tailieunhanh - CERTIFICATE FOR INTRODUCTION TO SECURITIES & INVESTMENT

An additional method to show that the FI results depend on factor tilts is to replicate the FI returns with a portfolio of indices that contain the similar factor loadings. We have experimented with several such portfolios. While only one of these is presented, we find that there are a variety of ways to produce similar (or even larger) returns than FI. We agree with Arnott et. al., that FI is not simply a value portfolio. It has characteristics of both greater value and smaller size than a capitalization weighted portfolio. If we are correct. | CISI supported by CHARTERED INSTITUTE FOR SECURITIES INVESTMENT certificate for introduction to securities INVESTMENT The Chartered Institute for Securities Investment is the principal provider of qualifications designed for financial services practitioners. The Institute actively promotes the advancement of knowledge in the field of securities and investment in schools colleges and universities. Partnering with schools and colleges allows the CISI to offer a strong foundation of knowledge for those considering a career in financial services. The CISI s foundation qualification - the Certificate for Introduction to Securities Investment - has been specifically designed to provide students with a direct entry route into the financial services industry. It provides an overview of all areas of investment and the role of financial services in the UK economy. The qualification comprises two units the Introduction to Securities Investment module followed by an extended project. The CISI has already accredited several schools colleges of further education and skills academies to deliver training for the first unit. The full qualification will be available to schools and colleges from September 2010. UCAS Affiliation The Certificate for Introduction to Securities Investment is the first CISI qualification to receive a UCAS tariff. Students achieving the highest grade of a Pass with Distinction will be able to claim 60 tariff points which is equivalent to a grade A at A S Level. Students achieving a Pass with Merit or a Pass can claim 40 and 20 points respectively. Benefits for schools and colleges Flexible teaching structure The qualification is fully recognised by Ofqual and is on the Qualifications and Credit Framework QCF Fulfils Unit 1 of the Investment Administration Qualification IAQ used by employers throughout the sector Potential for sponsorship by firms A range of learning resources and support available Benefits for students Enables students to compete .