Investment Analysis & Portfolio Management (DLMBCFIE02)
Kursnummer: DLMBCFIE02 |
Kursname: Investment Analysis & Portfolio Management |
Gesamtstunden: 150 h |
ECTS Punkte: 5 ECTS |
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Kurstyp: Wahlpflicht Kursangebot : WS, SS Course Duration : 1 Semester |
Zugangsvoraussetzungen: None |
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Kurskoordinator(en) / Dozenten / Lektoren: Siehe aktuelle Liste der Tutoren im Learning Management System |
Bezüge zu anderen Modulen: Siehe Modulbeschreibung |
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Beschreibung des Kurses: Security analysis, asset allocation strategies, and the optimal composition of portfolios of financial assets are some of the most important fields of advanced financial management. This course is designed to bring together investment analysis and portfolio theory and their implementation with regard to portfolio management. Topics to be covered are the theory of portfolio selection and the theory’s application, the hypotheses of efficient capital markets and the capital market equilibrium, analysis of investments and the evaluation of portfolios (or mutual funds) of common stocks, bonds, international assets, and other asset classes. Students will be directed through a broad and critical evaluation of the various investment strategies for maximizing returns and minimizing risk on portfolios. Investment analysis and portfolio management is a truly global topic. As a consequence, the course will take an international perspective, provide an insight into the global investment advisory industry, and discuss best-practice approaches around the globe. Course Objectives and Outcome: On successful completion of this course, students will be able to:
Upon completion of the course, the participants will have a solid foundation in modern portfolio theory and a good understanding of portfolio management in practice. Students will be equipped with specialist knowledge required for taking a management role in the global investment advisory industry. Teaching Methods: A variety of learning materials are offered to students: depending on the course, these include printed and online course books, vodcasts, podcasts, online tutorials, case studies, and online knowledge tests. This range of learning materials are offered to students so they can study at a time, place, and pace that best suits their circumstances and individual learning style. Course Content: 1 Introduction to Investment Analysis and Portfolio Management 1.1 Introduction, the Global Institutional Environment, the Asset Management, and Investment Advisory Industry 1.2 Financial Instruments, Derivatives, and Organization of the Securities Markets 1.3 The History of Investment Analysis 2 Portfolio Selection and the Optimum Portfolio 2.1 Mean Variance Portfolio Theory 2.2 The Characteristics of the Opportunity Set Under Risk 2.3 Efficient Portfolios and Techniques for Calculating the Efficient Frontier 2.4 Single-Index Models and Multi-Index Models 2.5 International Diversification 3 The Equilibrium in Capital Markets and Asset Pricing Models 3.1 The Equilibrium in Capital Markets and the Standard Capital Asset Pricing Model 3.2 Empirical Tests of Equilibrium Models 3.3 Extensions to the Single Factor Capital Asset Pricing Model 3.4 Multifactor Asset Pricing Models: Arbitrage Pricing Theory and Fama-French Model 4 Analysis of Securities 4.1 Macro- and Micro-Analyses of the Industries and Companies 4.2 Stock Valuation, Intrinsic Value and Market Value Determinants, Techniques of Valuation 4.3 The Analysis and Valuation of Bonds 4.4 Technical Analysis and Behavioral Finance 5 Management of Securities 5.1 Hypotheses of Efficient Capital Markets 5.2 Stock and Bond Portfolio Management Strategies, Active vs Passive Strategies 5.3 Asset Allocation Strategies 6 Investment Vehicles 6.1 Mutual Funds: Types, Industry, Participants 6.2 Hedge Funds 6.3 Private Equity Funds 7 Evaluation of the Investment Performance 7.1 Globalization and International Investing 7.2 Investment Process 7.3 Evaluation of Portfolio Performance, Sharpe Ratio, Jensen Measure, Treynor Measure, and Other Measures of Evaluating Portfolios 7.4 Evaluation of Security Analysis |
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Literatur: • Elton, E. J., Gruber, M. J., & Brown, S. J. (2014). Modern portfolio theory and investment analysis (9th ed.). New York City, NY: John Wiley & Sons. |
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Prüfungszugangsvoraussetzung: • Depending on the course: Completion of online knowledge tests (approx. 15 minutes per unit, pass / not pass) |
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Prüfungsleistung: Exam, 90 min |
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Student Workload (in hours): 150 Self-study: 90 |