Wealth Management

Certified Private Wealth Professional (CPWP) Module 1 Refresher Programme: Topic 4 - Portfolio Management: Theories and Practices (eCourse)


This course aims to help participants understand the important concepts and practices of portfolio management, and introduces three important modern financial theories, portfolio theory, the capital asset pricing model (“CAPM”), and the efficient market hypothesis (“EMH”).


On completing this course, you should be able to:
a. Assess the needs, financial goals, investment objectives and investment constraints involved in an investor profile;
b. Understand asset allocation concepts and portfolio construction;
c. Understand the concept of return, risk, risk premium and risk-return trade-off;
d. Understand main portfolio strategies for major assets categories;
e. Understand the portfolio management process and demonstrate how it can be implemented to meet customer financial goals;
f. Demonstrate how to construct a portfolio matching an investor profile;
g. Apply different investment strategies based on customer objectives and investment constraint;
h. Evaluate the advantages and disadvantages of diversification and risk exposures of a portfolio;
i. Understand factor investing and how it can be used to build an equity portfolio matching customer investment needs;
j. Explain how to implement a financial plan; and
k. Monitor, measure and evaluate the performance of a portfolio.


Section 1: Risk and Return
- Risk and Return
- Assessing Individual Security Returns
- Diversification and Portfolio Theory
Section 2: Essential Theories
- Capital Asset Pricing Model (CAPM)
- Efficient Market Hypothesis
Section 3: Investment Management
- Investment Management
- Performance Review

Who should attend

It is primarily targeted to CPWP candidates who wish to take the CPWP Module 1 Paper 1 Examination. It is also relevant to those PWM practitioners who would like to enhance their knowledge and skills in wealth management products.


SFC:1.50, PWMA:1.50
All Member: HK$600
Staff of Corporate Member: HK$600
Non-Member: HK$1200

If you've already enrolled in the examination and would like to enrol in the training programme, please contact us via email ([email protected]) or tel. on 3120 6100.