This course looks at how to take investor objectives and constraints and turn them into a portfolio which aims at achieving an expected return and level of risk appropriate for the investor. In this free course, Asset allocation in investment, portfolio optimisation techniques such as portfolio theory can be used to determine how much of an investor’s portfolio to put in each asset class. Portfolio theory can also be used to determine so-called model portfolios which offer optimised benchmarks for investors with the same objectives and constraints.
Overview
Syllabus
- Introduction
- Learning outcomes
- 1 Model portfolios and asset classes
- 1 Model portfolios and asset classes
- 1.2 Investor objectives
- 2 Risk and return expectations
- 2 Risk and return expectations
- 2.1 Identifying client attitude to risk
- 3 Pensions at a glance
- 3 Pensions at a glance
- 3.1 Equities in pension funds
- 4 Choosing asset classes
- 4 Choosing asset classes
- 4.1 Trends in asset classes
- 4.2 Changing asset allocation over time
- 4.3 Decline in demand for equities 1
- 4.4 Decline in demand for equities 2
- 5 Yale endowment case study
- 5 Yale endowment case study
- 5.1 Yale endowment asset allocation
- 6 Introduction to investment policy
- 6 Introduction to investment policy
- 6.1 The investment process
- 6.2 Alpha case study
- 6.3 CalPERS case study
- 7 Ethics and regulation
- 7 Ethics and regulation
- 7.1 Ethics and regulations
- 7.2 Investment advice in practice
- Conclusion
- References
- Acknowledgements
