ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Portfolio Management
Code MGTK755
Coordinator Dr M Stamatogiannis
Finance and Accounting
M.Stamatogiannis@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Whole Session 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours           24

4

28
Timetable (if known)              
Private Study 122
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Group video presentation Reassessment Opportunity: individual assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No  10 minutes    30       
Individual essay Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes  -2500 words    70       

Aims

The module aims to:

Provide students with the knowledge required to explain and apply the portfolio approach to investing;

Provide students with the knowledge and skills required to calculate and interpret the mean, variance, and covariance of asset returns;

Enable students to understand risk aversion and its implications for portfolio selection;

Enable students to understand the broad implications of Environmental Social and Government (ESG) ratings on portfolio selection;

Provide students with the knowledge required to explain the selection of an optimal portfolio, given an investor’s utility (or risk aversion) and the capital allocation line;

Provide students with the knowledge and skills required to analyse and interpret the capital asset pricing model;

Provide students with the knowledge required to explain the implications of combining a risk-free asset with a portfolio of risky assets;

Enable students to understand and ap ply the principles of portfolio construction.


Learning Outcomes

(LE1) Flexible and adaptable.
Students will understand that the finance sector is fast-changing and influenced significantly by worldwide events as well as technological advancements. The module will equip students with techniques, knowledge and confidence required to face these challenges through the use of varied learning and assessment methods used, such as case studies.

(LE2) A team player.
Some assessed work will require students to work in virtual groups and manage the interaction and relationships with other group members. In doing so, they will gain experience in negotiation, persuasion, influencing and managing conflict. This will be assessed as part of group assignments.

(LE3) Internationally aware.
Our teaching and research community is drawn from around the world and our students are exposed to business ideas and cultures from beyond the UK. Furthermore, online delivery will enable a collaborative approach with other practitioners from diverse international backgrounds, enabling a richer experience.

(LO1) Students will be able to demonstrate a systematic understanding, knowledge and critical awareness of the nature, concepts and construction of portfolios, having regard for the type of investor.

(LO2) Students will be able to demonstrate the creative application of knowledge, understanding and techniques underlying portfolio management strategies including risk management strategies in uncertain contexts.

(LO3) Students will be able to demonstrate a conceptual and practical understanding of performance evaluation of portfolios at the forefront of current practice.

(LRE1) A problem solver.
Students will be challenged to think critically about portfolio management issues and dilemmas. They will do this by gathering and synthesising information, analysing alternative perspectives and options and presenting a considered opinion or course of action in their assessment.

(LRE2) Numerate.
Students will be required to demonstrate a good level of numerical application across the syllabus through the assessments set.

(LRE3) Commercially aware.
The subject matter will be delivered by reference to real-world events. Students will be required to demonstrate the implications and impacts of these events on these subject areas. Students will also be required to share their commercial experiences in group tasks, where appropriate.

(LRE4) Organised and able to work under pressure.
Students will be expected to plan scheduled work and meet assessment deadlines. This will be evident in the students’ independent management of their assignments and assessment deadlines.

(LRE5) An excellent verbal and written communicator.
Students will have opportunities to develop written and oral communication skills through virtual group discussions, online presentations and coursework.

(LRE6) IT literate.
Students will have opportunities to improve their IT skills. Students will demonstrate skills in the use of software applications including word processing, visual presentations, databases, spreadsheets and using the internet for information searches in the course of researching and presenting coursework. The nature of the module in terms of online delivery will enable students to develop skills in using a virtual learning/communications environment.

(LRE7) A lifelong learner.
The module will embed key finance skills and an awareness which will continue to grow as students are exposed to future experiences in their careers.


Teaching and Learning Strategies

The module will be delivered over an 8-week period, primarily through a series of weekly e-lectures. These will be supported by individual online tasks such as formative quizzes and media clips as well as discussion boards. Discussion boards will be used to develop understanding and help students apply their learning. These will be moderated by the module instructor. Students will also be directed to key academic and practitioner readings to further develop their learning.

Unscheduled Directed Student Hours: 24 hours
Description: The e-lectures will equate to 3 hours/week over 8 weeks, undertaken asynchronously.
Attendance Recorded: Yes – tracked via the learning platform.

Students will undertake 4 hours of synchronous activity over the 8 weeks in order to appreciate the practical applications of the techniques delivered on the module. This will take place through group and individual sessions which will be moderated by the module instructor.

Sched uled Directed Student Hours: 4 hours
Description: These group and individual sessions will equate to 4 hours over 8 weeks, undertaken synchronously. The dates and times of these sessions will be provided at the start of the module. Recordings of these sessions will be made available to students who are unable to attend.
Attendance Recorded: Yes – tracked via the learning platform

Self-Directed Learning Hours: 122 hours
Description: This will involve directed and independent reading, independent research, and preparation for assessment.


Syllabus

 

Portfolio concepts.

Steps in the portfolio management process.

Mutual funds, pooled funds, and other investment products.

Portfolio risk and return.

The Capital Asset Pricing Model.

Portfolio performance appraisal.

Risk management.

Technical analysis.

Fintech in investment management.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.