Portfolio Management 2022-23
Bangor Business School
Module - Semester 2
Shee Yee Khoo
Common investment philosophies and approaches to investment risk; The strategies of investment funds, e.g. mutual funds, pension funds, hedge funds and sovereign wealth funds; Strategic and tactical asset allocation; Links between market efficiency and active/passive portfolio management; Benchmarking, performance measurement and attribution; Testing for excess returns: theory, methodologies and findings; The implementation of trading strategies e.g. high frequency trading and algorithmic trading.
-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
-good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
-excellent -A- to A+ (70%+): Outstanding Performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
-another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
- Apply appropriate techniques to measure and interpret the performance and the risk associated with investment strategies.
- Articulate the theoretical rationale proposed in the academic literature for the apparent excess returns arising from some investment strategies.
- Critically analyse investment strategies relating to mutual funds, pension funds, hedge funds, sovereign wealth funds and algorithmic trading.
- Critically analyse theoretical and empirical perspectives relating to market efficiency, active and passive portfolio management.
- Critically evaluate common investment philosophies including value investing, growth investing, and small-cap investing, and the related empirical evidence.
- Explain key concepts relating to investment strategies and asset allocation.
Create a portfolio for securities and compare its performance to the benchmark. The students are required to consider the asset allocation in the portfolio, to choose an appropriate benchmark that will be used to compare the performance of a portfolio, and to calculate the performance of the portfolio and compare it to the performance of the benchmark.