30180 - EQUITY PORTFOLIO MANAGEMENT
Department of Finance
Course taught in English
Go to class group/s: 31
CLEAM (6 credits - I sem. - OP | SECS-P/01) - CLEF (6 credits - I sem. - OP | SECS-P/01) - CLEACC (6 credits - I sem. - OP | SECS-P/01) - BESS-CLES (6 credits - I sem. - OP | SECS-P/01) - WBB (6 credits - I sem. - OP | SECS-P/01) - BIEF (6 credits - I sem. - OP | SECS-P/01) - BIEM (6 credits - I sem. - OP | SECS-P/01) - BIG (6 credits - I sem. - OP | SECS-P/01) - BEMACS (6 credits - I sem. - OP | SECS-P/01)
Course Director:
ANDREA BELTRATTI
ANDREA BELTRATTI
Mission & Content Summary
MISSION
The topics covered are relevant to understand how to manage an equity portfolio, considering various issues such as risk and return, risk premia, active/passive portfolio management. This is the only course in the undergrad finance program with a specific focus on equity. The course explores various ideas/ tools that are useful in the asset/ wealth management industry
CONTENT SUMMARY
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Introduction
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The risk-free rate and the risk premium |
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Return distributions and risk |
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Value at Risk |
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Introduction to the index model |
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Interpreting regression output |
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The efficient market hypothesis, the random walk and predictive regressions |
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Time-varying risk and predictability |
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Anomalies |
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Behavioral finance and behavioral biases |
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Limits to arbitrage and market efficiency |
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Empirical evidence on security returns: time series predictability |
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Portfolios and cross sectional predictability |
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The identification of macroeconomic and market factors |
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The small firm and value effects |
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Empirical evidence on anomalies |
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The Fama-French model |
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The equity premium puzzle |
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Performance evaluation I |
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Performance evaluation II |
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International diversification and portfolio diversification |
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Emerging markets |
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Active strategies and long-short strategies |
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Hedge funds |
Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
Students will acquire knowelde relative to understaning the meaning of an equity portfolio, together with the main practical tools to make decisions about it with the purpose of reducing risk and maximizing expected returns
Students will understand the typical ativities carried out in an asset management firm and in private banking
APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
Students will be able to look at their own individual portfolio and better understanding, chenging the structure in order to achieve their targets. They will have necessary understanding to start working in the asset management industry and also in the private banking industry.
Teaching methods
- Face-to-face lectures
- Online lectures
- Guest speaker's talks (in class or in distance)
- Exercises (exercises, database, software etc.)
DETAILS
online lectures are given when it is not posible to acces to the classroom.
there are 2-3 guest spekares talks given by professionals in the asset/ wealth management industry.
several exercizes are covered in class.
Assessment methods
| Continuous assessment | Partial exams | General exam | |
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x |
ATTENDING AND NOT ATTENDING STUDENTS
100% weight on final exam. The final exam during COVID-19 times will usually last 30 minutes and include a set of 15-20 multiple choice questions that require understanding of the main elements of the course
Teaching materials
ATTENDING AND NOT ATTENDING STUDENTS
several chapters from the "Investments" textbook by Bodie, Kane and Marcus (McGraw Hill publisher) are used in the course
Last change 25/08/2021 15:57