Portfolio Management - FINS2624

All students taking this course during Summer Term 2010/11 will be required to pay full tuition fees. This includes Commonwealth supported students who are studying at UNSW. Please see Australian School of Business courses - Summer Term fees 2010-11 for more information.

Modern investment theories are introduced with an equal emphasis on theory and practice. The Markowitz model, capital asset pricing model, and single index model are studied and applied to design portfolios, price and manage risks, evaluate performance, identify mispriced assets, and estimate asset betas. The pricing of stocks, bonds, options, and futures; the impact of tax on the choice of bonds; the theories of the term structure; the duration concept; and the strategic use of options and futures for hedging and investment are also studied. Spreadsheet applications to securities pricing and investment theories are introduced to put theories into practice.