Portfolio Management for Financial Advisers

Introduction to CFA exams. Private wealth management. Portfolio management for institutional investors. Portfolio management in global context.

The offer is based on the curriculum (Body of Knowledge) of Chartered Financial Analyst (CFA) Program offered by CFA Institute (USA). The offer aims at providing students with the basing knowledge related to aspects of portfolio management for both individuals and institutional investors. Students will review the role of asset allocation in portfolio management and learn the steps in asset allocation process.

Literatura podstawowa:

Managing Individual Investors Portfolios, Chapter 2 Managing Investment Portfolios: A Dynamic Process, 3rd edition, J.W.Bronson, M.H.Scanlan, and J.R.Squires, CFA Institute, 2008; Life-Cycle Investing, Chapter 3, Investment Management for Taxable Private Investors, J.Wilcox, J.E.Horvitz, and Dan diBartolomo, The Research Foundation of CFA Institute, 2006; Excerpts from, Lifestyle, Wealth Transfer and Asset Classes?, Chapter 4 and Techniques for Improving After-Tax Investment Performance , Chapter 6, Investment Management for Taxable Private Investors, J.Wilcox, J.E.Horvitz, and Dan diBartolomo, The Research Foundation of CFA Institute, 2006; Multiple Asset Locations, Chapter 5, Integrated Wealth Management, J.L.P.Brune, Euromoney Institutional Investors Plc, 2002; Low-basis stock, Chapter 10 Integrated Wealth Management The New Direction for Portfolio Managers, J.L.P.Brunel, Euromoney Institutional Investors Plc, 2002; Goals-Based Investing: Integrating Traditional and Behavioral Finance, D.Nevins, Journal of Wealth Management, Institutional Investors, 2004; Managing Institutional Investor Portfolios, Chapter 3, R.Ch.Tschampion, L.B.Siegel, D.J.Takahashi, and J.L.Maginn, Managing Investment Portfolios: A Dynamic Process, 3rd edition, CFA Institute, 2008.

Literatura uzupełniająca:

The case for International Diversification, Chapter 9, International Investments, 5th edition, B.Solnik and D.McLeavey, Addison Wesley, 2003; Currency Risk Management, Chapter 11, International Investments, 5thy edition, B.Solnik and D.McLeavey, Addison Wesley, 2003; Investing in Emerging Stock Markets, Yesim Tokat and Nelson Wicas, The Journal of Wealth Management, Institutional Investors, Inc., Fall 2004; Beyond the Big 50, Opportunities in Emerging Markets, M.J.Fredericks, The Journal of Investing, Institutional Investors, Inc, Spring 2005; Structuring the Global Investment Process, Chapter 13, International Investments, 5th edition, B.Solnik and D.McLeavey, Addison Wesley, 2003.

Publikacje własne:

The author is a Chartered Financial Analyst (CFA) charterholder.

Wiedza:

Student acquires knowledge of the portfolio management process for both individual and institutional investors.

Student has understanding of the main practical achievements of the asset management process as it constitutes a prominent part of Body of Knowledge for CFA (Chartered Financial Analyst) charterholder.

Student knows how to manage assets and liabilities in finacial portfolio.

Umiejętności:

Student aquires ability to manage assets and liabilities in portfolio.

Student can differentiate between the strategies for individual and institutional investors.

Student can differentiate between the strategies for individual and institutional investors.

Kompetencje społeczne:

Student participates in discussions over problems related to unique financial situations, based on acquired theoretical and

empirical knowledge of portfolio management process as a part of CFA curriculum.

Student acquires ability to communicate financial matters.

egzamin tradycyjny-pisemny: 50.00%

egzamin testowy: 50.00%