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Portfolio Management (MBA.FI.014)

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  • Global Marketing and Investment Conference 2018 As requested, here is a post related to my korean trip at the Global Marketing and Investment Conference 2018 in Korea:We have also appeared on korean newpapers:http://news ...
    Posted 2 Feb 2018, 19:43 by Diep Ho
  • Friday 26th January 2018 class on Portfolio Management cancelled Dear ClassApologies.  As I have mentioned on Tuesday that I am on a business trip to Korea till 27th. I tried but I could not arrange for Prof. Quy ...
    Posted 25 Jan 2018, 03:44 by Diep Ho
  • Welcome to Portfolio Management class of Spring 2017
    Posted 6 Feb 2017, 01:40 by Diep Ho
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Lecturer:  Dr. Ho, Diep, PhD [email protected] (Tel. 0946 317 379, Room A1.305, Thu Duc Campus)

Teaching Assistant: Mr Tran Duy Khiem

Course Aims:

This course applies financial theory to the issues and problems of Portfolio 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. International 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.  

All investors – from the largest sovereign wealth funds to the smallest individual investors – share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this course, you will learn how to think about, discuss, and formulate solutions to these investment questions. You will learn the theory and the real-world skills necessary to design, execute, and evaluate investment proposals that meet financial objectives. You will then learn how to construct optimal portfolios that manage risk effectively, and how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will learn the best practices in portfolio management and performance evaluation as well as current investment strategies.

Vietnam Investment News



This portfolio management course updates fundamental portfolio management theory and practice to match the level of sophistication of today’s practitioners. It is based on a a combination of:
  • Selection of articles by some of the investment industry’s most influential thinkers as well as leading investment practitioners, and
  • Real world experiences from Dr Hồ Điệp who was a Portfolio Manager at Gordian Knot (UK) Ltd.
This course is for the portfolio manager, aspiring portfolio manager, wealth manager, or pension plan manager. It is intend as an introduction guide to portfolio management.

Prerequisite course: 

Units of Credit:
This course is worth [2 credits]. 

Teaching times and Locations:

Lecture Time: Monday and Thursday, 6pm-9pm

Venue:  Room B.401, 
              3B Lý Tự Trọng, 
              Quận 1, 
              TP.Hồ Chí Minh

Academic Integrity:

Integrity is critical to the learning process and to all that we do here at HCMIU. 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.

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. 

Assessment Details:
The final grade is computed as follows:

Class Participation 20%
Case Write-ups 20%
Group Assignment 20%
Final Exam         40%
Total                 100%

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 assignments that use actual data, where possible--and to reflect how most companies conduct business, students shall form groups to handle these assignments.  Groups shall comprise four to five 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 (20% 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: 
  1. Relley, F. K. and Brown, K. C. (2010), Investment Analysis and Portfolio Management, 10th edition, Thomson South-Western.
  2. Anthony Saunders and Marcia Cornett. Financial Institutions Management: A Risk Management Approach, 6e, McGraw-Hill, 2008.
Course outline:


Week Topics Textbook
    1       Introduction and Market Overview: Mutual Funds, Hedge Funds and  Insurance Companies Saunders and Cornett 2008, Chapters 1 and 3, 
    2       Introduction and Market Overview II:  Private Equity, Venture Capital and Others Saunders and Cornett 2008, Chapters 4 and 5
    3       Asset Allocation and Checklist for a New Fund Reilly and Brown 2010, Chapter 2
    4       Fund Risk Management I Saunders and Cornett 2008, Chapter 10
    5       Fund Risk Management II Saunders and Cornett 2008, Chapter 10
    6       The Changing Landscape of Portfolio Management Source TBA
    7       Ethics in the Asset Management IndustrySource TBA
    8      RevisionSource TBA