Portfolio Management(G451)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| G451 | Portfolio Management | 5 | 3 | 0 | 0 | 3 | 5 |
| Prerequisites | G352 |
| Admission Requirements | G352 |
| Language of Instruction | English |
| Course Type | Elective |
| Course Level | Bachelor Degree |
| Course Instructor(s) | Muhammet Sergen AKARSU sakarsu@gsu.edu.tr (Email) |
| Assistant | |
| Objective | The aim of this course is to enable students to understand financial markets, institutions, and investment instruments, and to develop the ability to construct, manage, and evaluate investment portfolios. In addition to learning the fundamental theoretical models, students will examine different portfolio strategies and risk management practices, and develop an analytical and critical perspective in their investment decisions. |
| Content |
1) Introduction to Portfolio Management 2) Financial Markets, Institutions, and Market Microstructure 3) Pricing Fundamentals: Risk and Return 4) Financial Instruments I: Bonds and Stocks 5) Financial Instruments II: Mutual Funds and ETFs 6) Midterm Exam 7) Portfolio Theory 8) Asset Pricing Models: CAPM and Multifactor Models 9) Portfolio Applications I: Passive vs. Active Investing, Asset Allocation 10) Portfolio Applications II: Factor Strategies, Empirical Evidence, and Anomalies 11) Portfolio Applications III: Technical Analysis, Market-Neutral Strategies, ESG Investing 12) Portfolio Performance Evaluation 13) Derivatives and Portfolio Risk Management 14) Student Presentations |
| Course Learning Outcomes |
By the end of this course, students will be able to: - Identify and describe financial markets, institutions, and investment instruments, and explain their roles in the investment process. - Analyze the concepts of risk and return, and evaluate portfolio diversification and asset allocation decisions. - Apply fundamental asset pricing models to support investment decisions. - Examine different portfolio strategies and utilize risk management techniques. - Evaluate portfolio performance and critically interpret the results. |
| Teaching and Learning Methods | |
| References |
- Bodie, Z., Kane, A., & Marcus, A. J. (2023). Investments, (13th ed.). McGraw Hill LLC. - Reilly, F. K., Brown, K. C., & Leeds, S. J. (2019). Investment Analysis and Portfolio Management, (11th ed.). Cengage Learning. - Bolak, M. (2001). Sermaye Piyasası, Menkul Kıymetler ve Portföy Analizi, 4.basım. Beta Basım. |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Introduction to Portfolio Management |
| 2 | Financial Markets, Institutions, and Market Microstructure |
| 3 | Pricing Fundamentals: Risk and Return |
| 4 | Financial Instruments I: Bonds and Stocks |
| 5 | Financial Instruments II: Mutual Funds and ETFs |
| 6 | Midterm Exam |
| 7 | Portfolio Theory |
| 8 | Asset Pricing Models: CAPM and Multifactor Models |
| 9 | Portfolio Applications I: Passive vs. Active Investing, Asset Allocation |
| 10 | Portfolio Applications II: Factor Strategies, Empirical Evidence, and Anomalies |
| 11 | Portfolio Applications III: Technical Analysis, Market-Neutral Strategies, ESG Investing |
| 12 | Portfolio Performance Evaluation |
| 13 | Derivatives and Portfolio Risk Management |
| 14 | Student Presentations |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 3 | 60 |
| Contribution of final exam to overall grade | 1 | 40 |
| Toplam | 4 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 1 | 15 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 25 |
| Project | 1 | 20 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Make-up | 0 | 0 |
| Toplam | 3 | 60 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge. | X | ||||
| 2 | The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods. | X | ||||
| 3 | The ability to work effectively in a team; the ability to pass on knowledge to other members of the team. | X | ||||
| 4 | The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary. | X | ||||
| 5 | The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business. | X | ||||
| 6 | Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired. | X | ||||
| 7 | Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment. | X | ||||
| 8 | Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages. | X | ||||
| 9 | The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions. | X | ||||
| 10 | Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions. | X | ||||
| 11 | Consciousness of taking into account ethical values, when making decisions and being involved in business life. | X | ||||
| 12 | Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences. | X | ||||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 2 | 28 |
| Assignments | 12 | 1 | 12 |
| Midterm Examinations (including preparation) | 1 | 12 | 12 |
| Final Examinations (including preparation) | 1 | 20 | 20 |
| Total Workload | 114 | ||
| Total Workload / 25 | 4.56 | ||
| Credits ECTS | 5 | ||