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721952S Portfolio Management, 6 ECTS cr 
Code 721952S  Validity 01.01.1950 -
Name Portfolio Management  Abbreviation Portfolio Manag 
Scope6 ECTS cr   
TypeAdvanced Studies Discipline6354 Finance 
TypeCourse   
  Grading1 - 5, pass, fail 
 
   
Unit Oulu Business School 

Teachers
Name
Asif Ruman 

Description
ECTS Credits 

6 credits

 
Language of instruction 

English

 

 
Timing 

Period 1-2 (2nd year)

 
Learning outcomes 

Upon completion of the course, students understand the key concepts in portfolio management and are able to implement and evaluate equity trading strategies on the basis of academic evidence.

 
Contents 

Neoclassical finance and economics concepts in portfolio management; asset managers and their role in the economy; major asset classes and their key characteristics; expected utility; mean-variance portfolio optimization, shortcomings and developments; factor theory; return predictability; risk management; portfolio performance evaluation; equity investment strategies; asset allocation and macro strategies.

 
Mode of delivery 

Face-to-face teaching.

 
Learning activities and teaching methods 

36 hours of lectures, including exercises and computer lab sessions. Students also engage in a group project in which they select, implement and test an equity trading strategy.

 
Target group 

Students of the Master’s program in Finance

 
Prerequisites and co-requisites 

-

 
Recommended optional programme components 

Fundamentals of Finance, Principles of Econometrics and Mathematical Economics (Recommended)

 
Recommended or required reading 

 

The main readings include the lecture notes, a selected set of scientific articles, and other course material which will be distributed during the course. The companion books are the followings:

·         Pedersen, Lasse Heje. Efficiently inefficient: how smart money invests and market prices are determined. Princeton University Press, 2015 ( target=_blank>https://oula.finna.fi/Record/oula.1550641)

·         Ang, Andrew. Asset management: A systematic approach to factor investing. Oxford University Press, 2014. ( target=_blank>https://oula.finna.fi/Record/oula.1427424)

Following books are useful as background reading:

·         Ilmanen, Antti. Expected returns: an investor’s guide to harvesting market rewards. John Wiley & Sons, 2011. ( target=_blank>https://oula.finna.fi/Record/oula.1160870)

Bodie, Zvi. Investments. McGraw-Hill, 2013. ( target=_blank>https://oula.finna.fi/Record/oula.1238073)

 
Assessment methods and criteria 

The final evaluation is based on group work, which includes a term paper and two presentations, a set of weekly assignments or learning diaries, as well as class activities.

 
Grading 

The course utilizes a numerical grading scale 1-5. In the numerical scale zero stands for a fail.

 
Person responsible 

Asif Ruman

 
Working life cooperation 

Understanding the concepts and techniques of portfolio management are necessary for careers in financial industry.

 
Other information 

The number of students is limited.

 


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
registration period has ended Portfolio Management  Course  Asif Ruman  06.09.21 -03.11.21

Future examinations
No examinations in WebOodi