A combination of lectures, supplementary materials & presentations and class presentations.
1. Introduction to the Canadian investment environment.
2. Global capital markets and investment instruments.
3. The structure and evolution of asset management industry.
4. Fundamentals of mutual funds, ETFs and hedge funds.
5. Fund management fees and other fund charges.
6. Value vs. Growth investing and correlation of investment style and risk.
7. Passive vs. Active management and asset allocation strategy.
8. Behavioural finance and technical analysis.
9. Futures, forwards and swap contracts.
10. Application of options trading strategies.
11. Derivatives in portfolio insurance.
At the end of the course, the student should be able to:
1. describe the Canadian investment environment and the global capital markets;
2. explain and evaluate the risk and return profiles associated with different types of securities;
3. describe and evaluate mutual funds and ETFs by categories and subcategories based on security type, investment objective and style;
4. provide an in-depth explanation of expense ratios, loads and other fund charges;
5. determine the role that mutual funds, ETFs and hedge funds should play in individual/institutional investor’s portfolio; outline appropriate asset allocation strategies;
6. build a portfolio of funds that is suitable to investor’s goals and unique situation;
7. describe the concept of behaviour finance and its implications;
8. conduct an actual technical analysis on a given portfolio of securities; and
9. understand the concept of derivative securities and illustrate the way they are used as investment strategies in hedging, trading and portfolio insurance.
| Midterm exam(s): | 30-35% |
| Project & Presentation | 20%-25% |
| Class Assignments and Participation | 10% |
| Final Exam | 35% |
| Total | 100% |
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
Investment Analysis and Portfolio Management (Latest Edition), Frank K. Reilly & Keith C. Brown,
Thomson South-Western. Textbook subject to change with approval of the department. Software purchase may be required.
Only Faculty of Commerce and Business Administration approved calculators may be used.
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