Question

Given the theoretical concepts and empirical knowledge you have learnt in this course, what personal qualities and professional skills do you think are important for a successful career in portfolio funds management?  

Answer 1

Before getting into personal qualities and professional skills for successful career in portfolio funds management, let us understand, What do you mean by portfolio funds management?

Portfolio fund management is the art and science of choosing and looking forward a group of investment opportunities to meet financial goals and bear risk on behalf of client, or a company or an institution.

The following are the personal qualities and professional skills for a successful career in portfolio funds management or portfolio manager.

1. Analytical Ability: Portfolio manager must have analytical skills by research every day. One must do scenario analysis and plan for a range of outcomes. Manager must have to predict future about market activities and changes.
2. Anticipation: A portfolio manager must check news in the morning for major development around the world. Should anticipate hoe new events will have impact on financial market and on can make good investment decisions.
3. High Interest in Financial Markets: To become a successful portfolio manager should have more interest in financial markets. Should be aware of basics about markets where one can reach to top level of investment decisions.
4. Tenacity: Portfolio manager job is very challenging job. One minute is like just a second so hours are so long and must handle investments for businesses or individuals are demanding. Its very difficult to stay on top of new and market changes. Should drive the market as wel as desire to succeed.
5. Communication: Communication skill is most important skill. As a portfolio manager he or she must spend a lot of time working with complicated data. So to become successful manager must communicate his or her analysis and recommendations to business leaders, individuals.
6. Competitive spirit: Portfolio management is a competitive field where you must be creative and innovative in your decisions.Competitive spirit will keep you motivated to calculate risks and be innovative.
7. Ability to work independently: Portfolio managers must have skils to work autonomously and think themselves. He or she must have ability in identifying new ideas without tsking others openion.
8. Decisivenss: Once analyzed the complicated data and formed a conclusions you must be strong to implement your decision by investing. Always you have to think thrice about decision and very confident in informing recommendations.
9. Humility: As a portfolio manager you should know your limits and controls over things. You should not be overconfident in your ability. You should think as it may be worng accept the mistake and learn from each mistake by finding solutions.
10. Strong emotional control: Weak emotional decision maker would not have opportunity to become successful manager. A market fluctuate constantly and having strong emotional control will help from panking and prevents from poor investment decisions. Must operate on logic rather than emotional and do not worrying too much about intra day fluctuations are keys to success.