Download (Executive Director) Instituto Argentino de Mercado de

Training for investors, members and employees
of the Argentine Securities Market
Lic. Mónica Erpen
IAMC
Executive Director
INSTITUTO ARGENTINO DE MERCADO DE CAPITALES
MERVAL
IAMC
(1984 – 2011)
Provides Stockbrokers and Brokerage Firms with a comprehensive
support.
Promotes the dynamics of capital markets as an alternative for
investors and as a source of corporate financing.
Production of
Information
Delivery of
Information
Training
INSTITUTO ARGENTINO DE MERCADO DE CAPITALES
Stockbrokers and
Brokerage Firms
Investors
Production of
Information
Investment
Professionals
Private and public
entities related to
Capital Markets
Training
Delivery of
Information
Companies
Journalists
INSTITUTO ARGENTINO DE MERCADO DE CAPITALES
Research &
Development
•Product
development
•Simulation
Spreadsheets:
Publications
Training
•Periodic Reports: Daily, Monthly,
Half-Year
• Regular Training Courses:
Periodic, Specific, In-company
•Yearbook
• Certified Financial Advisor
Program (AFC)
 2005 and 2010 Sovereign
Debt Restructuring
•Research on capital markets
relevant indicators (primary and
secondary market).
GDP Warrants’ Payments
•Briefing
•Fixed Income Calculator
(both for sovereign and subsovereign bonds)
•Contributor to Thomson
Reuters and Bloomberg
• Active participation in
Seminars, Conferences, and
Faculty Chairs
All of them, freely avaliable at :
www.iamc.sba.com.ar
• Strategic Alliances (UBA
Postgraduate Course,
Thomson Reuters, UBA, IAEF,
Chamber of Trusts and Direct
Investment Funds)
Book: “Capital Markets.
Handbook for non-specialists”
(Jointly published with UBA. 3rd
edition available at bookstores)
• PRO.DI.BUR (Programa de
Difusión Bursátil - Capital
Markets Promotion Program)
INSTITUTO ARGENTINO DE MERCADO DE CAPITALES
Regular Training Courses



Capital Markets Operator – 4-month-course. Since 1984.
Expert in Capital Markets – 1-year-course. Since 1992.
Advance Program in Capital Markets (for residents of the provinces). Since 2007.
Specific Training Courses








Anti-Money Laundering.
Corporate Valuation.
Corporate Financing depending on the companies’ tax situation.
Financial Calculus applied to Capital Markets.
Options – Intensive Workshop.
Portfolio Management.
Technical Analysis.
Trust Funds and Direct Investment Funds: Theory and Practice.
+ 8,000
students
trained in
all courses
PRO.DI.BUR - Enrollments per year
More than
110,000
enrollments
17,256
18,000
15,237
Capital Markets Institutions
16,000
13,883
Investors
14,000
12,039
Universities
12,000
10,886
Secondary Schools
9,764
9,044
10,000
7,760
8,000
5,975
6,000
4,000
5,945
3,964
2,554
2,000
0
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Declared of educational interest both by province and national Ministries for Education.
With participants from all over the country. Participation is completely free of charge
PRO.DI.BUR
Evolution of the Program
PRO.DI.BUR Secondary Schools
9,000
Number of students
2,200
Universidades
8,000
70
1,925
Alumnos
7,000
200
6,000
175
150
5,000
125
4,000
100
3,000
75
2,000
60
1,650
50
1,375
40
1,100
30
825
20
550
10
275
50
1,000
25
0
0
2000
2001
2002
2003
2004
2005
2006
Year
2007
2008
2009
2010
2011
0
0
2001
2002
2003
2004
2005
2006
Year
2007
2008
2009
2010
2011
Cantidad de Alumnos
225
80
Cantidad de Colegios
250
Number of schools
Number of Students
Number of schools
275
PRO.DI.BUR Universities
PRO.DI.BUR
Prizes:
A contest of Theory and Practice
• Investors I (1st half of the year)
• Investors II (2nd half of the year) /
“El Gran Inversor”
2 prizes of ARS5,000 in shares,
respectively
• Secondary Schools
ARS30,000 to buy books and
educational material
• Universities and Boards of
Netbooks
Professionals
With the sponsorship of all the institutions of the
Argentine Securities Market
PRO.DI.BUR
Investors Profile
Have you ever invested in capital markets?
Yes
32%
Participants per age group
48 to 59
10%
n/d
9%
+ 60
5%
n/a
5%
18 to 25
23%
37 to 47
18%
No
59%
26 to 36
39%
Some results from the questionnaires answered voluntarily by participants between 2007 and 2011:
• 19,861 enrolled participants.
• All the provinces were represented: 31% of the participants live in a province.
• 62% of the participants are between the 18 and 35 year-age group.
• Almost 59% have never invested in securities (67% in 2007 and 62% in 2009).
PRO.DI.BUR
Professionals, students and employees have a similar participation in total
enrollment.
Media channels used to learn about PRO.DI.BUR
Others
15%
Radio
5%
TV
2%
Newspapers
and
Magazines
9%
Internet
69%
Participants by occupation
Professional
33%
Others
14%
Housewife
2%
Employee
27%
Student
24%
Internet and the newspapers are the main media channels by which
participants learn about PRO.DI.BUR.
www.iamc.sba.com.ar