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Kit de analista de inversiones

Informe de análisis de renta variable, comparables, informe de valoración por DCF y múltiplos, análisis crediticio de bonos y memorando al comité de inversiones.

Paso 1

Exploración y ajuste al estándar

  1. Equity Research Report Template (Reg AC, MAR Art. 20)

    Completa

    Initiation report: key data, thesis, business, industry, financials, forecasts, valuation and target price, risks, ESG, Reg AC and MAR disclosures

    Regulation AC (17 CFR 242.500-505); MAR Art. 20; Delegated Reg (EU) 2016/958

  2. Comparable Companies Analysis Template (Trading Comps)

    Completa

    Trading comps study: peer screen, conventions, calendarisation, EV build, multiples, statistics and outliers, positioning, implied range, football field

    Market practice; IVS 103 market approach (structure aligned, number only)

  3. Stock Pitch Template (Long or Short Equity Idea)

    Completa

    Recommendation and target, three-point thesis, variant perception, catalysts, bull/base/bear scenarios with KaTeX expected value, risks, sizing, exit triggers

    Buy-side practice; EU MAR Art. 20; SEC Regulation AC

  4. Performance Attribution Report Template (Brinson)

    Completa

    Returns vs benchmark, Brinson-Fachler and BHB effects, Carino linking, currency and fixed income attribution, Sharpe, IR, tracking error, factors

    Brinson-Fachler (1985) and Brinson-Hood-Beebower (1986) attribution; Carino linking

  5. Research and Soft Dollar Policy Template

    Completa

    Research payment policy: Section 28(e) three-step test, mixed-use allocation, CSA budget and broker vote, MiFID II research options after the Listing Act

    Exchange Act Section 28(e); SEC Release 34-54165; MiFID II Art. 24 as amended by Directive (EU) 2024/2811; Delegated Directive (EU) 2017/593 Art. 13
Paso 2

Evaluación y seguridad

  1. Valuation Report Template (DCF, Comparables, Precedent Transactions)

    Completa

    Business valuation: standard of value, normalisation, forecast, DCF and WACC, trading comps, precedents, asset approach, sensitivity, reconciliation

    IVS (effective 2025-01-31), structure aligned; IFRS 13 and ASC 820 by name

  2. Bond Credit Analysis Template (Investor Credit Memo)

    Completa

    Investor bond credit view: internal rating, business risk, ratios, stress, liquidity, recovery waterfall, covenants, yield, duration, spread vs expected loss

    EU CRA Regulation 1060/2009 Art. 5a; CRD (Directive 2013/36/EU) Art. 77; Dodd-Frank s.939A
Paso 3

Decisiones

  1. Investment Committee Memo Template

    Completa

    IC decision record: decision requested, thesis, mandate fit and limits, scenario expected return, sizing and liquidity, diligence, ESG, conflicts, minuted vote

    17 CFR 275.204-2 (adviser records); MiFID II Art. 16(6) and Delegated Reg 2017/565 Art. 72-76; AIFMD Art. 14-15 (as amended by Directive (EU) 2024/927)