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Portfolio management process and investment policy statement basics

Portfolio management / portfolio construction · Lesson 1 of 4

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Lesson 1 of 4 · Portfolio management / portfolio construction

Portfolio management process and investment policy statement basics

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Describe the steps in the portfolio management process, from planning through execution, feedback, and rebalancing.
Explain the purpose of an investment policy statement and distinguish between objectives, constraints, and governance provisions within an IPS.
Describe investor types and compare the major considerations of individual versus institutional investors in setting investment policy.

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Formulate return objectives and constraints for an individual investor IPS, including liquidity, time horizon, tax, legal and regulatory, and unique circumstances constraints.

Interpret institutional investor IPS considerations for common institutional types using the standard objective-and-constraint framework.

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