This course provides students with the theory, the methods, and the intricacy of Investment. The course provides students with a range of investment concepts and ideas that can be applied in decision-making in real investment/ business situations. It acquaints students with the concepts of portfolio analysis in the general area of institutional investment management. Students will learn how to determine the best investment decision through a systematic assessment of the pros and cons.

Part 1 Background, Basic Principles, and Investment Policy
• The Process of Portfolio Management
• Valuation, Risk, Return, and Uncertainty
• Setting Portfolio Objectives
• Investment Policy

Part 2 Portfolio Construction
• The Mathematics of Diversification
• Why Diversification is a Good Idea
• International Investment and Diversification
• The Capital Markets and Market Efficiency
• Picking the Equity Players
• Equity Valuation Tools
• Security Screening
• Bond Pricing and Selection
• The Role of Real Assets
• Alternative Assets

Part 3 Portfolio Management
• Revision of the Equity Portfolio
• Revision of the Fixed-Income Portfolio
• Principles of Options and Option Pricing
• Option Overwriting
• Performance Evaluation
• Fiduciary Duties and Responsibilities

Part 4 Portfolio Protection and Emerging Topics
• Principles of the Future Market
• Benching the Equity Players
• Removing Interest-Rate Risk
• Integrating Derivative Assets and Portfolio Management
• Contemporary Issues in Portfolio Management

English

Around 13 Weeks

Zvi Bodie, Alex Kane & Alan J.Marcus. Essentials of Investment, McGraw Hill

* Students are required to purchase the textbook on their own.