MFGV: Applied Portfolio Management

Datos generales

Tipo:	OP	Curso:	4	Periodo:	S semestre
Créditos ECTS:	4 ECTS

Profesorado:

Distribución de la carga de trabajo

Workload distribution:

Contact hours: Lectures: 24 hours & Cases: 16 hours
Autonomous and group work: 20 hours
Tutorial feedback: 5 hours

Objetivos de aprendizaje de la asignatura

The course aims to help the students to gain the knowledge required to create and manage a fixed income or equity portfolio efficiently.

Students taking this course will learn to:
- Identify the objectives and constraints of investors
- Identify the asset classes and their profit/risk profile, the optimization procedure, understanding strategic and tactical asset allocation
- Know the different techniques for active and passive (indexation, immunization, cash flow matching) fixed income portfolio management.
- Know the active equity portfolio techniques (top down, sector allocation, bottom up) and use them.
- Know the passive equity portfolio techniques and the hedging and portfolio insurance and use them.
- Understand how to evaluate the performance of a portfolio manager.

Contenidos

1. The portfolio management process and the investment policy statement.
2. The asset allocation process
3. Portfolio performance evaluation
4. Fixed income portfolio management: Active and passive techniques - I
5. Fixed income portfolio management: Active and passive techniques - II
6. Equity portfolio management: Active equity investing - Top Down
7. Equity portfolio management: Active equity investing - Bottom Up
8. Equity portfolio management: Risk management tools
9. Equity portfolio management: Passive and hedging techniques
10. Portfolio management overview and conclusions.

1. The portfolio management process and the investment policy statement.

2. The asset allocation process

3. Portfolio performance evaluation

4. Fixed income portfolio management: Active and passive techniques - I

5. Fixed income portfolio management: Active and passive techniques - II

6. Equity portfolio management: Active equity investing - Top Down

7. Equity portfolio management: Active equity investing - Bottom Up

8. Equity portfolio management: Risk management tools

9. Equity portfolio management: Passive and hedging techniques

10. Portfolio management overview and conclusions.

Relación de Actividades con Contenidos

	1	2	3	4	5	6	7	8	9	10
Case reports
Exam
Class participation

Metodología

The course is based on lectures and case study discussions. In order to prepare for the course participants will receive assigned reading material and a number of cases that will distributed throughout the course. Participants are expected to thoroughly prepare and analyse the pre-assigned reading material and cases before each class. This course has been designed as a seminar and, as such, it is fundamental that students actively participate in class discussions.

Evaluación

Actividades de evaluación

Descripción	%
Case reports	45
Exam	45
Class participation	10

Criterios de evaluación

40% Case reports (group based)
40% Exam (individual based)
20% Class participation (individual based)

Bibliografía

Basic bibliography:

John L. Maginn, Donald L. Tuttle, Jerald E. Pinto, Dennis W. McLeavey, Managing Investment Portfolios, John Wiley, Hoboken NJ, 2007.

MFGV: Applied Portfolio Management (18GBD30006)