material nonpublic information, examples of market manipulation
Duties to clients - loyalty, prudence and care, fair dealing, suitability, performance presentation, preservation of confidentiality
Ethical reporting of investment, risk profile of client, informing clients of the investment process
Duties to employers – loyalty, additional compensation arrangements, responsibilities and supervisors
Investment analysis, recommendations and actions - diligence and reasonable basis, communication with clients and prospective clients, record retention
Conflicts of interest - disclosure of conflicts, priority of transactions, referral fees
4. Financial Markets
Global financial markets - motives for using global financial markets, main centers, USA, Europe, Asia
Investing in global financial markets - stock exchanges versus OTC – markets, advantages and disadvantages of international investing
Role of the private equity and venture capital – types of risk capital, objectives of risk capital
Emerging markets, risk in emerging markets
Czech financial market – history, development, subjects, contemporary situation
Regulation of the Czech financial market, legislative basis of this market
Supervision and regulation in global financial markets – necessity of regulation, main regulation principles
Contemporary situation in global financial markets, the lesson from financial crises, new trends of financial markets
Investment theory development - growth and value theory of investing
Effective market theory – history, forms effectiveness, market anomalies
Fundamental analysis - global, sector and company analysis, financial analysis, calculation of intrinsic value, SWOT analysis
Technical analysis – main principles, history, charts and indicators, important financial market indicators
Psychological analysis – theories of psychological analysis, behavioral finance
Asset management, main principles of asset management, portfolio performance evaluation, role of portfolio manager
Global Investment Performance Standards
2. Derivative Markets
Derivative markets and instruments – classification, use of derivatives, derivative markets
Futures, forwards, swaps, options
Trading with futures – mechanics of trading, clearinghouse, liquidation of futures positions
Option strategies, synthetic options – types and use of option strategies
Structured instruments, securitization
3. Ethics and Financial Markets, Code of Ethics and Standards of Professional Conduct(CFA)
Ethics in financial markets, unethical examples of companies ‘behavior
Professionalism – knowledge of the law, independence and objectivity, misrepresentation and misconduct
Integrity of capital markets - material nonpublic information, examples of market manipulation
Duties to clients - loyalty, prudence and care, fair dealing, suitability, performance presentation, preservation of confidentiality
Ethical reporting of investment, risk profile of client, informing clients of the investment process
Duties to employers – loyalty, additional compensation arrangements, responsibilities and supervisors
Investment analysis, recommendations and actions - diligence and reasonable basis, communication with clients and prospective clients, record retention
Conflicts of interest - disclosure of conflicts, priority of transactions, referral fees
4. Financial Markets
Global financial markets - motives for using global financial markets, main centers, USA, Europe, Asia
Investing in global financial markets - stock exchanges versus OTC – markets, advantages and disadvantages of international investing
Role of the private equity and venture capital – types of risk capital, objectives of risk capital
Emerging markets, risk in emerging markets
Czech financial market – history, development, subjects, contemporary situation
Regulation of the Czech financial market, legislative basis of this market
Supervision and regulation in global financial markets – necessity of regulation, main regulation principles
Contemporary situation in global financial markets, the lesson from financial crises, new trends of financial markets