Description
This course is about the fundamentals of portfolio management. The students will learn the essential notions of Modern Portfolio Theory, various alternative capital asset pricing models, and how to use them in risk and return estimation, security selection, and other practical applications. We will also discuss how market risks can be measured and managed in a portfolio setting. We will examine the main tenets of active portfolio management, including benchmarking and performance management. We will also discuss the concept of market efficiency and related behavioral finance theories. Finally, we will talk about ethics in the investment profession as an important industry standard.
Will be interesting for
- Analysts in banks, investment companies and other financial institutions and departments.
- Analysts in non-profit research organizations and journalists, who monitor and study financial markets
- Students of economic, financial and mathematical study programs
After course completion, you will be able to
- Describe the portfolio approach to investing;
- Describe the steps in the portfolio management process;
- Describe types of investors and distinctive characteristics and needs of each;
- Explain the selection of an optimal portfolio;
- Describe and demonstrate applications of major asset pricing models;
- Describe what active portfolio management is and how it is measured;
- Explain the concept of market efficiency, describe alternative efficient market hypotheses, their tests and stylized empirical results.
- Describe stylized information processing and behavioral biases, and their implications for technical and fundamental security analysis.
- Describe the main ethical principles in the investment profession.
Prerequisites:
Basic knowledge of calculus (systems of linear equations, derivatives, optimization) and mathematical statistics and econometrics (the concepts of expected value, variance, standard deviation, probability and probability distribution, properties of normal distribution, linear regression, basic tests of means and significance of coefficients)
Faculty:
Olesia Verchenko – Olesia Verchenko PhD in Economics from the University of Virginia (USA)
Language
English
Education format
Online
Start
Monday, March 6 through Friday, 28 April 2023
Price
10 000 uah
Course outline
1. Overview of Portfolio Management
2. Modern Portfolio Theory
3. The Capital Asset Pricing Model
4. Multifactor Models
5. Measuring and Managing Market Risk
6. Active Portfolio Management
7. Market Efficiency
8. ESG
9. Ethics in investment profession
