证券投资组合管理课程简介与教学大纲

- 1 -证券投资组合管理Investment Analysis and Portfolio ManagementIIntroductionThe purpose of this course is to help you learn how to manage your money to derive the maximum benefit from what you earn. Mixing investment instruments and capital markets with the theoretical detail on evaluating investments and opportunities to satisfy risk-return objectives along with how investment practice and theory is influenced by globalization leaves readers with the mindset on investments to serve them well. The material is intended to be rigorous and empirical yet not overly quantitative. We continue with unparalleled international coverage, newly rewritten and reorganized derivatives material to be more intuitive and clearer, three additional chapters on derivatives pricing for those who want more detail, rewritten material on multifactor models of risk and return, and new CFA problems for more practice on computations concerning investment decisions. To manage money and investments, one needs to learn about investment alternatives and develop a way of analyzing and thinking about investments that will be of benefit and allow a foundation as new tools and investment opportunities become available. II SyllabusCourse Objectives The various types of investment instruments, Trading mechanisms available in the financial markets, Risk measurement and the relation of risk to security and portfolio returns, Investment theory and valuation principles, Analytical techniques used for the evaluation of financial assets.Method of the Course Class lectures: are designed to complement and amplify the readings. Eclectic method: A number of original theoretical and applied contributions in investments will be covered, along with supportive and conflicting empirical evidence. Active method: Active classroom discussion, which is encouraged to allow students the ability to demonstrate his or her command of classroom material. Written project, students will themselves gather evidence that will help facilitate their own understanding of investments theory.Class ScheduleNO. Topic (Chapter)1 The investment setting (1)The asset allocation decision (2)2 Selecting investments in a global market (3)- 2 -Organization and functioning of securities markets (4)3 Efficient capital markets (6)4 An introduction to portfolio management (7)An introduction to asset pricing theories (8)5 Multifactor Models of Risk and Return (9)6 Analysis of financial statements (10)7 An introduction to security valuation (11)8 Macroeconomic and Market Analysis (12)Stock-market analysis (13)9 Industry analysis (14)10 Company analysis and stock selection (15)11 Technical analysis (16)12 Equity portfolio management strategies (17)13 Bond fundamentals (18)The analysis and valuation of bonds (19)14 Bond portfolio management strategies (20)15 Professional Asset Management (25)16 Evaluation of portfolio performance (26)IIIReferencesFrank K. Reilly and Keith C. Brown, 2003, Investments Analysis and Port