CODE DU COURS / COURSE CODE MSC.FMIM2.FICOR.0045 Crédits / 4 Credits Charge de travail / Student workload Programme / Program Face à face / Contact Hours MSc Automne / Fall Distanciel / Distance learning NOM DU COURS / COURSE NAME PORTFOLIO MANAGEMENT Période d enseignement / Teaching period Autonomous Personal &/or Team work Printemps / Spring Evaluation / Evaluation Durée totale / Total Nbh : 30 Nbh : Nbh : 20 Nbh : 2 Nbh : 32 Si MS précisez / If MS, please specify : Si MSc précisez / If MSc, please specify : MSc Financial Markets and Investments Département / Department Type de cours / Course type Campus / Campus Cours ouvert aux étudiants en échanges in / Course open to students in exchange Langue d enseignement / Teaching Language Pré-requis / Prerequisite Responsable du cours / Course Coordinator Noms des Intervenant(s) par campus/ Instructor(s) Names by campus Evaluateur(s) / Evaluator(s) Finance, compta, contrôle / Finance and Accounting Commun / Core Electif / Elective Optionnel /Optional LILLE PARIS SOPHIA SUZHOU RALEIGH OUI / YES English NON / NO Advanced financial mathematics, asset valuation and fina ncial analysis, financial theory Some pre-reading from the Reilly book to be defined Groslambert LILLE OWEN WILLIAMS PARIS OWEN WILLIAMS SOPHIA SUZHOU RALEIGH Court paragraphe de présentation des grands objectifs et de la thématique Description du cours / Course description Short presentation of the course (objectives & themes) The objective is to present the various portfolio management methods with a specific focus on equity portfolio management. Financial analysis, valuation principles, management of stocks and evaluation of asset management will be studied. This course is organized like an investment committee. Each student has to follow a specific stock market for 10 weeks and little by little becomes the specialist of his/her market. Every week, using live market data extracted from Bloomberg or Reuters, three groups publish an investment report and defend their views through a short oral presentation. Theoretical concepts are applied in this context. 1 / 5
Connaissances / Knowledge and Understanding (subject specific) The student is expected to: The student is expected to conduct a financial analysis, know the fundamental of equity portfolio management. Résultats d apprentissage / Learning Outcomes Aptitudes cognitives / Cognitive/Intellectual skills (generic) The student is expected to: The student is expected to implement a top-down approach as well as a bottom-up strategy Attitudes / Key transferable skills (generic) The student is expected to: The student is expected to write investment reports and present investment strategies Compétences pratiques / Practical skills (subject specific) A l issue de la formation, l étudiant devrait être capable : The student is expected to: The student is expected to estimate the value of a quoted company and estimate the value of stock markets Contribution aux objectifs pédagogiques du programme / Contribution to learning objectives Indiquer les learning objectives auxquels contribue le cours (en se basant sur le curriculum mapping du programme) / Indicate which learning objectives the course contributes to (based on the program curriculum mapping) LO 3.2 to produce clear well organized written communication Evaluation finale (DS) / Final examination (préciser nature et % / Explain type & %) Evaluation des étudiants / Student Assessment QCM (quizz) 30% Etude de cas (Case study) % Questions (Questions) % Exercices (Exercises) % Autre (Other) % Précisez / Specify: Contrôle continu / Continuous Assessment (préciser nature et % / Explain type & %) Présentation orale (oral presentation) % QCM (quizz) 40% Dossier (file) 30% Etude de cas (case study) % Autre (other) % Précisez / Specify: QCM - Reading quizz on first day (Reilly's chapters to be communicated) as well as regular small quizzes File - produce regular investment reports basd on a portfolio simulation Format de cours / Course format Méthodes d enseignement / Teaching Methods Cours magistral / Lecture Si autre, précisez / If other please specify: Activités d apprentissage / Learning activities 2 / 5
Projet / Project Si autre, précisez / If other please specify: 2013-2014 3 / 5
Introduction (lecture 1) Introduction to portfolio management Chap.1,2,3,5 (130p.) Modern Portfolio Theory (lectures 2-4) Efficient capital markets Chap.6 (30p.) Models of risk and asset pricing models Chap.7,8 (60p.) Multifactor Models of Risk and Return Chap.9 (40p.) Plan de cours / Course plan Fundamental Analysis (lectures 5-8) The bottom-up approach Chap.10 (60p.) The top-down approach Chap.12,13 (110p.) Valuation Chap.11, 14 (110p.) The asset management industry (lecture 10) Portfolio management strategies Chap.16 (40p.) The different types of investment companies Chap.24 (45p.) Evaluation of portfolio performance Chap.25 (55p.) NB: chapters refer to Reilly & Brown 8th and 9th ed. Optionnelles / Recommended readings The Intelligent Investor : A Book of Practical Counsel, Graham, Harpercollins; ISBN: 0060155477 Bibliographie / References Lectures obligatoires / Required readings Investment Analysis and Portfolio Management, Reilly and Brown, Dryden Press Beating the Street, Lynch and Rothchild, Fireside, ISBN: 0671891634 Martin Pring's Introduction to Technical Analysis, Pring, McGraw-Hill; ISBN: 0070329338 The Warren Buffett Way : Investment Strategies of the World's Greatest Investor, Hagstrom, John Wiley & Sons; ISBN: 0471177504 Site(s) web / Web sites Modalités de délivrance du cours (par campus si différent) / Course delivery modes (per campus if different) Nombre CM Amphi / Number of Lectures Durée CM Amphi Lecture duration (in hours) Nombre TD / Number of Tutorial classes Durée TD Tutorial class duration (in hours) SOPHIA LILLE PARIS 10 3.00 CHINE RALEIGH 4 / 5
Autres (Distance learning, etc ) Other (in hours) Préciser les spécificités de programmation (TD journée, cadencement spécifique des séances) / Specify if full-day tutorial class, different schedules 2013-2014 5 / 5