ACFI3019
10 units
3000 level
Course handbook
Description
As the value of assets under management reach unprecedented levels across the world, demand in this rapidly growing area of the financial services industry is only set to continue. Funds Management provides students with an advanced understanding of portfolio management through experiential learning by assuming responsibility for development, monitoring and management of the University of Newcastle's Student Managed Investment Fund. All foundational material in portfolio theory and investments is covered. Students gain knowledge of alternative asset allocation models, research techniques, risk management principles, and methods of portfolio performance evaluation, which will assist them in devising an optimal investment strategy. Note: The course is available to select students based on academic merit (see assumed knowledge). An application is required for enrolment in this course and is available at the ACFI3019 application link below: https://www.newcastle.edu.au/__data/assets/pdf_file/0005/540635/PCAC-5-13-June-2019-Item-11.1-Doc-PCAC19063-Application-to-Enrol-in-ACFI3019-Funds-Management.PDF
Availability
Not currently offered.
This Course was last offered in Semester 1 - 2022.
Learning outcomes
On successful completion of the course students will be able to:
1. Communicate in writing their understanding of the investment environment, institutional investment, and empirical evidence on security performance;
2. Demonstrate critical thinking, analytical problem solving skills in the context of portfolio management to identify suitable investments for UoN Student Managed Investment Fund;
3. Evaluate the performance and risk exposure of a portfolio by analysing actual performance of UoN Student Managed Investment Fund (or a suitable alternative if sufficient data is unavailable);
4. Experience of managing actual money by researching, proposing, and implementing investment allocations of UoN Student Managed Investment Fund;
5. Communicate effectively and collaborate in teams by presenting investment recommendations for inclusion in the UoN Student Managed Investment Fund to the UoN Student Managed Investment Fund Investment Committee.
Content
This course contains but is not limited to the following topics:
1. The investment environment
2. Risk, return, risk premia, and risk aversion
3. Allocating capital between risky and risk-free assets
4. Security analysis and mean variance efficient portfolios
5. Evaluation of portfolio risk and performance
6. Funds management using real money
Requisites
To enrol in this course you must have successfully completed at a Distinction level or higher ACFI2070 and ACFI2080. You cannot enrol in this course if you have successfully completed ACFI3018.
To enrol in this course you must have successfully completed at a Distinction level or higher ACFI2070 and ACFI2080.
Assumed knowledge
Successful completion of 160 units at UoN.
Assessment items
Essay: Problem Set Essay
Essay: Portfolio Evaluation Essay
Presentation: Report and Presentation
Course outline
Course outline not yet available.
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.