Investment_2016_Fall_651_WEB.pdf - Page 1 of 7 THE...

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Page 1 of 7 THE UNIVERSITY OF MICHIGAN-DEARBORN COLLEGE OF BUSINESS FIN 651 INVESTMENT PROCESS ANALYSIS AND MANAGEMENT Fall 2016 Instructor: Dr. Vivek Singh Office: FCS 132 Office Hours: By Appointment Section: 001 (WEB) Venue & Class hours: On Canvas Department Office: 313-583-6533 E-mail: [email protected] WWW: Go to COB website and login to Canvas using your UMD userid and password COURSE DESCRIPTION This course does an examination of the investment process and environment. The course covers analysis of the risks and returns of alternative investment media, including fixed income securities, stocks within the framework of various valuation models. We also make an introduction to the portfolio theory, portfolio management, and to the ideas of stock market efficiency. Wherever it is appropriate, the above topics will also be discussed in a global context. This course begins with the real meaning of investment and an introductory view of the investment environment. Then, we move straight into the discussion of the investment process with an emphasis on the critical first step – the investment policy statement, the road map for the investment journey. Before we discuss the core subjects, i.e. portfolio analysis/management and security analysis/valuation, we learn about the various classes of global financial instruments and their indexes, the structures and operations of global financial markets, and the investment companies. Afterwards, we discuss the risk-return analysis in details and the construction of a portfolio using the Markowitz approach, as well as the evaluation of the performance of the portfolio. As part of this discussion, we learn about the asset pricing models. Last but not least, we learn about the security selection process with an emphasis on the valuation of stocks and bonds, and an introduction to the management of bond portfolios. Keep in mind that analytical tools that you learn from the course materials are no substitute for the wisdom gained through experience, this course will offer you opportunities to simulate real world experience of investment planning and company stock analysis through assignments. In the process, you are expected to become proficient in using computer resources and information technology available on Internet for investment analysis and research.
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Page 2 of 7 At the completion of this course you should have a thorough understanding of the investment process that you can apply to both your personal and professional pursuits in the investment world. Be specific, you are expected to be able to develop the investment policy statement, construct a portfolio using the Markowitz approach to asset allocation, select stocks and bonds for your portfolio, and evaluate portfolio performance.
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  • Fall '16
  • Singh

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