Fundamentals of Equity Markets

LEVEL: INTRODUCTORY LEVEL

▪	Understand equity market sensitivity to macro-economic developments
▪	Understand equity market interaction with
▪	interest rate, FX and commodity markets
▪	Master the fundamentals of equity portfolio management
▪	Understand the fundamentals of company
▪	and market valuations
▪	Hedge a portfolio with equity derivatives

▪	Characteristics of the main equity products - Introductory
▪	Fundamentals of valuing equity products and basic charting - Introductory
▪	Characteristics and uses of equity derivatives - Introductory

▪	Understand the stock-exchange environment: organisation, workings, participants
▪	Master the buy/sell process, from negotiation to delivery
▪	Understand the basics of corporate valuation

▪	Equity back office managers
▪	Fund managers
▪	Financial intermediaries
▪	Private banking
▪	Private client consultants

Organisation of Equity Markets

▪

Role in the economy

▪

Various equity markets and participants

▪

How equity markets work

▪

Euronext: Eurolist & Alternext

▪

Equity market products: cash, derivatives and structured products

▪

Indices: beta and alpha

▪

Daily pricing of equities

▪

Types of orders and execution

Limit

Market

Stop loss (or take profit)

Fund Management Methods

▪

Index tracking

▪

Tilted

▪

Alternative/Hedge funds

Corporate Actions

▪

IPOs

▪

Division of nominal/split

▪

Increase of capital

▪

Dividend payments

▪

Take-over bids and exchange offers

Financial Analysis

▪

Interpretation and analysis

▪

Main ratios (PER, etc.)

Technical Analysis and Charts

Mechanics and uses of futures and options on stocks and equity index