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Module Title
Portfolio Investment & Wealth Management

Market Efficiency, Portfolio Design, Portfolio Management, Performance Evaluation, Tax Implications, Wealth Management

SCQF Points15
ECTS Points7.5
CreatedMay 2002
ApprovedJune 2013
AmendedAugust 2013
Version No.1

This Version is No Longer Current
The latest version of this module is available here
Prerequisites for Module

None in addition to SCQF 11 entry requirement or equivalent.

Corequisite Modules


Precluded Modules


Aims of Module

To provide students with the skills required to effectively design, manage and evaluate the performance of alternative investment portfolios within, in particular, a wealth management context.

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 and implement effective portfolio management strategies within the context of alternative investment requirements and risk criteria.
3. Critically evaluate the effectiveness of performance evaluation techniques and apply the various approaches to the portfolio.
4. Demonstrate an understanding of the key taxation principles and practices involved in effective wealth management.

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 and attribution, wealth managemnt, income and capital taxes, tax implications. Throughout the module students will be given training in, and be expected to make extensive use of DATASTREAM.

Indicative Student Workload

Contact Hours

Full TimePart Time
Supervised Assessment

Directed Study

Student Centred Learning

Private Study

Private Study & Preparation

Mode of Delivery

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

Assessment Plan

Learning Outcomes Assessed
Component 1 1,2,3
Component 2 4

Component 2 is a written Examination

Component 1 is a Coursework

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.

Additional Notes

References to relevant journal articles will be provided as supporting and developmental reading for the tax related aspects of the syllabus.

Robert Gordon University, Garthdee House, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781