Syllabus16 modules, from investing to valuation
Each module ends with a quiz that explains every answer, plus study material to download.
Level 1 · Invest
7 modules · 7.5 hours
Module 1Why fixed income is not “fixed”What you buy when you buy a bond, how to read any interest rate and why your statement moves.
Module 2The Colombian menuCDTs, TES, corporate bonds and funds: how each one works and what risk you take.
Module 3Collective investment fundsUnits, the fund fact sheet, duration, volatility and the true cost of the management fee.
Module 4Inflation, rates and the Central BankEarning more pesos is not the same as gaining purchasing power.
Module 5Risks every investor must understandInterest rate, credit, liquidity and reinvestment risk, translated from the headlines.
Module 6Fixed income, equities and your portfolioEquities, the mix, time horizon, diversification, risk profile and rebalancing.
Module 7Taxes and my first portfolioWhat is left after taxes, and every peso in its right time horizon.
Level 2 · Professional
9 modules · 21 hours
Module 8Bond mathDiscounting with real dates, price, yield to maturity, horizon analysis and accrual.
Module 9From the screen price to cash in the accountClean and dirty price, hidden costs and the trading desk’s order book.
Module 10Indexed securities: CPI, UVR and IBRCPI, UVR and IBR: who bears each risk, floaters and seasonal carry.
Module 11The yield curve and reading the marketZero curve, forwards, Nelson-Siegel and ten years of official data.
Module 12Duration, convexity and interest rate riskDuration, convexity, value at risk and hedging with IBR swaps.
Module 13Credit risk: reading an issuerRatings, spreads, probability of default and rating migrations.
Module 14Portfolio strategies and managementTotal return, strategies, stress tests and how to measure the manager.
Module 15Colombian case labDecide with the information available at the time and simulate data-release day.
Module 16Roadmap to certificationSelf-assessment, review terminal, practice and the final assessment.