Course Description
Students will manage a hypothetical portfolio. Given a starting portfolio, students will make investment recommendations to restructure the portfolio. Alternative investment strategies will be incorporated into the management of the portfolio. There are learning modules relating to topics in the field of investments. The class is interactive and student-focused.
Athena Title
Investment Management
Prerequisite
FINA 3000 or FINA 3000E or FINA 3000H or FINA 3001 or FINA 3001E or FINA 3001H
Semester Course Offered
Offered fall and spring
Grading System
A - F (Traditional)
Course Objectives
To expose the student to all relevant aspects of a top-down asset management approach for an all-equity, long-only U.S. equity portfolio. Students will learn to assess the Macroeconomic environment leading to a sector allocation strategy, develop skills related to stock selection and valuation, formulate an investment thesis, and present it to the class. Special topics related to asset management will be discussed in detail.
Topical Outline
Macro environment and sector allocation Introduction to valuation Running a DCF (including a DCF tutorial) Multiples valuation Return on invested capital (ROIC) and return on incrementally invested capital (ROIIC) Use of derivatives in portfolio management Performance measurement Student stock pitches Student presentations of the term paper
Syllabus