Training Calendar

The Behavioral Finance Approach to Asset Allocation

This course aims to discuss the asset allocation decision from the perspective of behavioral finance.  Asset allocation is one of the most important decisions made in the financial planning and wealth management process.  In recent years, both academics and finance practitioners have been using the behavioral finance concepts in asset allocation.  We shall discuss the latest and state-of-the-art techniques and concepts developed through the prospect theory and the behavioral approach to portfolio theory.

Course Content
• Introduction to asset allocation
• Traditional finance approach to asset allocation
  √       Expected utility theory and risk aversion
  √       Modern portfolio theory and portfolio optimization
  √       Optimal asset allocation through a case study
• Behavioral finance approach to asset allocation
  √       Prospect theory and risk preference
  √       Behavioral finance approach to portfolio theory
  √       Optimal asset allocation through a case study

Course Instructor :                   Dr. Lai Man-Kit, PhD, CFA, CIIA, MHKSI
Dr. Lai is the Principal Consultant of Executive Training and Management Consultancy Company Limited. In recent years, he has offered professional consulting services and quality training programmes to a number of financial institutions, business organizations and academic units in China, Hong Kong, Japan and Singapore. He has extensive training and teaching experience for financial institutions in compliance and sales process relating to the sales of investment products. Dr Lai obtained a doctorate in finance at the London Business School.  He is the author of a number of professional publications including Study Manual to International Certificate for Financial Advisers Chapters 7 and 8 (English, revised ed., 2009), 24-Hour FX Trading (Chinese, 2008), Advanced Investment Analysis (English, 2005), Portfolio Management (English, 2005), Happy Ways to Learn Money Matters (Chinese, 2005), Fighting Against Psychology Biases (Chinese, 2004), Lifelong Wealth Management (Chinese, 2nd ed., 2004) and Investment Analysis and Portfolio Management (English, 2002).

Who Should Attend
This course will be of interest to financial planners, investment advisers, wealth managers, private bankers, insurance intermediaries and investors at large.

Administrative Details
Course Code : TESX046011202
Date & Time :
  • 31/07/2012 (6:30pm - 9:30pm)
Venue :

The Hongkong Federation of Youth Groups (HKFYG), 8/F, 21 Pak Fuk Road, North Point, H.K.

Language : English
Level : Intermediate
Course Hours :
  • 3 CPT hour recognized by SFC
  • 3 CPD non-core hour recognized by MPFA
Course Fees :

HKSI Members or staff of HKSI Corporate Members : HK$450
Student Members or Non-members : HK$600