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Mifid II - Investment Funds (s)

300 €

at 1.8 KM
House of Training Follow

• Training
• Business
• Investment
• Legislation
• Strategy
• Finance
• Legal

Programme
Based on The ISO definition of an investment Fund specifying that an investment Fund is a collective investment scheme Based on a diversified portfolio of assets that is managed by a professional Fund manager, The content of module 6 focuses on:Main characteristics of investment funds (based on ISO 10962)Types of investment funds - Traditional long only funds (in Europe, UCITS funds), hedge funds, private equity funds, real estate funds, exchange-traded funds, funds of funds, pension funds, othersAttributes of investment funds - Open end/closed end funds, liquid assets/illiquid assets, asset type, level of regulation, incorporated/unincorporated, domicile, active/passive management, alternative managementPricing of investment funds - NAV, negotiated Price (ETFs)Factors influencing The performance of investment funds - Price of The underlying assets, costs/revenues of The fund, leverage, performance of The Fund manager, Market situationCosts associated with transactions and services involving investment funds - Sales charges (subscription/redemption fees), performance fees, administration fees, other fees (e.g., switching fees), commissionsStructure of The Market for investment fundsTypes of markets (regulated, OTC) - Direct subscriptions/redemptions with The Fund (through a distributor and The transfer agent), organised markets (exchanges, MTF, OTF, SI) for ETFsPrimary and secondary markets - Launching a Fund (open- end/closed-end), primary Market for funds on exchanges (primarily ETFs), normal Fund operations (subscriptions/redemptions)Market players - Fund manager, distributor, Fund administrator (includes Fund accountant, transfer agent, domiciliary agent), custodian/depositary, exchange and brokers (for ETFs), paying agentFinancial instruments as investmentsMarket practice - Instrument with wide range of risk (from UCITS to hedge funds), collective investment, economies of scale, long-term savings instrument, low volatility, low feesMain risks - Market risk, liquidity risk, credit risk, operational riskTax aspects - Withholding tax, capital gains tax, tax reclamation, subscription taxMarket forces that impact performance - Price of The underlying assets, volatility, liquidity, interest rates, currencies, macroeconomic factorsUnderstanding instrument's performance - Value of The underlying assets, performance of The Fund manager, costs/revenues of The fund, Market perspective, volatilityDocumentation related to The Instrument - Prospectus (or offering/information memorandum), KIID, PRIIP, terms and conditions, fact sheets
certification
This module is part of The MiFID II Certification. for more details about This Certification, please click here.
Target audience
The persons concerned by The Training Programme are all persons placed under The authority of a professional (or acting on his behalf) subject to prudential supervision by The CSSF, I.e. individuals providing investment advice (Advisory profile) or information (Information profile) on financial instruments, investment services or ancillary services to clients.
speakers
Experienced professional specialists selected on The basis of their in-depth knowledge of markets and financial products under MiFID rules I and II, and ESMA criteria.
duration
12h (1,5 days)
language
english
venuePlanning session lun. 01.07.20198h
MiFID II: Investment funds
Chambre de Commerce luxembourg
mar. 02.07.2019 à 08h30
4h
MiFID II: Investment funds
Chambre de Commerce luxembourg
Planning session jeu. 03.10.20198h
MiFID II: Investment funds
Chambre de Commerce luxembourg
ven. 04.10.2019 à 08h30
4h
MiFID II: Investment funds
Chambre de Commerce luxembourg
Planning session jeu. 07.11.20198h
MiFID II: Investment funds
Chambre de Commerce luxembourg
ven. 08.11.2019 à 08h30
4h
MiFID II: Investment funds
Chambre de Commerce luxembourg