Course Summary
Learn how to manage portfolio risk in this course that covers modern portfolio theory, asset allocation, and risk management techniques.Key Learning Points
- Understand the principles of modern portfolio theory
- Learn about asset allocation strategies
- Gain knowledge on risk management techniques
Related Topics for further study
Learning Outcomes
- Develop skills in portfolio risk management
- Understand how to analyze and evaluate investment portfolios
- Learn how to apply asset allocation strategies to manage risk
Prerequisites or good to have knowledge before taking this course
- Basic understanding of finance and investments
- Familiarity with Excel or another spreadsheet software
Course Difficulty Level
IntermediateCourse Format
- Online Self-paced
- Video Lectures
- Quizzes and Assignments
Similar Courses
- Investment Management Specialization
- Risk Management in Banking and Financial Markets
Related Education Paths
Notable People in This Field
- Harry Markowitz
- William Sharpe
Related Books
Description
In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios.
Outline
- General Introduction and Key Concepts
- Why you should choose this course
- Some common mistakes you will no longer make after this course – Portfolio risk
- Some common mistakes you will no longer make after this course – Free lunch
- Distribution of returns - Graphical representation
- Distribution of returns - Numbers
- The risk-return trade-off - UBS guest speaker
- Course syllabus
- Glossary
- Graded quiz on the content of Week 1
- Modern Portfolio Theory and Beyond
- The impact of correlation - The benefits of diversification
- The impact of correlation - Maximizing diversification
- Reaching the efficient frontier - UBS guest speaker
- The efficient frontier with a risk-free asset
- Expanding the asset universe - International diversification
- Expanding the asset universe - Country versus industry diversification
- Do investors diversify internationally? - UBS guest speaker
- The impact of constraints on optimal portfolios
- The pitfalls of Modern Portfolio Theory - Assumptions
- The pitfalls of Modern Portfolio Theory - Investors
- Two-fund separation - Individual decision
- Two-fund separation - Market level
- Capital market equilibrium - The Capital Market Line
- Capital market equilibrium - The Capital Asset Pricing Model
- Graded quiz on the content of Week 2
- Asset Allocation
- How our age and wealth affect our investment profile - Main views
- How our age and wealth affect our investment profile - Robo-advisors
- The path from an investor's profile to his/her optimal investment strategy - UBS guest speaker
- Strategic asset allocation: MPT in practice - Definitions
- Strategic asset allocation: MPT in practice - Implementation
- Asset allocation versus stock picking: what matters more? - UBS guest speaker
- Rebalancing a portfolio to maintain the SAA - SAA versus TAA
- Rebalancing a portfolio to maintain the SAA - Weights and bounds
- Key drivers of tactical asset allocation - Goals
- Key drivers of tactical asset allocation - Implementation
- Timing the market with tactical asset allocation - Shiller's CAPE
- Timing the market with tactical asset allocation - Macroeconomic tools
- How tactical asset allocation depends on macroeconomic fundamentals - UBS guest speaker
- How to combine strategic and tactical asset allocations - UBS guest speaker
- The importance of asset allocation
- Graded quiz on the content of Week 3
- Risk Management
- Defining forwards and options - Forwards
- Defining forwards and options - Options
- Risk as volatility?
- What about illiquidity? - UBS guest speaker
- Currency risk - Return
- Currency risk - Risk
- Defining the Value-at-Risk
- Computing the Value-at-Risk
- Defining the Expected Shortfall
- Computing the Expected Shortfall
- Risk management applied to portfolio allocation
- Banking regulation & Basel recommendations: How did we get there?
- Hedging against market falls (using options)
- Hedging against currency risk (using forwards)
- Graded quiz on the content of Week 4
University of Geneva- Tony Berrada
4.7 Raiting
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