CFI activities and news

Look here for past debates and news.

  

Heriot-Watt welcomed into the CFA Institute University Affiliation Program

 Heriot-Watt University has been welcomed into the Chartered Financial Analyst (CFA) Institute University Affiliation Program. The MSc in Investment Management has been acknowledged as incorporating at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK) and placing emphasis on the CFA Institute Code of Ethics and Standards of Practice within the program.  This program positions students well to obtain the Chartered Financial Analyst® designation, which has become the most respected and recognized investment credential in the world.

Entry into the CFA Institute University Affiliation Program signals to potential students, employers, and the marketplace that the MSc in Investment Management is closely tied to professional practice and is well-suited to preparing students to sit for the CFA examinations.   Through participation in this program, Heriot-Watt is eligible to receive a limited number of student scholarships for the CFA Program each year.

  

The CFI Debate 2017

The Centre for Finance and Investment held its 6th debate on Thursday 9 February 2017. The debate for the evening was "Ethical investment is the pursuit of shareholder value". The event was organised in partnership with the Scottish Government-backed Ethical Finance Hub, which offers a platform to promote collaboration, research, innovation and growth in the ethical finance market. 

The last 20 years has seen the emergence of approaches to investment which have appropriated the term ‘ethical’, including investment to achieve environmental objectives, screening for conformity with environment, social and governance requirements, and faith-based approaches, especially Islamic finance. The topic for this debate provocatively dismisses this appropriation of ethics, claiming that the pursuit of shareholder value is the only guide that professional investors require.

Click here for more on The CFI debate 2017

 

CFI Annual Debate 2014

The Centre for Finance and Investment (CFI) held its 5th Annual Debate on 23rd October 2014. The debate examined the subject of fan ownership of football clubs and asked the question: “Can fan ownership rescue Scottish football?” The audience consisted mainly of practitioners from the local financial community, people from the world of professional football, academics, students and alumni. The Principal, Prof Steve Chapman, first welcomed the attendees and Prof Ian Thomson, Head of the Department of Accountancy, Economics and Finance, introduced the speakers: Ann Budge, Chair and Chief Executive of Heart of Midlothian Football Club; Andrew Adams, Professor of Finance at Heriot-Watt University; Stephen Morrow, Senior Lecturer in Sport Finance at the University of Stirling; and Mike Mulraney, Chairman of Alloa Athletic Football Club. Ann and Stephen spoke in favour of fan ownership while Andrew and Mike set out the opposing view.

Read more about the 2014 Annual Debate

 

2013 Annual Debate

This year's CFI Annual Debate, “What now for QE?” took place recently and was a joint event with the CFA Society of the UK.

The speakers included Prof. Robin Angus, Executive Director, Personal Assets Trust, Prof. David Cobham, Heriot-Watt University, Bill Jamieson, Former Editor of The Scotsman, and Russell Napier, Scottish Investment Trust. The UK government issued a European Union News release on the  debate and it was also covered by the Financial Times. (Read more on the CFI Debates page...)

  

New research project with SlimCat Investments launched

The CFI has embarked on a research project with SlimCat Investments entitled: “An analysis of the importance of dividend investing and the critical elements associated with sustainability and volatility”. In particular we will test the hypothesis that, at the portfolio level, income producing stocks, carefully selected for sustainability factors, can lower volatility and deliver elevated returns.