PORTFOLIO MANAGEMENT

FIN5PMT

2018

Credit points: 15

Subject outline

ThisĀ unit seeks to provide a structured approach to portfolio management. This approach includes researching ideas, forecasting exceptional returns, constructing and implementing portfolios and observing and refining their performance. The approach draws on theories of asset pricing such as the Capital Asset Pricing Model, as well as a range of statistical tools for its structure and intuition. Particular attention is given to managing portfolio risk and portfolio performance evaluation and attribution.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorXiangkang Yin

Available to Study Abroad StudentsYes

Subject year levelYear Level 5 - Masters

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsManaging investment portfolios: a dynamic process (3rd ed.)PrescribedMaginn, J., Tuttle, D., McLeavey, D., and J. PintoJOHN WILEY & SONS: NEW JERSEY, 2007

Graduate capabilities & intended learning outcomes

01. Analyse the relative merits of passive versus active portfolio management

Activities:
Lectures, portfolio simulation project
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Personal and Professional Skills

02. Develop an understanding of the financial and mathematical theory on which the practice of passive and active portfolio management is founded;

Activities:
Lectures, tutorials, midterm and final exams
Related graduate capabilities and elements:
Literacies and Communication Skills

03. Develop the analytical thinking required to apply financial theory and skills to solving actual portfolio management problems on the one hand and to analyse empirical and theoretical problem in a scholarly manner on the other.

Activities:
Lectures, portfolio simulation project, midterm and final exams
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Personal and Professional Skills

04. Develop the practical skills required to construct, manage and analyse the performance of a portfolio of financial assets, subject to the objectives of the owner;

Activities:
Lectures, tutorials, portfolio simulation project
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Personal and Professional Skills

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorXiangkang Yin

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 11 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
one 3-hour final examinationmultiple choice and short answer questions60 01, 02, 03, 04
one 60-minute mid semester testmultiple choice questions20 01, 02, 03, 04
portfolio simulation project (group assignment) (1500 words equivalent)There are two components in this assessment. The first component (trading performance, i.e., profit/loss) contributes 50% to the mark of the group assignment. Each group also needs to submit a 1500-word performance report as the 2nd component of the assessment. This contributes 50% to the mark of the group assignment.20 01, 02, 03, 04

Melbourne, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJing Zhao

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Tutorial Week: 32 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
one 3-hour final examinationmultiple choice and short answer questions60 01, 02, 03, 04
one 60-minute mid semester testmultiple choice questions20 01, 02, 03, 04
portfolio simulation project (group assignment) (1500 words equivalent)There are two components in this assessment. The first component (trading performance, i.e., profit/loss) contributes 50% to the mark of the group assignment. Each group also needs to submit a 1500-word performance report as the 2nd component of the assessment. This contributes 50% to the mark of the group assignment.20 01, 02, 03, 04