Investments

Introduksjon

The analysis of investments pervades virtually every financial decision made, e.g., by private investors, professional fund managers, and corporations. What is the price of securities such as stocks and bonds? How can you combine them to construct a satisfactory investment portfolio? How do you evaluate the performance of a trading strategy?

This course provides students with the cornerstones of modern investment analysis, e.g., Markowitz’s methodology to construct mean-variance optimal portfolios, the capital asset pricing model (CAPM), multifactor models, the efficient market hypothesis, and standard performance-evaluation measures.

Kursets innhold

Portfolio Theory

• Risk, Return, and the Historical Record
• Efficient Diversification
• Socially Responsible Investing
• Capital Asset Pricing Model, Arbitrage Pricing Theory, and Multifactor Models
• The Efficient Market Hypothesis and its empirical evidence

Evaluating Investment Performance and Security Analysis

• Evaluating Investment Performance
• Equity Valuation

Debt Securities

• Bond Valuation, Yields, and the Term Structure of Interest Rates
• Managing Bond Portfolios

Forbehold

Dette er et utdrag fra den komplette kursbeskrivelsen for kurset. Dersom du er aktiv student på BI, kan du finne de komplette kursbeskrivelsene med informasjon om bl.a. læringsmål, læreprosess, pensum og eksamen på portal.bi.no. Vi tar forbehold om endringer i denne beskrivelsen.