COURSE SYLLABUS FINA 449 PRACTICUM IN PORTFOLIO MANAGEMENT Spring 2014 INSTRUCTOR: OFFICE: E-MAIL: WEB SITE: Course Resources: CFA Ethics Module: Dr. Herman Manakyan 224 Perdue Hall firstname.lastname@example.org http://facultyfp.salisbury.edu/hxmanakyan k:\user\school\perdue\Fina\Fina449-Manakyan OFFICE HOURS: TuTh 3:30-5:00 pm, W 2:00-3:30pm Available other times by appointment The Wall Street Journal, various Business periodicals. Additional readings to be assigned during the semester. RECOMMENDED READING: http://www.cfainstitute.org/learning/products/onlinelearning/Pages/62901.aspx ENROLLMENT POLICY: Completion of FINA 441, and approved application. COURSE DESCRIPTION: This course is made possible by funding from the Judkins Family, the Perdue School and SU Foundation. As a result of this funding, the students in this course have been awarded the management of an approximately $500,000 equity portfolio. The purpose of this course is to provide practical hands-on experience in security analysis and selection, portfolio construction, management, and maintenance. The course is designed to assist students in implementing investments and portfolio management theory in practice. Students will make all material decisions regarding the management of the portfolio. ATTENDANCE: Attendance at all scheduled class functions is mandatory. On a number of occasions, the class may be required to meet outside of the regularly scheduled time. Also, team meetings and other activities may be conducted outside of scheduled class meetings. A major component of the course is the group dynamics and discussion involved in managing a portfolio in a team setting. Any absences detract from this experience, and will negatively impact your course participation grade. PARTICIPATION: Each student is expected to participate in all team activities, class activities, and to regularly contribute to all class discussions and decisions. In addition, positive contribution to team efforts in preparation and presentation of reports is required. The professor will be making a daily assessment of each student’s contributions to class discussion and activities. Important announcements and communication will regularly be distributed by e-mail. CFA ETHICS MODULE: The Investments Track of the Finance major at the Perdue School of Business is the first in the State of Maryland to be recognized by the CFA Institute. As a requirement for the CFA Institute’s University Recognition Program, students enrolled in this course are required to complete a 7-part online course that covers the Ethics and Professional Standards Module. TEAM ASSIGNMENTS: Throughout the semester, students will be assigned to teams to conduct various types of analysis, prepare various reports, and make presentations to the class and other constituents, to facilitate sound decision making in the management of the portfolio. ALL reports require written AND oral presentation. All team members are expected to be active participants. Each student will be given an opportunity to evaluate the contributions of each team member at the end of the semester. This evaluation will be considered as part of the participation grade for both the evaluator and the evaluatee. PROFESSIONAL INTERACTION: An important component of the course is professional interaction. Students will be expected to participate in opportunities to interact with business and investment professionals during the semester, both individually and as a group. These opportunities may include site visits, tours or team assignments requiring interaction with professionals. In addition, all teams will be expected to participate in a presentation to the Economics and Finance Department Advisory Council. INTEGRATED TOPICS: Writing across the curriculum will be met by the course project and examinations. Discussions on ethics will be conducted throughout the semester as appropriate. International concepts will be introduced throughout the semester as appropriate. The course project requires extensive use of computer resources. COURSE STRUCTURE: Week1 Assignment of teams Assignment of Economic Sector Responsibilities Week 2 & 3 Reports on Economic and Industry Analysis Week 4 Strategic Asset Allocation recommendations/decisions Week 5 -14 (Review of existing holdings, and hold/sell recommendations) Security Analysis reports and buy recommendations Ongoing review, re-evaluation, and recommendations for modification. Week 4, 8, 12 Preparation of monthly status reports Week 14-15 End-of semester performance analysis reports Week 15 Presentation to Economics and Finance Advisory Council Week 15 Preparation of portfolio for the unmanaged periods GRADING: The course grade will be determined according to the following formula: Weight Written and Oral Reports: 70% Completion of the Ethics Module 10% Participation 20% POLICY ON ACADEMIC INTEGRITY: Be warned: cheating is at the top of my list of unacceptable behavior on the part of my students. Students should take particular care to avoid plagiarism (presenting someone else’s thoughts, ideas, or analysis as your own without proper citation). While the Internet is a valuable resource for your research, careless “cutting and pasting” is plagiarism and is not acceptable. When paraphrasing someone else’s work, those ideas should not be presented as your own and the source of those ideas must be properly referenced. Refer to the MLA Handbook (available in the library) for proper citation techniques. Please refer to the Salisbury University Student Handbook for more information on university policies relating to Academic Integrity. UNIVERSITY WRITING CENTER: At the University Writing Center (directly above the Fireside Lounge in the Guerrieri University Center, Room 213), trained consultants are ready to help you at any stage of the writing process. It is often helpful for writers to share their work with an attentive reader, and consultations allow writers to test and refine their ideas before having to hand papers in or to release documents to the public. In addition to the important writing instruction that occurs in the classroom and during teachers’ office hours, the center offers another site for learning about writing. All students are encouraged to make use of this important service. For more information about the writing center’s hours and policies, visit the writing center or its website at www.salisbury.edu/uwc. (410-677-3154) DISABILITY NOTICE: Any student who requires an accommodation in this course based on a disability and needs assistance must contact the Office of Disability Support Services (OSDSS) (Guerrieri University Center: Room 256; 410-548-4503) as soon as possible. Upon contact, this office will arrange for a meeting to coordinate any and all accommodations, including review your request, contacting the professors or other personnel to make arrangements for appropriate modification and/or assistance.