Registry
Module Specifications
Archived Version 2009 - 2010
Module Title |
Fund Management
|
Module Code |
EF508
|
School |
DCUBS
|
Online Module Resources
|
Level |
5
|
Credit Rating |
5
|
Pre-requisite |
None
|
Co-requisite |
None
|
|
Module Aims
|
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
|
This module builds on the theory of portfolio management to provide students with the skills to manage portfolios or securities in an institutional setting.
|
Indicative Time Allowances
|
|
Hours
|
Lectures |
36
|
Tutorials |
0
|
Laboratories |
0
|
Seminars |
0
|
Independent Learning Time |
39
|
|
|
Total |
75
|
Placements |
|
Assignments |
|
|
NOTE
|
Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module.
|
Indicative Syllabus
|
Passive Management StrategiesImmunizing portfolios: methods of immunizing bond portfolios; single and multiple liabilities; convexity; immunisation risk.Index funds: choosing 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
|
Assessment | Continuous Assessment | 30% | Examination Weight | 70% |
|
Indicative Reading List
|
Farrell, J.L. Portfolio Management, Theory and Application McGraw Hill 1997Brown, G.R., Property Investment and Capital Markets E & F Spon 1991
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Programme or List of Programmes
|
MIT | MSc in Investment and Treasury |
MITB | MSc in Investment, Treasury & Banking |
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