Pensions and Retirement Training Course on Fixed Income Investment Strategies
Master Pensions Retirement Training with expert training. 10 Days course with certification. Comprehensive training program. Online & in-person. Enroll now!
Pensions And Retirement Courses10 DaysCertificate Included
Duration
10 Days
Mode
Online & Physical
Certificate
Included
Language
English
Course Overview
This professional course provides pension fund trustees, investment managers, and financial analysts with a deep understanding of fixed income securities, markets, and portfolio strategies tailored to pension fund objectives. Participants will learn how to design, analyze, and manage fixed income portfolios to achieve predictable income, capital preservation, and liability matching. The course blends theoretical foundations with practical applications, focusing on interest rate management, bond analytics, credit risk assessment, and regulatory compliance within the pension context.
Secure enrollment • Professional certificate included
Learning Objectives
By the end of this course, participants will be able to:
Understand the structure and functioning of fixed income markets.
Analyze the characteristics, risks, and valuation of fixed income instruments.
Design fixed income portfolios aligned with pension liabilities and funding goals.
Apply duration, convexity, and yield curve strategies in portfolio management.
Implement credit risk management techniques in bond investing.
Construct liability-driven investment (LDI) portfolios using fixed income assets.
Evaluate and select government, corporate, and structured bonds.
Integrate ESG and sustainable fixed income investing principles.
Monitor and measure fixed income performance using quantitative metrics.
Align fixed income strategies with regulatory, governance, and fiduciary standards.
Course Content
Module 1: Introduction to Fixed Income Markets and Instruments Overview of global and local fixed income markets Role of fixed income in pension fund portfolios Types of fixed income instruments: government, corporate, municipal, and supranational bonds Bond features: coupon, maturity, yield, and credit quality The role of fixed income investments in diversification and stability Case study: Fixed income allocation in a multi-asset pension portfolio Module 2: Bond Valuation and Yield Concepts Time value of money and bond pricing fundamentals Yield measures: current yield, YTM, YTC, and yield spreads Term structure of interest rates and yield curve dynamics Price-yield relationship and bond pricing sensitivity Accrued interest, clean price vs. dirty price Workshop: Calculating bond prices and yields using spreadsheet tools Module 3: Duration, Convexity, and Interest Rate Risk Management Understanding duration and modified duration Duration as a measure of interest rate sensitivity Convexity and its impact on price changes Portfolio immunization using duration and convexity matching Duration gap analysis for pension fund portfolios Practical session: Constructing an interest rate-neutral bond portfolio
Module 4: Credit Risk Analysis and Fixed Income Instruments Components of credit risk: default, downgrade, and spread risk Credit ratings and their implications for investment selection Credit spreads and yield differentials Analysis of corporate and sovereign bond creditworthiness Structured and securitized products (MBS, ABS, CDOs) Case study: Managing credit exposure in pension fund fixed income portfolios Module 5: Fixed Income Portfolio Strategies Passive vs. active fixed income management Ladder, barbell, and bullet portfolio strategies Yield curve positioning: steepener, flattener, and butterfly trades Sector rotation and credit spread strategies Tactical allocation between government and corporate bonds Workshop: Designing a diversified fixed income strategy for a pension scheme Module 6: Liability-Driven Investment (LDI) and Fixed Income Linking fixed income portfolios to pension liabilities Cash flow matching and duration matching approaches Use of long-duration and inflation-linked bonds Managing reinvestment and longevity risk Role of swaps, futures, and options in liability hedging Simulation: Building an LDI portfolio using fixed income instruments Module 7: Inflation Protection and Real Return Bonds Understanding inflation risk in pension funds Inflation-linked bonds (ILBs) and Treasury Inflation-Protected Securities (TIPS) Real vs. nominal returns and purchasing power preservation Integrating inflation-linked assets into fixed income portfolios Global practices in inflation hedging for pension liabilities Practical exercise: Constructing a portfolio for inflation-sensitive liabilities Module 8: ESG and Sustainable Fixed Income Investing ESG considerations in fixed income investment decisions Green bonds, social bonds, and sustainability-linked bonds Measuring ESG risk in fixed income portfolios Regulatory and reporting requirements for sustainable fixed income investments Evaluating ESG indices and benchmarks Case study: Integrating ESG principles into fixed income strategy Module 9: Performance Measurement and Monitoring Calculating returns for fixed income portfolios Risk-adjusted performance metrics (Sharpe, Information, and Sortino ratios) Benchmarking against market and liability-based indices Attribution analysis: yield curve, duration, and spread contributions Rebalancing and performance reporting Workshop: Evaluating portfolio performance and risk contributions Module 10: Governance, Reporting, and Case Study Application Governance framework for fixed income investment decisions Compliance with regulatory and fiduciary obligations Documentation, oversight, and reporting best practices Developing investment guidelines for fixed income portfolios Case study: End-to-end development of a fixed income investment policy Course wrap-up, evaluation, and certification
Who Should Attend
Pension fund managers, trustees, portfolio analysts, actuaries, investment officers, risk managers, regulators, financial strategists, and consultants involved in pension investment and liability management.
