PORTFOLIO MANAGEMENT
FIN5PMT
2018
Credit points: 15
Subject outline
This 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 Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Managing investment portfolios: a dynamic process (3rd ed.) | Prescribed | Maginn, J., Tuttle, D., McLeavey, D., and J. Pinto | JOHN 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 (Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
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 (Writing,Speaking,Quantitative Literacy)
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 (Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
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 (Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Subject options
Select to view your study options…
Melbourne, 2018, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorXiangkang Yin
Class requirements
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.
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.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 3-hour final examination | Multiple choice and short answer questions. This assessment will report of the Graduate Capabilities of Writing and Discipline specific knowledge | 60 | 01, 02, 03, 04 |
| one 60-minute mid semester test | Multiple choice questions. This assessment will report of the Graduate Capabilities of Critical thinking and Creative problem solving | 20 | 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 40% to the mark of the group assignment. Each group also needs to submit a 1000-word (per student) performance report as the 2nd component of the assessment. This contributes 60% to the mark of the group assignment. This assessment will report on the Graduate Capabilities of Speaking, Quant | 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
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.
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.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 3-hour final examination | Multiple choice and short answer questions. This assessment will report of the Graduate Capabilities of Writing and Discipline specific knowledge | 60 | 01, 02, 03, 04 |
| one 60-minute mid semester test | Multiple choice questions. This assessment will report of the Graduate Capabilities of Critical thinking and Creative problem solving | 20 | 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 40% to the mark of the group assignment. Each group also needs to submit a 1000-word (per student) performance report as the 2nd component of the assessment. This contributes 60% to the mark of the group assignment. This assessment will report on the Graduate Capabilities of Speaking, Quant | 20 | 01, 02, 03, 04 |