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Programa Equity Portfolio Management

This document provides information on the "Equity Portfolio Management" course offered at Università Bocconi during the 2021-2022 academic year. The course is taught in English in the first semester by Professor Andrea Beltratti in the Department of Finance. It focuses on understanding equity portfolio management, risk and return, and tools used in the asset management industry. Assessment is based entirely on a final written exam that will include multiple choice questions testing understanding of key course concepts.

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Joaquin Pedro
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54 views5 pages

Programa Equity Portfolio Management

This document provides information on the "Equity Portfolio Management" course offered at Università Bocconi during the 2021-2022 academic year. The course is taught in English in the first semester by Professor Andrea Beltratti in the Department of Finance. It focuses on understanding equity portfolio management, risk and return, and tools used in the asset management industry. Assessment is based entirely on a final written exam that will include multiple choice questions testing understanding of key course concepts.

Uploaded by

Joaquin Pedro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Programmi insegnamenti - Divisione Didattica

Università Bocconi
COURSE 2021-2022 A.Y.

30180 - EQUITY PORTFOLIO MANAGEMENT

CLEAM, CLEF, CLEACC, BESS-CLES, WBB, BIEF, BIEM, BIG, BEMACS

Department of Finance

Course taught in English

Student consultation hours

CLEAM (6 credits - I sem. - OP | SECS-P/01) - CLEF (6 credits - I sem. -


OP | SECS-P/01) - CLEACC (6 credits - I sem. - OP | SECS-P/01) - BESS-
CLES (6 credits - I sem. - OP | SECS-P/01) - WBB (6 credits - I sem. - OP |
SECS-P/01) - BIEF (6 credits - I sem. - OP | SECS-P/01) - BIEM (6 credits - I
sem. - OP | SECS-P/01) - BIG (6 credits - I sem. - OP | SECS-P/01) -
BEMACS (6 credits - I sem. - OP | SECS-P/01)

Course Director:
ANDREA BELTRATTI

© Università Bocconi - Via Sarfatti, 25 Milano - PI 03628350153 Pag. 1/5


Programmi insegnamenti - Divisione Didattica

Classes: 31 (I sem.)

Instructors:
Class 31: ANDREA BELTRATTI

Mission & Content Summary

MISSION

The topics covered are relevant to understand how to manage an equity portfolio, considering
various issues such as risk and return, risk premia, active/passive portfolio management. This is
the only course in the undergrad finance program with a specific focus on equity. The course
explores various ideas/ tools that are useful in the asset/ wealth management industry

CONTENT SUMMARY

Introduction

The risk-free rate and the risk premium


Return distributions and risk
Value at Risk
Introduction to the index model
Interpreting regression output
The efficient market hypothesis, the random walk and predictive regressions
Time-varying risk and predictability
Anomalies
Behavioral finance and behavioral biases
Limits to arbitrage and market efficiency
Empirical evidence on security returns: time series predictability
Portfolios and cross sectional predictability
The identification of macroeconomic and market factors
The small firm and value effects
Empirical evidence on anomalies
The Fama-French model
The equity premium puzzle
Performance evaluation I
Performance evaluation II

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Programmi insegnamenti - Divisione Didattica

International diversification and portfolio diversification


Emerging markets
Active strategies and long-short strategies
Hedge funds

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

Students will acquire knowelde relative to understaning the meaning of an equity portfolio,
together with the main practical tools to make decisions about it with the purpose of reducing
risk and maximizing expected returns

Students will understand the typical ativities carried out in an asset management firm and in
private banking

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

Students will be able to look at their own individual portfolio and better understanding, chenging
the structure in order to achieve their targets. They will have necessary understanding to start
working in the asset management industry and also in the private banking industry.

Teaching methods

Face-to-face lectures
Online lectures
Guest speaker's talks (in class or in distance)
Exercises (exercises, database, software etc.)

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Programmi insegnamenti - Divisione Didattica

DETAILS

online lectures are given when it is not posible to acces to the classroom.

there are 2-3 guest spekares talks given by professionals in the asset/ wealth management
industry.

several exercizes are covered in class.

Assessment methods

Continuous Partial exams General exam


assessment
Written individual exam x
(traditional/online)

ATTENDING AND NOT ATTENDING STUDENTS

100% weight on final exam. The final exam during COVID-19 times will usually last 30 minutes
and include a set of 15-20 multiple choice questions that require understanding of the main
elements of the course

Teaching materials

ATTENDING AND NOT ATTENDING STUDENTS

several chapters from the "Investments" textbook by Bodie, Kane and Marcus (McGraw Hill
publisher) are used in the course

© Università Bocconi - Via Sarfatti, 25 Milano - PI 03628350153 Pag. 4/5


Programmi insegnamenti - Divisione Didattica

Exam textbooks & Online Articles (check availability at the Library)

Last change 25/08/2021 15:50

© Università Bocconi - Via Sarfatti, 25 Milano - PI 03628350153 Pag. 5/5

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