We have following areas of focus under equity research mentorship. Students are free to choose from different tracks, depending on one’s background and interest. Although you might have specialization in your foundation stage, once you move into advanced stage, you will have rather the same scope of jobs during your internship:
- Equity research with modeling focus (most popular track & with cost competitive classroom option): building summary financial statement; building a integrated forecast model; Excel skills for equity research; researching on company’s background; writing investment summary; building company valuation model.
- Equity bottom up style investment: industrial analysis; reading IPO prospectus; zoom into a company; building a quick financial model; peer analysis.
- Equity top down style investment: type of fund and benchmark; important macro data and other key indicators; industry – demand/supply, pricing, raw materials, policy, macro; constructing country and regional funds; stock picking.
- Equity portfolio construction: type of fund and benchmark; macro data and indicators analysis; industry analysis – demand/supply, pricing, raw materials, policy, industry-specific drivers; constructing country and regional funds (relative and absolute returns; stock weightings); stock picking; case studies. Learning outcome: basic understanding and exercise of 1) performing top down analysis, 2) constructing absolute/relative return funds, and 3) constructing country/sector/regional funds
Disclaimer: Actual curriculum on individual student may vary.