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 BLIM505
Coordinator Dr M Bevilacqua
Finance and Accounting
M.Bevilacqua@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2023-24 Level 7 FHEQ Second Semester 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 20

 5

         25
Timetable (if known)              
Private Study 125
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment.  150    100       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Quiz. This is an anonymous assessment.  1    0       
Quiz. This is an anonymous assessment.  1    0       

Aims

To explain and demonstrate the use of portfolio management, including return and risk measurement, portfolio planning, and portfolio construction.

Learning Outcomes

(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 conceptual and practical understanding of the understanding of performance evaluation of portfolios at the forefront of current practice.

(S1) Adaptability
Students will be able to adapt different portfolio management concepts and theories according to the environment, market and country which are considered.

(S2) Problem solving
Students will be able to dynamically assess the different problems/questions posed to them which will resemble real-life situations and applications.

(S3) Numeracy
Students will learn how to transform theoretical concepts into formulae and solve them with financial calculators/excel.

(S4) Commercial awareness
Students will be aware of the commercial side of the portfolio management theory, different levels of risk, returns and investment advisers.

(S5) Organisation skills
Students will be able to plan the module activities and commitments in order to fulfil the learning outcomes.

(S6) Written communication skills
Students will be able to clearly express themselves about portfolio management topics and investments.

(S7) International awareness
Students will be aware of some different assets and investments across countries as well as of international diversification strategies.

(S8) Lifelong learning
Students will be learning concepts and topics which will be useful for their job market and practical personal investment life.

(S9) Ethical awareness
Students will be aware of basic ethical issues in the portfolio management world and surrounding financial institutions, and investment funds.

Teaching and Learning Strategies

2 hour lecture x 10 weeks
1 hour seminar x 5 weeks
125 hours self-directed learning

Syllabus
 

Portfolio concepts;

Management of individual/family investor portfolios;

Management of institutional investor portfolios;

Pension plans and employee benefit funds;

Investment manager selection;

Other institutional investors;

Mutual funds, pooled funds, and ETFs;

Economic analysis and setting capital market expectations;

Tax efficiency;

Asset allocation including currency overlay;

Portfolio construction and revision;

Equity portfolio management strategies;

Fixed income portfolio management strategies;

Alternative investments management strategies;

Risk management;

Execution of portfolio decisions (trading);

Performance evaluation;

Presentation of performance results.

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