PORTFOLIO MANAGEMENT
MSc Programmes
Module Handbook 2013/14
Business Faculty
Plekhanov Russian University of Economics
Contents

Lecturer

Aims and Objectives

Delivery Mechanisms

Summative Assessments

Formative Assessment

Tutorials/Seminars

Communication

Obtaining Help

Main Textbooks

Course Outline

Tutorial/Seminar Questions
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PORTFOLIO MANAGEMENT
MSc Programmes
Module handbook 2013/14
Lecturer:
Otto Khatamov (Senior Lecturer)
Tel:
E-Mail: mr.khatamov@mail.ru
MODULE AIMS AND OBJECTIVES:
This module aims to:
 develop students’ knowledge and understanding of key issues in asset allocation
and portfolio composition and management at an advanced level;
 provide students with the opportunity to develop the ability to critically
understand current theoretical and empirical research in the field of portfolio
theories and their implications on alternative portfolio composition and
management strategies.
Learning Outcomes
Upon completion of the module, you should have:
 used highly specialised and advanced technical, professional and academic skills
in asset allocation and composition and management of portfolios;
 explored, understood and appreciated the complexity and contradictions of the
current academic literature and its implications for professional practice, and be
able to identify open questions for their own research;
 demonstrated ability to learn and work independently in this area, exercising
critical judgement and discrimination in the resolution of complex problematic
situations;
 practised problem solving and analytical skills in a complex specialised context.
In addition, you should also have developed further the following key skills:
 Written Communication - e.g. by completing summative assessment
 Interpersonal Communication - e.g. by working in teams to prepare the discussion
for group presentations; using e-mail to communicate with other students and
class leaders; discussing prepared material in classes with both the class leader
and other students in the group.
 Oral Presentation - e.g. by giving group presentations and explaining the answers
to class questions to other students and the class leader; in general, by actively
participating in discussion during classes.
 Planning, Organisation and Time Management - e.g. by working in teams;
preparing for classes; observing the strict assignment deadlines; revising relevant
material before lectures; preparing for examinations.
 Problem Solving and Analysis - e.g. by applying the necessary analytical and
quantitative skills, as well as the ability to manipulate concepts in market
microstructure, in answering class questions and undertaking assessed work.
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Initiative - e.g. by organising teamwork and group presentations; searching
relevant literature and information in preparation of the formative essay.
Numeracy - e.g. by applying core mathematical and statistical skills to answer a
range of class and examination questions.
Computer Literacy and Information Retrieval - e.g. by word-processing formative
assignments; using e-mail to communicate with the class leader and other
students; undertaking bibliographical search and information retrieval for studentcentred learning.
DELIVERY MECHANISMS
 Lecture:
4-hours per week
 Tutorial/Seminar: 2-hours per fortnight (3 seminars)
Seminars/computer labs are designed to give students the opportunity to explore
issues in depth and participate in discussion on contemporary issues related to the
topics covered.
SUMMATIVE ASSESSMENT
The summative assessment is by a 3000 word (maximum) written assignment
YOUR COMPLETED ASSIGNMENT MUST BE SUBMITTED TO THE MSc
OFFICE NO LATER THAN 12PM ON….
COMMUNICATION:
Staff will communicate with students via announcements in lectures and classes,
notices by e-mail, and during the consultation hours. All students should also check
their e-mail for messages. If students wish to communicate with fellow class group
members on matters relating to the module they may do so by e-mail.
OBTAINING HELP
Students who are experiencing difficulties regarding this module should contact the
member of staff responsible for their class group in the first instance. All staff
teaching on the module will have regular consultation hours. Alternatively, students
can contact the relevant member of staff by e-mail to raise difficulties or to arrange a
meeting. Students may also contact the module leader to discuss difficulties.
MAIN TEXTBOOKS
The main textbooks for this module is:
 Z. Bodie, A. Kane and A. J. Marcus, (2005), Investments, Irwin, 6th edition or
latest edition 7th if available.
 F. K. Reilly and K. C. Brown (2005), Investment Analysis and Portfolio
Management, Thomson – South-Western, 8th edition
 J. L. Maginn, D. L. Tuttle, J. E. Pinto and D. W. McLeavey (2007), Managing
Investment Portfolios: A dynamic process, Wiley, 3rd edition
Note: not all topics of this module are covered in these textbooks. Detailed reading
list on each topic will be given at lecture. Further references, wherever necessary, will
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be provided during the lecture sessions. Students should also undertake their own
search for additional relevant literature and follow up relevant references contained in
the literature identified below.
COURSE OUTLINE
 Investment Policy Statement
 Expected Returns and Risk
 Capital Allocation
 Asset allocation
 Efficient Market Hypothesis
 Passive Investments
 Active Investments
 Portfolio Performance Evaluation
 Fixed Income Securities:
 Analysis and valuation
 Managing fixed income securities
 Derivative Securities and Portfolio Risk Management
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