Even though a day in the life a portfolio manager is diverse, one constant is checking the status of the financial markets and staying on crown of current events. A portfolio manager will meet on a regular basis with his or her analysts in order to discuss market developments and the trends of relevant current events. Since a portfolio manager's day is dictated by the start of the financial markets, they by and large tend to be one of the very first employees into the office in the morning.
A portfolio manager directs all of the trades the fund or portfolio makes during the day by making concluding decisions on the securities involved. He or she meets with analysts that have conducted research on different kinds of securities and the institutions that have issued them. Based on their recommendations, the portfolio manager makes the decisive decisions of what securities to buy or sell. Some asset management styles, such as growth portfolios or funds, have an elevated security turnover than others, such as value management.
In addition to meeting with the analysts on staff and monitoring the markets and current events, a portfolio manager has lots of other responsibilities to attend to. Portfolio managers frequently meet with high-level investors, or potential investors, in person or over the phone. In addition, portfolio managers of large funds often carry out interviews with the financial media such as The Wall Street Journal, The Financial Times or CNBC. While they over and over again only give an overview of current economic conditions, appearing in the financial media provides publicity for the investment vehicles they manage as well as the firms which they represent.
A day in the life of a portfolio manager is packed with challenge, but also offers financial and intellectual reward. It begins early and a lot ends late, but in-between those times laid many interesting challenges and opportunities. If you are extremely analytical and have a love of the financial markets and the ever-changing world of current events, a career as a portfolio manager possibly will be for you.
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