IB357-15 Investment Management
Introductory description
This is an elective module available for WBS and non-WBS students. To find detailed availability and to apply for this module, log in to my.wbs.ac.uk using your normal IT login details and apply via the my.wbs module application system. Once you’ve secured a place on my.wbs you should apply via your home department’s usual process, which usually takes place via eVision. Note that you do not require the module leader’s permission to study a WBS module, so please do not contact them to request it.
Students who successfully complete this module will have a deep understanding of the theory and practice of optimally combining securities into portfolios, institutional understanding of security markets, and some of the issues that a fund manager faces in putting theory into practice. They will be familiar with the theoretical and applied literature on modern portfolio management and investment analysis.
Module aims
This module provides an advanced theoretical and practical treatment of modern portfolio theory and portfolio management, mainly from an equity market perspective.
Issues to be considered include security selection, portfolio construction, asset pricing models, market efficiency, performance measurement and limits to arbitrage.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Portfolio theory
Asset pricing models
Market Efficiency
Behavioural Finance
Limits to arbitrage
Bonds
Derivatives
Learning outcomes
By the end of the module, students should be able to:
- Demonstrate advanced knowledge of portfolio and asset pricing theory.
- Understand how investment management relates to market efficiency.
- Understand how theories in behavioral finance can help managers analyze market inefficiency.
- Understand how limits to arbitrage impact investment management.
- Be able analyze bonds, and how to hedge interest rate risk.
- Be familiarized with trading strategies with options.
- Financial reasoning and paying attention to risk.
Indicative reading list
Reading lists can be found in Talis
Subject specific skills
Use portfolio and asset pricing theory to solve mathematical problems related to investment management.
Learn to use data to solve problems in investment management.
Transferable skills
Problem solving using mathematics, interpreting numbers from published research and extracting value from publicly available information.
Study time
| Type | Required |
|---|---|
| Lectures | 10 sessions of 1 hour (7%) |
| Seminars | 9 sessions of 1 hour (6%) |
| Online learning (independent) | 10 sessions of 1 hour (7%) |
| Private study | 48 hours (32%) |
| Assessment | 73 hours (49%) |
| Total | 150 hours |
Private study description
No private study requirements defined for this module.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group D8
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Participation | 10% | 8 hours | No |
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Participation in activities on a weekly basis via my.wbs |
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| Centrally-timetabled examination (On-campus) | 90% | 65 hours | No |
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Exam
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Assessment group R3
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| In-person Examination | 100% | No | |
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Exam
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Feedback on assessment
Feedback via My.WBS.
Pre-requisites
To take this module, you must have passed:
There is currently no information about the courses for which this module is core or optional.