The ICMA-Certified Fixed Income Trader & Portfolio Manager combines two of ICMA’s flagship qualifications the Fixed Income Certificate (FIC) and Fixed Income Portfolio Management & Construction into a single, industry-recognised certification. This structured programme is designed for professionals seeking deeper expertise in fixed income trading, valuation, and portfolio construction and a formal qualification that reflects their skills. The ICMA Fixed Income Certificate (FIC) has been an essential qualification for market professionals for 50 years. With its emphasis on developing practical skills for trading, investment and risk management, the training will build upon your existing knowledge of the fixed income markets to give you the skills to compete in the global marketplace. By completing the programme you will: Develop a broad knowledge of fixed income markets and credit products Understand at a deeper level the relationship between cash bond and derivatives markets Become proficient in the basic maths of the fixed income and derivatives market Be able to develop and apply rates trading and hedging techniques Understand structured securities, CDS and Interest Rate Derivatives and their uses Have an up to date working knowledge of current best market practice and regulatory considerations for fixed income and derivative markets Be part of a network of fixed income professionals around the world The Fixed Income Portfolio Management and Construction class introduces the tools and techniques for the management of fixed income portfolios, applying those techniques first to analysing portfolios of real bonds and then to construction and management of portfolios. By completing the programme you will: Understand the technicalities of analysing fixed income portfolios Explain the drivers of performance of fixed income portfolios and how they affect investment outcomes Express views on future interest rates and credit spreads by taking positions in fixed income instruments Apply intuition to levels of tracking error utilised by active risk positioning Explain how single name credit is aggregated into aggregate risk distributions for fixed income portfolios Understand the principles of portfolio construction vs benchmarks and vs liability benchmarks Interpret and explain performance attribution for fixed income portfolios Use derivatives in portfolio construction – futures, swaps, swaptions, inflation swaps, single name and index CDS Explain application of ESG factors in fixed income portfolio construction