30180 - EQUITY PORTFOLIO MANAGEMENT
CLEAM - CLEF - CLEACC - BESS-CLES - BIEMF
Course taught in English
Go to class group/s: 31
The course deals with methodologies to manage an equity portfolio. Students will learn how to apply systematic methodologies to build diversified portfolios, determine expected returns, evaluate performance.
- Risk, return and the historical record.
- The efficient market hypothesis.
- Behavioral finance and technical analysis.
- Empirical evidence on security returns.
- Portfolio performance evaluation.
- International diversification.
- Hedge funds.
- The theory of active portfolio management.
Written, with intermediate exam. Evaluation will include active participation in class. Students may volunteer, alone or in small groups, to present to the class an empirical project of their choice regarding a stock-picking strategy. In the case of excess demand by students the option will be reserved to those who ranked higher in the intermediate exam.
BODIE, KANE, MARCUS, Investments and portfolio management, Mc Graw Hill, tenth global edition, chapters 5, 8, 11, 12, 13, 24, 25, 26.
Students are supposed to have basic knowledge of mathematics, statistics (linear regressions) and finance (the Markowitz optimization model, the Capital Asset Pricing Model and the Arbitrage Pricing Theory). Ideally, students should have already taken a course in Investments or Financial Economics.