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 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.
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2. |
Design and implement effective portfolio management strategies within the context of alternative investment requirements and risk criteria.
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3. |
Critically evaluate the effectiveness of performance evaluation techniques and apply the various approaches to the portfolio.
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4. |
Demonstrate an understanding of the key taxation principles and practices involved in effective wealth management.
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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 Time | Part Time | Lectures/Tutorials/Workshops
| 36 | 36 | Supervised Assessment
| 2 | 2 | Directed Study
| | | Student Centred Learning
| 40 | 40 | Private Study
| | | Private Study & Preparation
| 72 | 72 |
Mode of Delivery
This is a lecture-based course supplemented with tutorials/workshops and directed study.
Assessment Plan
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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. | ELTON, E.J. et al., 2013. Modern portfolio theory and investment analysis. 9th ed. Hoboken: John Wiley. Available online at: https://dl.rasabourse.com/Books/Finance%20and%20Financial%20Markets/%5BEdwin_J._Elton%2C_Martin_J._Gruber%2C_Stephen_J._Brow_Modern%20Portfolio%20Theory%20and%20Investment%28rasabourse.com%29.pdf
| 2. | JORDAN, B.D., MILLER, T.W. and DOLVIN, S.D., 2024. Fundamentals of investments; valuation and management. 10th ed. New York: McGraw-Hill Education.
| 3. | LOFTHOUSE, S., 2001. Investment management. 2nd ed. Chichester: John Wiley.
| 4. | McMillan, M., et al., 2011. Investments: Principles of Portfolio and Equity Analysis. New Jersey: John Wiley and Sons.
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Additional Notes
References to relevant journal articles will be provided as supporting and developmental reading.
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