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Regular version of the site
Bachelor 2021/2022

Investment Portfolio Management

Area of studies: Economics
When: 4 year, 1-4 module
Mode of studies: distance learning
Open to: students of one campus
Language: English
ECTS credits: 10

Course Syllabus

Abstract

Pre-requisites: Microeconomics, basic calculus and probability theory, linear algebra, Principles of banking and finance. Investment Management is a year-long course for 4th year students at ICEF. The course is taught in English. The External Programme of the London University offers an examination in this subject.
Learning Objectives

Learning Objectives

  • provide an overview of institutional details linked to financial markets and the trading process
  • provide an overview of historical trends and innovations in financial instruments and trading processes
  • provide an overview of various financial instruments
  • provide insight into the use of finance theory in investment management
  • provide a guide to the measurement and analysis of risk of financial investments
  • provide a guide to the measurement of performance of fund management
  • address key issues in risk management
Expected Learning Outcomes

Expected Learning Outcomes

  • Aptly define immunisation strategies and highlight their main applications in detail
  • Briefly recall important historical trends in the innovation of markets, trading and financial instruments
  • Competently identify established risk management techniques used
  • Contrast key characteristics of given financial instruments
  • Define market microstructure and evaluate its importance to investors
  • Discuss measures of portfolio risk-adjusted performance in detail and critically analyse the key challenges in employing them
  • Explain the fundamental drivers of diversification as an investment strategy for investors
  • List given types of financial instruments and explain how they work in detail
  • Name key facts related to the historical return and risk of bond and equity markets
  • Relate key facts of the managed fund industry
  • • To apply financial economic theory to investment problems
  • • To be able to engage in financial markets and the trading process
Course Contents

Course Contents

  • Financial markets and instruments
  • History of financial markets
  • Active Fund Management and Investment Strategies
  • Market Microstructure
  • Diversification
  • Portfolio immunization
  • Risk and performance measurement
  • Risk management
Assessment Elements

Assessment Elements

  • non-blocking Homework sem 1
  • non-blocking Participation in lectures and practice sessions sem 1
  • non-blocking Homework (whole year)
  • non-blocking Participation in lectures and practice sessions (whole year)
  • non-blocking First term exam
    Online format.
  • blocking Final exam
  • non-blocking UoL exam
    UoL exam is not included in the overall grade.
Interim Assessment

Interim Assessment

  • 2021/2022 1st module
  • 2021/2022 2nd module
    0.7 * First term exam + 0.15 * Homework sem 1 + 0.15 * Participation in lectures and practice sessions sem 1
  • 2021/2022 3rd module
  • 2021/2022 4th module
    0.5 * Final exam + 0.2 * First term exam + 0.15 * Homework (whole year) + 0.15 * Participation in lectures and practice sessions (whole year)
Bibliography

Bibliography

Recommended Core Bibliography

  • Brunnermeier, M. K. (2001). Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780198296980
  • Lo, A. W. (2010). Hedge Funds : An Analytic Perspective - Updated Edition (Vol. Rev. and expanded ed). Princeton: Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=350096

Recommended Additional Bibliography

  • Financial markets and corporate strategy, Grinblatt, M., 2002
  • Investments, Bodie, Z., 2005