The European Central Bank (ECB) announced last Thursday that it was tapering its asset purchases, reducing the programme by half to €30bn per month, but prolonging the programme to September 2018. This will bring about a new era of uncertainty in fixed income portfolio management.

With prolonged quantitative easing (QE), central banks have compressed spreads and yields across a wide range of fixed income asset classes. Fixed income investors have struggled to meet liabilities, leading to a hunt for yield in new asset classes in the developed world. But with inflationary pressures remaining low, except for the UK, it is unclear whether central banks will stay the course to end the shock therapy to ailing economies.

Geopolitical risk plays its own role. The UK decision to leave the EU has caused currency fluctuations, inflation and decreased economic growth. The euro area on the other hand has witnessed economic growth return, lower unemployment, but with paradoxically weak inflation.

ICMA's Fixed Income Portfolio Management specialist course on 9-10 November prepares delegates to navigate these challenges.

By completing the programme you will:

• Develop a broader understanding of fixed income portfolio management
• Understand the mechanics of portfolio construction and analysis across a whole range of instruments
• Be able to demonstrate how to measure performance and attribution
• Demonstrate an understanding of credit spreads and investment portfolios

London, 9-10 November 2017
*2018 dates coming soon.

Cost: £1,400 for ICMA members and £1,850 for non-members
*The course fee includes all lunches, coffee breaks and training materials.