Investment and Portfolio Analysis

Portfolio Management: How Roboadvisors Apply Modern Portfolio Theory



This course aims to cover the key fundamentals of Modern Portfolio theory and how today’s Roboadvisors apply these basic building blocks to develop and manage investor portfolios. The course will include topics that cover how optimal portfolios are created with an emphasis on passively managed portfolios and asset allocation rather than security sections as the key driver in any long term portfolio’s return.


1.Why do Roboadvisors exists? An overview of why most investors achieve returns less than a static benchmark portfolio. (An introduction to Behavior Finance).
2.The building blocks of any portfolio management process: Estimating the expected Risk & Reward of various asset classes.
3.What is Correlation and why does it matter with an investment portfolio
4.Utility theory and how it can be applied in practice
5.What is a portfolio’s Beta?
6.Define and show practical examples of the Capital Asset Pricing Model (CAPM).
7.We define the market’s Efficient Frontier which becomes our “Model Portfolios”
8.Defining our Asset Allocation
- What specific securities do we select?
- When do we rebalance the portfolio?
9. ETF’s: a review and practical application within a portfolio.
10. Putting the pieces together in practice: a Roboadvisors example
11. Strategic vs Active asset allocation (Passive vs Active)
12. Measuring risk adjusted returns of a portfolio.
13. Breaking down the portfolio’s returns? Measuring the portfolio’s attributions.
14. Smart Beta and Factor Investing, Becoming a “Smarter Passive Investor”

Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses / seminars / conferences under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

Eligible in-service practitioners of the financial services industry could apply for reimbursement of 80% of the course fees, subject to a maximum of HK$7,000 (whichever is lower) upon satisfactory completion of a course / seminar / conference over the three-year period of the Scheme.

Each individual may apply for reimbursement for more than one course / seminar / conference.

Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course / seminar / conference attended. Please refer to the WAM Pilot Programme website for more details.

Speaker/Course Instructor

Mr. James has over 20 years of international banking experience, which includes risk management, debt capital markets, derivatives trading and investments. He began his career as a derivative risk analyst with a Canadian Bank in Toronto before moving to London, focusing on debt capital markets and derivatives, working for several large international banks as Director of European Derivatives Marketing.

Following 8 years in the UK, he moved to Asia in 1991, working for a large international investment bank and later became the Head of Investment Advisory Group of their Private Bank in Hong Kong. Most recently, he was the Head of Investment Services, Advisory and Discretionary for two boutique Swiss private banks.

Mr. James obtained an Honors business degree from Wilfrid Laurier University, Waterloo Canada, and an MBA from the University of Toronto, Toronto Canada.


Date & Time
Monday, 10 Sep 2018 (6:30PM - 8:30PM)
HKSI Institute Training Centre
SFC:2.00, PWMA:2.00