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Course Syllabus

Бакалавриат 2024/2025

Управление инвестиционным портфелем

Статус: Курс по выбору (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

Full 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

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

  • 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

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

Assessment Elements

  • non-blocking Class assignments, quizzes, attendance, activity & participation
  • non-blocking 1st semester written assessment (covering the topics of the 1-2 modules)
  • blocking 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
  • non-blocking Homework Assignments (1-4 modules)
Interim Assessment

Interim Assessment

  • 2024/2025 4th module
    0.29 * 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

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

Authors

  • Dimova Elena Anatolevna