Exchange Traded Funds
Paul Meadows Overview:
Exchange Traded Funds are now firmly established in the investment world. But how do they actually work? Originally designed as simple, user friendly, passive, Equity Index tracking vehicles, their evolution has created several different types of product, across the Asset Classes, with each one requiring different approaches in due diligence. While the external ‘packaging’ might look similar, the risks underneath vary considerably.
Why you should Attend:
Exchange Traded Funds have proved to be one of the Financial Markets’ most successful products over the last decade or more, attracting unprecedented inflows of Investor monies & continually adapting to the ever changing Investment environment in terms of underlying Assets & Investor preferences.
Their sheer scale today means it is therefore essential for anyone working in today’s Financial Markets to understand their appeal, their structures & most importantly, their risks.
Areas Covered in the Session:
- ETFs & traditional Index Funds compared
- Understanding the different replication mechanisms
- Primary (Redemption, Creation process) & Secondary markets - Authorised Participants
- Real time pricing & Arbitrage opportunities, Dividends
- Tracking error measurement
- Deciding on which ETFs to employ - structure, transparency, cost, liquidity
- How to employ them in a Portfolio. Core vs Satellite investing
- ETF Variations on a theme - Inverse, Leveraged
- Commodity ETFs - Issues to consider - Futures or Physicals?
- Understanding the importance of Contango & Backwardation
- Inverse, Leveraged & Swap-based. What could possibly go wrong?
- Crypto Currency ETFs - A safer way to participate?
Who Will Benefit:
- Middle & Back Office Professionals from Exchanges
- Regulators
- Asset Managers
- FinTechs
- Fund Administrators
- Investment Banks
- Wealth Managers
- Custodians
- Clearing Houses
Speaker Profile
Paul Meadows has fifteen years Investment experience through various Front Office roles on the Buy side of the Markets in the UK - Trader, Global Equities Research Head & Portfolio Manager. He has knowledge of working in both Institutional & High Net Worth Private Client environments with the likes of Royal Insurance & Lloyds Private Bank He has been designing & delivering both Public & in-house Financial Markets Training programs worldwide since 2000, initially with the in-house tailored training arm of Euromoney, DC Gardner & has been the Managing Director of Chadley House Training since 2004. Clients range from Investment Banks (Citi, Deutsche Bank), Private Banks (Hoare & Co), Fund Managers (Blackrock, Axa IM), Sovereign Wealth Funds (Kuwait Investment Authority), Regulators (from London, Mongolia, Angola & Tanzania), Exchanges (London, Nigeria), Hedge Funds (Brevan Howard, Man Group).