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PIF Portfolio Management Development Program
The Portfolio Management Development Program aims to play a pivotal role in the evolution and enhancement of the local financial market in Saudi Arabia.
Program Objective
The Portfolio Management Development Program aims to play a pivotal role in the evolution and enhancement of the local financial market in Saudi Arabia. The program is committed to establishing a gold standard for portfolio management practices within the nation. We take immense pride in our collaboration with IE Business School in Spain to deliver an in-depth educational experience, we aspire to equip individuals with the insights and competencies required to thrive in the realm of portfolio management and foster the expansion of the financial market in Saudi Arabia.
IE Business School
Academic Partner
IE Business School is recognized as one of the top business schools worldwide, that provide executive education and corporate learning programs.
IE Business School delivers its programs through its renowned methodologies in both online and blended learning with classes taught by a faculty of more than 500 instructors from around the world.
SNB Capital
Main Sponsor
SNB Capital, a subsidiary of Saudi National Bank, has been instrumental in advancing the Asset Management market in Saudi Arabia. In line with Saudi Arabia’s Vision 2030 to diversify its economy, SNB Capital introduced international best practices and innovative financial products for the local market. Their expertise has elevated the financial sector’s standards, attracting foreign investments and promoting a resilient economic environment in Saudi Arabia.
The Learning Journey
An 8-month program that is made up of 6 modules. Practical Application through Simulation: 10 online sessions throughout the program.
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March (March 3rd and 4th Classroom PIF Academy)
Module 1: Opening Remarks Introduction to Portfolio Management
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April (April 20th and 21st Classroom PIF Academy)
Module 2: Equity Portfolio Investment Approach
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May (Online/Self-Paced)
Assignments, Self-paced readings, Exams, Online Simulations
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June (June 2nd to 6th Classroom PIF Academy)
Module 3 & 4: Risk & Performance Analysis, Asset Classes, Exam (June 9th)
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July (July 9th to 10th Classroom PIF Academy)
Module 5: Asset Allocation
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May-October (Online Sessions on Saturday)
Module 6: Professional Tools and Topics to Analyze Portfolios
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August-October (Online/Self-Paced)
Assignments, Self-paced readings, Exam (August 27th), Online Simulations Professional Tools
Learning Modules
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Module I. Introduction To Portfolio Management
- Introduction to portfolio management
- Investment policy
- Portfolio construction
- Portfolio analysis
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Module II. Equity Portfolio Investment Approach
- Equity Management
- Investment styles
- Explanation of quality at a reasonable price fund
- Screening for stocks
- Two-pager on portfolio
- Flavors of investing
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Module III. Risk and Performance Analysis
- Analysis of risk and return in a portfolio
- Fund selection
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Module IV. Asset Classes
- Review of the main asset classes
- Explanation of quality at a reasonable price fund
- Derivatives and ETFs
- Commodities
- Alternative investments
- Introduction to asset allocation
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Module V. Asset Allocation
- Historical returns and calculating expected returns
- Introduction to asset allocation / efficient portfolios
- Alternative Investment and asset allocation
- Institutions and asset allocation
- Asset Allocation through funds and ETFs
- Tactically allocated to asset classes
- Trends in asset allocation
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Module VI. Professional Tools to Analyze Portfolios
- Technical training sessions on Bloomberg, Factset, and Northfield, are scheduled in parallel with the academic classes.
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Portfolio Simulation
- To illustrate the operations of a real portfolio
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Evaluation
- Exams
- (25%) Modules I, II, and III
- (25%) Module IV and V
- Assignments
- (10%) Initial portfolio
- (20%) Portfolio changes and perhaps other projects
depending on the economic and financial market
environments and portfolio topics - (20%) Portfolio 2-Pager
- The 2-Pager will focus on what is learned in
Modules II and III on managing an equity
portfolio, but will include returns generated
during the simulation
- Extra credit may be provided for extra learning
- Exams
Learning Simulations
To ‘accelerate the development of Portfolio Managers’, equipping them to manage significant investment portfolios, an important component of the program is the Simulation.
During the simulations, the participants will have an opportunity to simulate a real portfolio of stocks. They will devise an investment philosophy and process, choose securities, and monitor performance and risk using the tools (FactSet, etc.) they learn in other sessions.
Learning by doing is the best way to learn a subject.
The simulation will include other asset classes besides stocks and set limits on country exposure, sector exposure, etc. just as would be required for actual fund managers.
Bloomberg Training (4 sessions):
- Bloomberg main concepts
- Equity in Bloomberg Fixed Income, Derivative, Funds, and other products
- Portfolio construction and analysis
Program Acceptance Criteria
The specific eligibility requirements and selection measures that individuals must meet to participate in a particular. program.
Acceptance Criteria
- Saudi National.
- 3+ Years experience Fund or Portfolio Manager.
- Proficiency in English languages.
Selection Measures
- Interview assessing skills and cultural fit.
- Diversity of participants based on varied backgrounds.
