FM-BINUS-AA-FPA-13/V2R0
BINUS UNIVERSITY INTERNATIONAL
FINC6178020
Portfolio Management
SCU
Contact Hours
Pre-requisite(s)
Teaching Team
4 Credit(s)
200 minutes x 13 weeks
Course Outline
Odd Semester 2022-2023
Syllabus Designed by
Reviewed by
Checked by
Approved by
Updated on
University of NewCastle
Yulia Magdalena, S.E., S.Kom., M.MSI
Yen Sun, S.E., M.Buss.
Yen Sun, S.E., M.Buss.
(17/07/21)
BINUS UNIVERSITY INTERNATIONAL
The Joseph Wibowo Center for Advanced Learning (JWC)
JL. Hang Lekir I No. 6, Senayan, Jakarta 10270, Indonesia
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1.
Course Description
This course begins with an overview of investment environment and products, and then provides students
with a solid foundation in modern portfolio theory and demonstrates its applications to portfolio
management. Alternative asset allocation models are introduced to equip students in developing and
implementing investment strategies, assessing and controlling portfolio risk, and evaluating portfolio
performance. The course takes students beyond investment theories and trains them to use widely
available technology to perform quantitative modelling using real world data. The course covers ASIC
RG146 specialised knowledge requirements in the areas of funds management and managed
investments.
2.
Study Program Specific Outcomes
Study Program Specific Outcomes
SO - 3
Able to analyze financial statements, management reports, business and control risks and give
the recommendation to improve effectiveness of entities’ financial performance;
SO - 9
Able to identify any apparent ethical issues, implications, and conflicts in the work
environment; and develop concerns for social responsibilities, public impact, and laws &
regulations (i.e., ethical principles and commitment to the public interest);
3.
Learning Outcomes
Upon successful completion of this course, students are expected to be able to:
1. Understand the investment environment, institutional investment and empirical evidence on
security performance;
2. Develop mean-variance efficient portfolios using appropriate technology;
3. Demonstrate critical thinking, analytical and problem solving skills in the context of portfolio
construction and management;
4. Evaluate the performance of a portfolio and evaluate risk exposures;
5. Critically evaluate the advantages and disadvantages of international diversification;
6. Communicate investment portfolio decisions to potential investors;
7. Demonstrate communication, planning, problem-solving and presentation skills individually and as a
part of a team
4.
Course Structure
Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive
workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent
study per week.
5.
Course Requirements
Students are required to spend on average 120-140 hours of effort (contact and non-contact) including
assessments per 10 unit course.
6.
Text and Other Resources
6.1. Text
• Bodie, Z., Kane, A., and A. Marcus (2019). ISE Essentials of Investments, 11tht ed. Australia: McGrawHill/Irwin. ISBN: 9781260288391
6.2. Other Resources
• None
FINC6178020 - Portfolio Management
BINUS UNIVERSITY INTERNATIONAL
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Schedule
Week
1.
2.
Topics
The investment environment,
market efficiency and investment
philosophies
Risk and return revisited
3.
Portfolio evaluation
4.
Risk aversion and asset allocation
5.
Optimal risky portfolios
6.
• Assessment 1 due: Thursday
of week 6, by 11:59pm
Momentum and technical analysis
7.
8.
:
:
References
Bodie et al.
Chapters 1, 3, 8 &
22
Bodie et al. Chapter
5
Bodie
et
al.
Chapters 18
Bodie et al. Chapter
5 & 18
Bodie et al. Chapter
6
Learning Outcomes
LO 1 - 7
Jegadeesh
and
Titman (2001)
Damodaran
(2012a)
Damodaran
(2012b)
Bodie et al.
Chapters 12 & 13.
LO 1 - 7
Bodie et al.
Chapters 4 & 20
Bodie et al.
Chapter 19
LO 1 - 7
LO 1 - 7
LO 1 - 7
LO 1 - 7
LO 1 - 7
8.
Value investing and fundamental
indexing
Small cap and growth investing
LO 1 - 7
9.
Fundamental analysis
10.
• Assessment 2 due: Thursday
of week 9 by 11:59pm
Managed Funds
11.
International diversification
12.
International diversification
LO 1 - 7
13.
• Assessment 3 due: day of
workshop, Week 12 by
11:59pm
• Assessment 3: Presentation
during workshop – Week 12
Revision
LO 1 - 7
LO 1 - 7
LO 1 - 7
LO 1 - 7
Assessment
8.1 Assessment Summary
The assessment for the defined course learning outcomes will be conducted throughout the course as
detailed in Section 8.4. The assessment summary and alignment between the assessment tasks and the
course objectives is defined in the table below. A list of assessment rubrics used will also be provided,
indicating the assessment standards and criteria that a student can follow to succeed in this course.
No.
1.
2.
3.
4
Components
Problem Set 1
Problem Set 2
Group Research
Presentation
Final Examination
Report
FINC6178020 - Portfolio Management
BINUS UNIVERSITY INTERNATIONAL
Percentage
&
Learning Outcomes
15%
15%
30%
LO 1, 2, 3, 7
LO 3, 4, 6, 7
LO 1,3, 6, 7
40%
LO 1,3,4,5,6
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8.1. Class Policies
To optimise individual learning, students are expected to:
▪ Attend all lectures since failure to attend a set number of lectures may prohibit the student to sit in the
examinations (as indicated in the Student Handbook);
▪ Attend the scheduled tutorial wherein students can discuss given problems;
▪ Read the textbook on the prescribed topics and the tutorial questions prior to the scheduled lectures
and tutorials;
▪ Proactively review their own learning progress and approach the lecturer/tutor as soon as an additional
academic assistance is needed;
▪ Periodically access their New Binus Maya account to download lecture notes, if provided; and
▪ Work individually on each quiz, some of which may be given without any previous notice.
8.2. Submission and Collection of Assessment
In regards to the given assignments, students are expected to:
▪ Periodically access their New Binus Maya account to download the tutorial assignment questions;
▪ Submit the assignment by the given due date since a late submission will not be accepted;
▪ Work individually on either home written and computing assignments although performing a groupstudy is encouraged.
▪ The mark for an assessment item submitted after the designated time on the due date, without an
approved extension of time, will be reduced by 10% of the possible maximum mark for that assessment
item for each day or part day that the assessment item is late. Note: this applies equally to week and
weekend days.
8.4. Assessment Descriptions
• Assessment 1 – Problem Set 1
Students apply critical thinking and problem solving to answer three problem questions that require
data analysis and clear written communication of results. Written Assignment, Maximum 2500 words
(excluding tables, figures & references).
The assignment will be graded against the following five (5) criteria:
Correct calculations and analysis of financial markets data.
Correct analysis of portfolio performance using appropriate techniques.
Logic and coherency in information evaluation and organisation.
Critical analysis and synthesis of results to answer problem questions.
Clarity of written expression in communicating outcomes.
•
Assessment 2 - Problem Set 2
Students apply critical thinking and problem solving to answer three problem questions that require
data analysis and clear written communication of results. Written Assignment. Maximum 2500 words
(excluding tables, figures & references).
The assignment will be graded against the following five (5) criteria:
Correct calculations and analysis of portfolio returns data.
Correct analysis of portfolio performance using appropriate techniques.
Logic and coherency in information evaluation and organisation.
Critical analysis and synthesis of results to answer problem questions.
Clarity of written expression in communicating outcomes
•
Assessment 3 - Group Research Report and Presentation
Students work in groups and select an investment strategy and describe and evaluate a portfolio
that applies this strategy. The written project is submitted via Turnitin and the investment
strategy is presented in class during Week 12. The written project and oral presentation will
carry a weight of 25% and 5%, respectively. Marking rubrics for the written project and oral
presentation will be available with the assessment document. Presentation. Maximum 3500
words (excluding tables, figures & references)
The assignment will be graded against the following five (5) criteria:
FINC6178020 - Portfolio Management
BINUS UNIVERSITY INTERNATIONAL
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Correct calculations and analysis of financial markets and accounting data.
Appropriate analysis of data to support analyst recommendations.
Logic and coherency in information evaluation and organisation.
Critical analysis and synthesis of results to answer problem questions.
Clarity of written and oral presentation
Assessment 4 - Final Examination
The final exam will require you to interpret problem-based questions to demonstrate critical
thinking. Analytical and problem-solving skills in the context of investment theories and practices.
Five (5) criteria will be used:
Demonstrated understanding of theory and relevant concepts
Demonstrated application of portfolio theories and models to solve investment
problems
Accuracy of information/argument
Clarity of expression
Relevance to the question
General Information
Students are required to be familiar with the BINUS UNIVERSITY - Code of Conduct, and to abide by its terms
and conditions.
9.1. Copying of Copyright Material by Student
A condition of acceptance as a student is the obligation to abide by the University’s policy on the copying of
copyright material. This obligation covers photocopying of any material using the University’s photocopying
machines, and the recording off air, and making subsequent copies, of radio or television broadcasts, and
photocopying textbooks. Students who flagrantly disregard University policy and copyright requirements
will be liable to disciplinary action under the Code of Conduct.
9.2. Academic Misconduct
Please refer to the Code of Conduct for definitions and penalties for Academic Misconduct, plagiarism,
collusion, and other specific acts of academic dishonesty.
Academic honesty is crucial to a student's credibility and self-esteem, and ultimately reflects the values and
morals of the University as a whole. A student may work together with one or a group of students discussing
assignment content, identifying relevant references, and debating issues relevant to the subject. Academic
investigation is not limited to the views and opinions of one individual, but is built by forming opinion based
on past and present work in the field. It is legitimate and appropriate to synthesize the work of others,
provided that such work is clearly and accurately referenced.
Plagiarism occurs when the work (including such things as text, figures, ideas, or conceptual structure,
whether verbatim or not) created by another person or persons is used and presented as one’s own creation,
unless the source of each quotation or piece of borrowed material is acknowledged with an appropriate
citation.
Encouraging or assisting another person to commit plagiarism is a form of improper collusion and may
attract the same penalties.
To prevent Academic Misconduct occurring, students are expected to familiarize themselves with the
University policy, the Subject Outline statements, and specific assignment guidelines. Students should also
seek advice from Subject Leaders on acceptable academic conduct.
9.2.1. Guidelines to Avoid Plagiarism
Whenever you copy more than a few words from any source, you must acknowledge that source by
putting the quote in quotation marks and providing the name of the author. Full details must be
provided in your bibliography.
If you copy a diagram, statistical table, map, etc., you must acknowledge the source. The
recommended way is to show this under the diagram. If you quote any statistics in your text, the
source should be acknowledged. Again full details must be provided in your bibliography.
Whenever you use the ideas of any other author you should acknowledge those, using the APA
(American Psychological Association) style of referencing.
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Students are encouraged to co-operate, but collusion is a form of cheating. Students may use any
sources (acknowledged of course) other than the assignments of fellow students. Unless your Subject
Leader informs you otherwise, the following guideline should be used:
Students may work together in obtaining references, discussing the content of the references and
discussing the assignment, but when they write, they must write alone.
9.2.2. Referencing for Written Work (where applicable)
Referencing is necessary to acknowledge others' ideas, avoid plagiarism, and allow readers to access
those others’ ideas. Referencing should:
1. Acknowledge others' ideas;
2. Allow readers to find the source;
3. Be consistent in format and
4. Acknowledge the source of the referencing format.
To attain these qualities, the school recommends use of either the Harvard or American Psychological
Association (APA) style of referencing, both of which use the author/date.
9.2.3. Referencing Standards
APA style referencing.
9.2.4. Disclaimer
Every effort will be made to ensure that the teaching, learning and assessment activities of this course
are given as described. Any unpublished changes for course improvement will be notified and
discussed in class. However, circumstances may occasionally make this impossible, and BINUS
UNIVERSITY therefore reserves the right to add, alter or withdraw particular information contained
in this syllabus.
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BINUS UNIVERSITY INTERNATIONAL
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Approval
Prepared by,
Reviewed by,
(The Course Outline Developer).
Subject Matter Expert
Yulia Magdalena, S.E., S.Kom., M.MSI
Academic Resources Center Manager
BINUS UNIVERSITY INTERNATIONAL - International
Undergraduate Program
Checked by,
Approved by,
Yen Sun, S.E., M.Buss.
Subject Content Coordinator- Finance
BINUS UNIVERSITY INTERNATIONAL - International
Undergraduate Program
Yen Sun, S.E., M.Buss.
Head of Program- Finance
BINUS UNIVERSITY INTERNATIONAL - International
Undergraduate Program
FINC6178020 - Portfolio Management
BINUS UNIVERSITY INTERNATIONAL
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