European Institute of Management and Finance | Certificate in Investment Fund Services
52583
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Certificate in Investment Fund Services

Certificate in Investment Fund Services

 

Professionals in financial services and particularly those in the fund sector need to have sound knowledge and a clear understanding across a scope of areas pertaining to Funds, including the specifics of the industry, the varying fund structures, the legal framework, fund strategies, taxation and other vital areas, so as to be able to effectively perform their duties and manage their responsibilities accurately, whilst assist their clients and organisations achieve the required outcomes.

 

 

Training Objectives

 

Upon completion of the Certificate programme participants will:

 

  • understand the investment environment
  • examine how a fund structure is created
  • appreciate the roles of the key principals of a fund – the fund manager, the fund administrator and the fund’s governing body.
  • understand the relationship between NAV and the performance of a fund
  • examine different fund types, structures and services available to investors in offshore jurisdictions
  • appreciate the legislative and regulatory frameworks affecting the funds sector

 

 

Training Outline

 

The Fund Industry introduction

  • Understand the meaning of the term mutual fund
  • Have an understanding of the funds industry
  • Be aware of the different stakeholders in a fund
  • Units of the Mutual Fund
  • Investment Manager
  • Exchange Traded Funds
  • Be able to explain the difference between closed- and open-ended funds
  • Understand the roles of the fund accounting duties

 

Fund Structures

  • Understand and be able to identify different fund structures, including
  • Common Funds
  • Investment companies
  • Partnerships
  • Multi-class funds
  • Master feeder funds
  • Special provisions for Cypriot mutual funds
  • be able to name the principle documents used in each structure in Cyprus

 

Fund strategies

Be able to explain the differences between the following fund strategies

  • Retail funds
  • Alternative investment funds
  • Fund of funds
  • Private equity funds
  • Real estate funds
  • Debt funds / Equity Funds
  • Structured products

 

Investors Information and Investment Restrictions

  • Investors Information
  • Investment Restrictions

 

Fund Accounting and Fund Valuations

  • Understand key terminology in relation to accounting and valuations
  • The Fund Administrator and the Depositary
  • Be able to explain PNAV and FNAV, and calculate a simple NAV and NAV per share
  • Be able to extract the assets under management (AUM) from a valuation or set of basic financial statements
  • Be aware of common investment transactions, income and expense streams
  • Be able to explain, at a high level, the valuation process
  • Understand and be able to calculate key income and expense streams of funds
  • Understand shares/units issues and redemptions, and the factors affecting them
  • Be able to understand and explain simple reconciliations carried out in a fund
  • Be aware of the concept of accruals and prepayments
  • Have a high-level awareness of the basics of financial statements

 

Obligation for investors information and investment restrictions

  • Annual and semi annual reports for UCITS and AIFs and other reports
  • Daily prices publication
  • Other reports
  • Investment limits and treatment of breaches

 

Taxation

  • Understand the basic principles of taxation in fund structures and be able to carry out a simple tax calculation
  • Understand the components of the ‘mind and management’ test for fund residence
  • Appreciate the tax treatment of different fund structures
  • Understand the concept and calculation of withholding tax
  • Appreciate what is meant by transfer pricing
  • Appreciate how Value Added Tax (VAT) affects funds and be able to carry out a simple VAT calculation
  • Understand the basics of real estate taxation

 

Regulation

  • Appreciate the regulations affecting funds
  • Understand what is meant by
    • FATCA and CRS
    • AIFM Law
  • Know the key types of documentation and reports that are usually filed with the regulators
  • Appreciate the obligations on the fund, fund manager and the administrator under the law
  • Be aware of the requirements on the fund and the fund manager in relation to anti-money laundering (AML)

 

 

Training Style

 

The Certificate is designed to deliver knowledge and enhance participants’ skills via short lectures, interactive case-studies and live practical examples. The use of real-life material will help participants to think critically about scenarios that will be relevant to their respective roles and organisations.

 

 

Who should attend

 

The Certificate is suitable for those working in, and those seeking to work in, fund administration, fund custody, fund management, back office support or fund operations. It will be of interest to people working in the asset management and investment funds areas in the legal and auditing advisory firms.