30180 - EQUITY PORTFOLIO MANAGEMENT
CLEAM - CLEF - CLEACC - BESS-CLES - BIEMF
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) - BIEMF (6 credits - I sem. - OP | SECS-P/01)
Course Director:
ANDREA BELTRATTI
ANDREA BELTRATTI
Course Objectives
The course deals with methodologies to manage an equity portfolio. Students learn how to apply systematic methodologies to build diversified portfolios, determine expected returns, evaluate performance.
Course Content Summary
Topics:- risk, return and the historical record
- the efficient market hypothesis
- behavioral finance and technical analysis
- empirical evidence on security returns
- portfolio performance evaluation
- international diversification
- hedge funds
- the theory of active portfolio management
Detailed Description of Assessment Methods
Written, with partial exam. Evaluation will include active participation in class. Students may volunteer, alone or in small groups, to present to the class an empirical project of their choice regarding a stock-picking strategy. In the case of excess demand by students the option will be reserved to those who ranked higher in the partial exam
Textbooks
Z. BODIE, A. KANE, A.J.MARCUS, Investments and portfolio management, Mc Graw Hill, ninth edition, 2012, chapters 5, 11, 12, 13, 24, 25, 26, 27.
Prerequisites
Students are supposed to have basic knowledge of mathematics, statistics (linear regressions) and finance (the Markowitz optimization model, the Capital Asset Pricing Model and the Arbitrage Pricing Theory). Ideally, students should have already taken a course in Investments or Financial Economics.
Last change 07/06/2013 10:05