Module Specifications..
Current Academic Year 2024 - 2025
Please note that this information is subject to change.
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Description This course is designed as a complement to the course in portfolio theory with a view to introducing students to the practical aspects of institutional portfolio management. | |||||||||||||||||||||||||||||||||||||||||
Learning Outcomes 1. Identify the key portfolio management techniques used within the modern fund management industry. 2. Critically assess the risks and expected rewards associated with different types of institutionally managed portfolios and funds. 3. Appreciate the distinct differences in passive management and active management strategies. 4. Capability to measure and appraise investment performance on a risk-adjusted basis. | |||||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
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Indicative Content and Learning Activities
Passive Management Strategies and Immunizing PortfoliosMethods of immunizing bond portfolios; single and multiple liabilities; convexity; immunisation risk.Index FundsChoosing the best method of indexation, problems relating to the compilation and maintenance of index funds; accessing overseas markets through passive strategies.Active management strategiesSearching for market inefficiency; strategies for adding value over index performance; combining a core fund with satellite active management portfolios, specialty management; using stock index futures and options; options on futures; currency hedging for overseas portfolios; bond switches.Asset AllocationPortfolio diversification, methods of evaluating and comparing investment markets; e.g. multi-scenario projections, risk premiums, the reverse yield gap; portfolio insurance, hedging portfolios with capital protection strategies; asset allocation in passive portfolios; considering transactions costs.Investment performance appraisalMeasures of analysing investment performance, comparison with investment objectives, frequency of appraisal, time horizon over which performance should be judged; analysis of performance.Property ManagementReal property as an investment medium, property in the portfolio context, property portfolio construction and management, international property in the portfolio: opportunities and problems. | |||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources None | |||||||||||||||||||||||||||||||||||||||||
Programme or List of Programmes
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