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1. COURSE OBJECTIVES
This course introduces portfolio theories and tools that are used while managing a portfolio. After finishing this course, students have the knowledge on portfolio management process, investment objective setting, investment policy determination, risk and return projection, portfolio designing, asset allocation, security selection, portfolio monitoring, adjustment and evaluation. Students will know how to apply the theories into managing portfolios of different assets like stock, bond and derivative securities.
2. COURSE CONTENT
No.
Content
Time Allocation
Contri-bution to CLO
Hour(s) on the class
Essays, exercise,
Assignments
Self-study with teacher’s tutorials
Lecture
Practice, Seminar
1
Chapter 1 The Investment Setting.
2
1
1
5.5
1, 7, 8
2
Chapter 2: Risk and Return
2
1
1
5.5
2, 3, 4, 6, 7, 8
3
Chapter 3: The Asset Allocation Decision.
2
1
2
5.5
3, 4, 6, 7, 8
4
Chapter 4: Efficient Capital Markets.
2
1
1.5
5.5
3, 4, 6, 7, 8
5
Chapter 5: An Introduction to Portfolio Management.
2
2
1.5
5.5
1, 2, 4, 6, 7, 8
6
Chapter 6:An Introduction to Asset Pricing Models.
2
1
1
5.5
4, 6, 7, 8
7
Chapter 7: An Introduction to Security Valuation
2
1
2
5.5
4, 6, 7, 8
8
Chapter 8: Analysis and management of common stocks
2
1
1.5
5.5
3, 4, 6, 7, 8
9
Chapter 9: Bond Fundamentals
2
1
1.5
5.5
3, 5, 6, 7, 8
10
Chapter 10: The analysis and valuation of bonds
2
1
1.5
5.5
3, 5, 6, 7, 8
11
Chapter 11: Bond management Strategies
2
1
1.5
5.5
4, 6, 7, 8
12
Chapter 12: An introduction to derivative markets and securities
2
1
2
5.5
3, 4, 5, 6, 7, 8
13
Chapter 13: Forward-Futures-Options
2
1
1.5
5.5
3, 4, 5, 6, 7, 8
14
Chapter 14: Swaps
2
1
1.5
5.5
3, 4, 5, 6, 7, 8
15
Chapter 15: Evaluation of Portfolio Performance
2
1
1.5
5.5
3, 4, 5, 6, 7, 8
Total (hour)
30
15
22.5
82.5
3. COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
Level of class participation
The number of attendances and participation in lesson
7 - 8
10%
Mid-term Exam and/or Assignment
Knowledge achieved up to lecture 7 or 8.
Written and/or MCQ exam in 30 - 45 minutes and/or assignment
1 – 7
30%
Summative
Final test
Knowledge achieved throughout the course
MCQ and/or written exam (45 - 60 mins)
1 - 7
60%
Total:
100%
- Grading rubrics for individual’s/group’s written assignment/report
Criteria
CLO
Weighted average
Levels of Assessment
Grade
A
B
C
D
F
8,5-10
7-8,4
5,5-6,9
4,0-5,4
<4
Format
20%
All assignment format’s requirements are met with a professional look. No spelling & grammar errors; well-presented tables & graphs; and sources are adequately cited.
Assignment format has professional look but may have some format and spelling errors
Assignment has format, spelling and grammar errors. Sources are not adequately cited.
Assignment is sparsely written with many errors of format, spacing, spelling and grammar
Assignment is carelessly written with many format errors; and fails to meet format’s requirements
Writing style
20%
Writing is very clear, coherent, logically organized and interesting. Main ideas are well developed and supported throughout the paper.
Writing is good with clear ideas, but some parts are not logical.
Writing is unclear with some incoherent and vague ideas
Substandard writing which lacks logical organization. Ideas are vague with little evidence of critical thinking
Poor writing with mainly “copy and paste” ideas.
Content
50%
Content meets assignment requirements very well, and indicates the synthesis, expansion and in-depth analysis of ideas. No sign of plagiarism
Content meets assignment requirements without sign of plagiarism. However, content does not indicate the expansion of ideas.
Content basically meets assignment requirements without sign of plagiarism. But some parts of content are inadequate
Content just meets the minimum requirement of assignment, without sign of plagiarism. But the analysis is underdeveloped and unoriginal.
Content strays from the main topic; or plagiarism is over 20%
Reference
10%
A variety of sources are adequately and correctly cited.
A variety of sources are included, but there are some format errors and incorrect citations.
Sources are reasonable but lack diversity. There are quite a few format errors and incorrect citations.
Sources are lack of diversity. There are many format errors and incorrect citations.
The writing does not use adequate research reference. There are many format errors and incorrect citations.
Member contribution
*Indicates the participation, responsibility and independence
Based on peer review
Active and adequate participation. Proactively working to meet deadlines set by group.
Quite active and adequate participation. However, there is a delay in meeting group deadlines.
Not really proactive when participating. There is a delay in meeting group deadlines.
Just participate in a small part of group work. Not proactive when participating
Little or no participation. Shows no responsibility with work and often fails to meet deadlines.
Note:
Lecturer instructs group members to conduct peer review on a scale of 1 to 10, based upon the contribution of each member to group work. The grade of each member will be adjusted according to the peer review which reflects this member’s contribution and participation.