RGU: RGU Module: Investment Management (BSM008)

Module Title
Investment Management

Keywords
Market Efficiency, Portfolio Design, Portfolio Management, Performance Evaluation.

Reference

BSM008

SCQF Level

SCQF 11

SCQF Points

ECTS Points

7.5

Created

May 2002

Approved

July 2002

Amended

September 2012

Revision No.

Prerequisites for Module

None in addition to SCQF 11 entry requirement or equivalent.

Corequisite Modules

None.

Precluded Modules

None.

Aims of Module

To provide students with the skills required to effectively design, manage and evaluate the performance of alternative investment portfolios.

Learning Outcomes for Module

On completion of this module, students are expected to be able to:

1.	Demonstrate a working understanding of the practical significance of market efficiency within the context of portfolio design and management.
2.	Design investment portfolios based upon alternative risk criteria.
3.	Design and implement effective portfolio management strategies within the context of alternative investment requirements.
4.	Critically evaluate the effectiveness of performance evaluation techniques and apply the various approaches to the portfolio.

Indicative Module Content

The concept of market efficiency, the optimal portfolio, compliance and regulation in the UK, risk and investment strategy, risk and portfolio design, active and passive portfolio management strategies, financial engineering products and portfolio risk management, Sharpe, Treynor and Jensen measures of portfolio performance. Throughout the module students will be given training in, and be expected to make extensive use, of DATASTREAM.

Indicative Student Workload

Contact Hours	Full Time	Part Time	Distance Learning
Lectures/Tutorials/Workshops	36	36	6
Supervised Assessments	2	2	2
Directed Study
Student Centred Learning	40	40	60
Private Study
	72	72	82

Mode of Delivery

This is a lecture-based course supplemented with tutorials/workshops and directed study.

Assessment Plan

	Learning Outcomes Assessed
Coursework	1,2,3,4

Assessment will comprise of one integrative piece of coursework (e.g. report, portfolio, essay).

Indicative Bibliography

1.	CUTHBERTSON, K. and NITZSCHE, D, 2008. Investments. 2nd ed. Chichester: John Wiley and Sons.
2.	ELTON, E.J. et al., 2011. Modern portfolio theory and investment analysis. 8th ed. Hoboken: John Wiley.
3.	LOFTHOUSE, S., 2001. Investment management. 2nd ed. Chichester: John Wiley.