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Investment Fund Management

COURSE DETAILS:

Lecturer: Dr Ho Diep, PhD [email protected] (Tel. 0946 317 379, Room A305, International University)

Should the students wish to meet the staff outside the consultation hours, they are advised to make appointment in advance. 

Course Aims:

This course applies financial theory to the issues and problems of Investment Fund Management. In order to understand these issues, we must start with the Market Overview. Investment funds investors may be individuals (e.g. personal wealth), institutions (e.g. hedge funds or pension funds), charitable endowments and foundations (e.g. Banking University HCMC), corporations, and nations (e.g. sovereign wealth funds). We characterize various investment strategies and assess how fund management can meet the specific investment goals of the investors. Investors usually delegate management of their portfolios to financial intermediaries, which may invest across a broad array of assets or specialize in a certain investment style or asset class. The asset class can be bonds, loans, public equity, private equity, real-estate, currencies and/or financial derivatives. 


Teaching times and Locations:
Lecture time:  7th-10th July 2014 18:00pm-9:30pm
Venue:  302

Academic Integrity:

Integrity is critical to the learning process and to all that we do here at the Banking Univercity. A student’s responsibilities include, but are not limited to:

Attendance:
Regular and punctual attendance at lectures and seminars is expected in this course. University regulations indicate that if students attend less than eighty per cent of scheduled classes they may be refused final assessment. Exemptions may only be made on medical grounds. 

While we do not penalise occasional tardiness, a pattern of repeated unexplained late arrivals and non-attendance shall negatively impact the student's class participation grade. Understandably, job search or other obligations may occasionally conflict with class.  It is each student’s responsibility to find out from his/her classmates what has been missed during the absence.

Homework:
Homework and other assignments are expected to be completed on time. Late Assignments will not be accepted unless due to documented serious illness or family emergency.

All electronic devices must be turned off prior to the start of each class meeting.
Laptops, tablets, ipad, cell phones, smartphones and other electronic devices are a disturbance to both students and the lecturers.

Calculator:
You need a calculator for this class. A scientific calculator is good enough; you do not need to buy a financial one. As a rule, you will use spreadsheets for homework assignments, and the calculator for the simple examples in class, and, most importantly, for the exams. It is a very bad idea to wait for the last week before buying a calculator.

Study Groups:
It is highly encourage that you regularly review the readings and class notes in a study group. Don’t wait until exam week to set up such a study group. By then it’s too late. You are encouraged to work on the problem sets with your study group, but you must hand in your own answers for individual tasks.

Assessment Details:
  • 1 Written group assignment (30%)
  • Self study and participation scores (10%)
  • Final Exam (60%)
Exam shall be semi-open book.  Each student, may bring in a calculator and one A4 cheat sheet.  Two sides of the sheet may be filled with anything the student wishes, but must be handwritten by him/her (no photocopying).

In addition, since I wish to emphasize practical skills, students shall complete an assignment that use actual data--and to reflect how most companies conduct business, students shall form groups to handle these assignments.  Groups shall comprise five to six students – no less, no more. In addition, all group members shall score their team mates on how well they have contributed to the assignment (see "Peer Group Participation Form.doc" in the file cabinet section).

Class participation is important and will be explicitly rewarded (10% of the total grade). Effectively, the class participation grade may change a grade near a cutoff.  While we do not penalise occasional tardiness, a pattern of repeated unexplained late arrivals and non-attendance shall negatively impact the class participation grade.  Understandably, job search or other obligations may occasionally conflict with class.  It is each student’s responsibility to find out from his/her classmates what has been missed during the absence.

Textbook: 
A. Anthony Saunders and Marcia Cornett (2008). Financial Institutions Management: A Risk Management Approach, 6e, McGraw-Hill.
B. Reilly, F. K. and Brown, K. C. (2010), Investment Analysis and Portfolio Management, 10e, Thomson South-Western.

Course Structure:
Class 1 – Introduction and Market Overview – Saunders and Cornett 2008, Chapters 1, 3, 4 and 5
Class 2 – Asset Allocation and Checklist for a New Fund – Reilly and Brown 2010, Chapter 2
Class 3 – Fund Risk Management – Saunders and Cornett 2008, Chapter 10
Class 4 – Group Assignment: Investment Fund Simulation Game – YouTube video https://www.youtube.com/watch?v=vKQnN8Uc-q4 

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