FM406 Half Unit
Topics in Portfolio Management
This information is for the 2013/14 session.
Teacher responsible
Dr Michela Verardo OLD 4.24
Availability
This course is available on the MSc in Finance (full-time), MSc in Finance (part-time) and MSc in Finance and Private Equity. This course is not available as an outside option.
Pre-requisites
Students must have completed Asset Markets (FM423) and Corporate Finance (FM422).
Course content
This course aims to cover the main topics in equity portfolio management, with a strong focus on empirical applications. Some of the topics covered in the course include: Portfolio optimization techniques; Multi-factor models and their applications; Trading strategies; International portfolio management and currency hedging; Trading costs; Portfolio performance measurement and attribution; Style analysis; Mutual funds; Hedge funds. The course is based on a number of empirical applications and case studies, so that students can gain a better understanding of implementation issues related to managing an equity portfolio.
Teaching
30 hours of lectures in the MT. 30 hours of lectures in the LT.
MSc Finance (part-time): taught MT (evenings). MSc Finance (full-time): taught LT (daytime).
Formative coursework
Regular classworks will be completed, handed in and marked as part of formative assessment for this course.
Indicative reading
A study pack will include lecture notes and case studies. All relevant articles will be made available during the course. Useful references are Modern portfolio theory and investment analysis, by E. J. Elton, M. J.Gruber, S. J. Brown, and W. N. Goetzmann, Wiley Press; Investments, by Z. Bodie, A. Kane, and A. Marcus, McGraw-Hill Irwin; Modern investment management, by Bob Litterman and the Quantitative Resource Group, GSAM, Wiley Press.
Assessment
Exam (90%, duration: 2 hours) in the main exam period.
Coursework (10%) in the MT and LT.
Key facts
Department: Finance
Total students 2012/13: 72
Average class size 2012/13: 17
Value: Half Unit
Personal development skills
- Application of information skills
- Application of numeracy skills
- Commercial awareness