Бакалавриат
2024/2025
Управление инвестиционным портфелем
Статус:
Курс обязательный (Международная программа по экономике и финансам)
Направление:
38.03.01. Экономика
Кто читает:
Международный институт экономики и финансов
Где читается:
Международный институт экономики и финансов
Когда читается:
4-й курс, 1-4 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для своего кампуса
Преподаватели:
Димова Елена Анатольевна,
Качалов Дмитрий Александрович,
Кирьянов Владислав Владимирович
Язык:
английский
Кредиты:
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.
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
- provide an overview of institutional details linked to financial markets and the trading process, define market microstructure and evaluate its importance to investors
- evaluate the investment attractiveness of the main financial assets to be included in the investment portfolio using quantitative and/or qualitative methods and considering their (methods) limitations
- сalculate and interpret the value and returns of security market indexes, discuss how they are used in investment management industry
- provide insight into the use of finance theory in investment management
- apply the principles of portfolio planning and construction to develop an investment policy statement depending on the type of investor and his individual characteristics
- develop investment strategies for portfolio management, taking into account regulatory aspects, risk budgeting, and other restrictions, identify investment opportunities globally
- calculate and interpret the main indicators for evaluating the effectiveness of portfolio management and analyzing the results obtained in comparison with the selected benchmark
- implement the risk management techniques
- analyze and interpret domestic and foreign statistics, economic and financial market indicators relevant for making investment decisions, identify global trends
- provide a critical view on the financial markets’ evolution process, recent fintech innovations & trends
- refer to sources of information, collect initial data, systematize information and present information in a visual form
Course Contents
- Introduction to the course. The Investment Setting & Issues.
- Securities Markets: How Securities are Traded
- Security Market Indexes and Index Funds
- Instruments: Overview of Investment Characteristics
- Fund Management and Investment
- Economic and Market Analysis for Investment
- Dynamics and Evolution of Financial Markets
- Market Efficiency and Behavioral Finance
- Global Investing & International Diversification
- Efficient Diversification
- Capital Asset Pricing Models & Arbitrage Pricing Theory
- Equity Portfolio Management
- Managing Bond Portfolios
- Risk and Performance Measurement
- Risk Management
- The Investment Management Process
- ESG Investing
Assessment Elements
- Class assignments, quizzes, attendance, activity & participation
- 1st semester written assessment (covering the topics of the 1-2 modules)
- Final Exam (covering the topics of the 3-4 modules)In order to get a passing grade for the course, the student must sit (all parts) of the final examination
- Homework Assignments (1-4 modules)
Interim Assessment
- 2024/2025 4th module0.29 * 1st semester written assessment (covering the topics of the 1-2 modules) + 0.12 * Class assignments, quizzes, attendance, activity & participation + 0.4 * Final Exam (covering the topics of the 3-4 modules) + 0.19 * Homework Assignments (1-4 modules)
Bibliography
Recommended Core Bibliography
- CAIA Association, Donald R. Chambers, Hossein B. Kazemi, & Keith H. Black. (2020). Alternative Investments : An Allocator’s Approach. Wiley.
- Dempsey, M. (2020). Investment Analysis : An Introduction to Portfolio Theory and Management. London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2278900
- Herbert B. Mayo. (2020). Investments: An Introduction, Edition 13. Cengage Learning.
- Pagdin, I., & Hardy, M. (2017). Investment and Portfolio Management : A Practical Introduction (Vol. 1st). London: Kogan Page. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1621031
- Redhead, K. (2008). Personal Finance and Investments : A Behavioural Finance Perspective. London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=237524
- Stewart, S. D., Piros, C. D., & Heisler, J. (2019). Portfolio Management : Theory and Practice (Vol. Second edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2091393
Recommended Additional Bibliography
- Alexander, G. J., Sharpe, W. F., & Bailey, J. V. (2012). Fundamentals of investments. Slovenia, Europe: Prentice Hall. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.C1BEBDC4
- Filbeck, G., & Baker, H. K. (2013). Alternative Investments : Instruments, Performance, Benchmarks, and Strategies. Hoboken: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=561429
- Kazemi, H., Black, K. H., CAIA Association, & Chambers, D. R. (2016). Alternative Investments : CAIA Level II (Vol. Third edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1358585
- Th’eo Roncalli, Th’eo Le Guenedal, Fr’ed’eric Lepetit, Thierry Roncalli, & Takaya Sekine. (2020). Measuring and Managing Carbon Risk in Investment Portfolios. Papers.
- Weiss, D. M. (2014). Derivatives : A Guide to Alternative Investments. New York, New York: Portfolio. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1126741