FINM7021 Funds Management

Offered By	School of Finance and Applied Statistics
Academic Career	Graduate Coursework
Course Subject	Financial Management
Offered in	Winter Session, 2009
Unit Value	3 units
Course Description	This course covers issues associated with professional funds management. Topics include the funds management industry, superannuation, managed fund products, asset allocation, stock selection and performance measurement. Topic 1: Introduction (The nature of the funds management industry, super funds, unit trusts, and hedge funds: types, objectives and strategies, investor preferences) Topic 2: Portfolio Analysis (Fundamentals of portfolio analysis, pricing of securities: CAPM and APT) Topic 3: Asset Allocation (Asset allocation strategies, strategic and tactical asset allocation, asset mix management) Topic 4: Strategies (Stock selection, active/passive strategy, portfolio construction and optimisation, performance of strategy over time, examples of stock selection decisions, market timing: using futures and options in active portfolio management) Topic 5: Performance and Measurement (Performance measurement, evaluating investment strategies, risk adjusted performance, stock selection and market timing performance, appraising fund performance)
Learning Outcomes	This course focuses on the management of funds such as superannuation. It provides students with an understanding of risk and return and portfolio constuction. Topics covered include CAPM, APT, convexity, immunisation, bond ratings,disciplined stock selection, managing asset mix, international investing, evaluating portfolio asset mix, IPOs, managing with options and technical analysis
Indicative Assessment	Take home exam and class participation.
Workload	19 hours face-to-face plus 65 hours.
Course Classification(s)	TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest	Finance
Eligibility	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with at least one year of university level study in quantitative analysis, including basic mathematics and data analysis techniques.
Assumed Knowledge and Required Skills	Introductory courses in both Accounting and Finance
Prescribed Texts	See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=FINM7021
Preliminary Reading	See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=FINM7021
Indicative Reading List	See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=FINM7021
Other Information	For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=FINM7021
Academic Contact	See http://ecocomm.anu.edu.au/courses/course.asp?code=FINM7021

The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.