Learning objectives
The first part of the course will examine the principles which must govern the choice of individual investments by an investor, related evaluation criteria and operational techniques. The analysis is developed for both stocks and bonds as well as derivative instruments.During the second part, the course will examine the principles that must govern the composition and management of financial portfolios.
Prerequisites
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Course unit content
Financial markets
Analysis of investments in fixed- and variable-coupon bonds
Term structure
Corporate bonds
Analysis of stock investments
Risk assessment in stock investment
Technical analysis
Money Management.
Markowitz portfolio selection theory
Capital Asset Pricing Model
Arbitrage Pricing Theory
Stock and bond portfolio management strategies
Benchmarks: principal functions and characteristics.
Strategies of benchmarking: Index funds vs. ETF
Active and semi-active strategies
Performance assessment
Delta hedging
Analysis of management styles
Full programme
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Bibliography
Gandolfi G., Scelta e gestione degli investimenti finanziari, Bancaria Editrice, Roma, 2009.
Teaching methods
Oral lesson and case studies
Assessment methods and criteria
The exam will be a written exam requiring registration as provided for by faculty regulations. Candidates may, however, choose to sit the exam in oral form.
Other information
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