BUSN9223 Investments and Portfolio Management

2017

4.5

1 x 3-hour workshop weekly

1 Admission into MAF-Master of Accounting and Finance
1a Admission into MACC-Master of Accounting
1b Admission into MAFFP-Master of Accounting and Finance - City Campus
1c Admission into MACCFP-Master of Accounting - City Campus
Must Satisfy: ((1 or 1a or 1b or 1c))

BUSN9213 has been successfully completed

It is recommended that students have completed the following topics (or equivalent): BUSN9237 (BUSN9212) Financial Markets and Institutions, and BUSN9227 (BUSN9202) Financial Management

Core topic Master of Business Administration (Finance Specialisation)

Master of Accounting and Finance.

An introductory course on modern portfolio theory and investment analysis and management. It analyses the concepts of risk and return, the securities markets, securities analysis and portfolio management. The topic looks at the operations of Australian financial markets and the opportunities available to investors. A major focus in the topic is share markets, although parts of the topic are devoted to bond and property investments. A simulated investment game running through the semester will comprise part of the assessment.

This topic is designed to help students to understand both the theory and practice of investment management. Students will be introduced to the institutional background to investments, the valuation and analysis of individual securities, and the selection, management and performance evaluation of a portfolio of securities.

The topic will be applied to the Australian investment environment with frequent discussion of Australian institutions, instruments and markets. The impact of international market developments will also be highlighted and the role of international investments in a portfolio will be discussed. Students will be encouraged to apply the theory and concepts studied to current market developments.

On successful completion of this topic, students will be able to:

1. Discuss the structure of securities markets
2. Assess ethical issues arising from participation in the securities industry
3. Discuss the relative role of Australian markets in global financial markets
4. Locate and utilise information available to participants in financial markets
5. Define steps in investing
6. Apply the important relationship between risk and return
7. Explain modern portfolio theory and the benefits of diversification of assets held in a securities portfolio
8. Construct an optimal risky portfolio
9. Assess capital and asset allocation strategies
10. Utilise asset pricing models and be aware of their limitations
11. Perform security selection
12. Explain and apply the concept of market efficiency
13. Discuss portfolio management strategies
14. Evaluate portfolio performance
15. Discuss the features of fixed- income securities and the principles of managing bond portfolios.