On this course, you will…
- Study the key components of the Client Investment Objective
- Examine what affects the returns from Real Estate
- Explore Investment philosophies
- Learn the key components of an Investment plan
- Understand how to track performance against the Investment Objective
- Review examples of differing approaches, philosophies and live examples of current strategies in the current market
Who will benefit from this course?
- Individuals working in a Research department
- Asset Managers looking to advance their careers and become Fund managers
- Junior Portfolio Managers
- Professionals in family office Research departments
- Graduates aspiring to pursue a career as Fund managers
- Real Estate Professionals looking to broaden their knowledge
Course Outline
The Client Investment Objective
- Understanding the size and structure of the Real Estate market
- Reviewing the four quadrant model
- Defining the return objective:
- Over what time period?
- What is the risk tolerance?
- What is the liquidity requirement?
Factors affecting returns from Commercial Real Estate
- Commercial Real Estate system:
- Occupancy Market
- The Investment Market
- Credit Market
- Government and business
Investment Philosophy
- The known knowns, the known unknowns and the unknown unknowns
- Identifying Key investment beliefs
The Investment Plan
- Asset allocation
- Stock selection
- Asset management
- Leverage
- Style
Portfolio Performance vs Client Investment Objective
- Determine what constitutes a good benchmark.
- Performance attribution
- Comparing outcomes with assumptions in the Investment Plan
Measure Portfolio Risk
- Analysing Portfolio structure
- Identifying Concentration risks
