MANAJEMEN INVESTASI DAN PORTOFOLIO Lecture 9: Portfolio ...

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Lecture 9: Portfolio Investment. Management Process. MANAJEMEN INVESTASI. DAN PORTOFOLIO. Lecture 9: Portfolio Investment. Management Process.
MANAJEMEN INVESTASI DAN PORTOFOLIO Lecture 9: Portfolio Investment Management Process

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MIP/MB-IPB/08

Portfolio Investment Process Planning 1. 2. 3. 4. 5.

Investor Conditions Market Conditions Investment/Speculative Policies Statement of Investment Policies Strategic Asset Allocation

Implementations 1. 2. 3 3.

Internal-External Management Security – Manager Selection Tactical Asset Allocation

Monitoring 1. 2. MIP/MB-IPB/08

Evaluate Statement of Investment Policy Evaluate Investment Performance

Source: Radcliffe

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Portfolio Planning Stage Investor Conditions

Market Conditions

1. Financial Status

1. Long-Term Expectations 2. Short-Term Expectations

* Marketable & Nonmarketable assets & liabilties * Financial Distress

2. Knowledge 3. Risk Tolerance

Investor Policies 1. Strategic Asset Allocation * Current * Passive Rebalancing

2. Speculation Strategy * Tactical Asset Allocation * Security Selection

3. Internal /.External Management

Statement of Investment Policy 1. 2. 3.

Objective Strategy (policies) Constraints

Source: Radcliffe

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MIP/MB-IPB/08

Portfolio Implementation Stage

Statement of IInvestment Policy P li

Current Market Conditions

Rebalance Tactical Asset Allocation 1. 2.

Asset Classes Sectors / Industries

Security and / or Manager Selection MIP/MB-IPB/08

Source: Radcliffe

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