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 |
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Year | CATS Level | Semester | CATS Value |
Session 2023-24 | 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 |
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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 | 30 | ||||
Individual essay Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | 0 | 70 |
Aims |
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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 |
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(LE1) Flexible and adaptable. |
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(LE2) A team player. |
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(LE3) Internationally aware. |
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(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. |
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(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. |
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(LO3) Students will be able to demonstrate a conceptual and practical understanding of performance evaluation of portfolios at the forefront of current practice. |
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(LRE1) A problem solver. |
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(LRE2) Numerate. |
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(LRE3) Commercially aware. |
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(LRE4) Organised and able to work under pressure. |
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(LRE5) An excellent verbal and written communicator. |
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(LRE6) IT literate. |
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(LRE7) A lifelong learner. |
Teaching and Learning Strategies |
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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 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 Self-Directed Learning Hours: 122 hours |
Syllabus |
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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 |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |