Portfolio Management

Portfolio Management

Portfolio Management: An Overview

Risk Management: An Introduction

Portfolio Risk and Return: Part I

Portfolio Risk and Return: Part II

Basics of Portfolio Planning and Construction

  1. A Portfolio Perspective on Investing
  1. Investment Clients
  1. Steps in the Portfolio Management Process
  1. Pooled Investments

2.1. Portfolio Diversification: Avoiding Disaster

2.2. Portfolios: Reduce Risk

2.3. Portfolios: Composition Matters for the Risk–Return Trade-off


2.5. Portfolios: The Emergence of Modern Portfolio Theory

2.4. Portfolios: Not Necessarily Downside Protection

3.1. Individual Investors

3.2. Institutional Investors

3.2.2. Endowments and Foundations

3.2.3. Banks

3.2.1. Defined Benefit Pension Plans

3.2.4. Insurance Companies

3.2.5. Investment Companies

3.2.6. Sovereign Wealth Funds

4.2. Step Two: The Execution Step

4.3. Step Three: The Feedback Step

4.1. Step One: The Planning Step

5.2. Types of Mutual Funds

5.3. Other Investment Products

5.1. Mutual Funds

5.2.1. Money Market Funds

5.2.2. Bond Mutual Funds

5.2.3. Stock Mutual Funds

5.2.4. Hybrid/Balanced Funds

5.3.1. Exchange Traded Funds

5.3.2. Separately Managed Accounts

5.3.3. Hedge Funds

5.3.4. Buyout and Venture Capital Funds

Demand analysis

Demand analysis

Demand analysis

Risk management

  1. The Risk Management Process
  1. Risk Governance
  1. Identification of Risks
  1. Measuring and Modifying Risks

3.1. An Enterprise View of Risk Governance

3.2. Risk Tolerance

3.3. Risk Budgeting

4.1. Financial Risks

4.2. Non-Financial Risks

4.3. Interactions between Risks

5.1. Drivers

5.2. Metrics

5.3. Methods of Risk Modification

5.3.1. Risk Prevention and Avoidance

5.3.2. Risk Acceptance: Self-Insurance and Diversification

5.3.3. Risk Transfer

5.3.4. Risk Shifting

5.3.5. How to Choose Which Method for Modifying Risk

Portfolio Risk and Return

  1. Investment Characteristics of Assets

2.1. Return

  1. Risk Aversion and Portfolio Selection
  1. Portfolio Risk
  1. Efficient Frontier and Investor’s Optimal Portfolio

2.2. Other Major Return Measures and their Applications

2.3. Variance and Covariance of Returns

2.4. Historical Return and Risk

2.5. Other Investment Characteristics

3.1. The Concept of Risk Aversion

3.2. Utility Theory and Indifference Curves

3.3. Application of Utility Theory to Portfolio Selection

4.1. Portfolio of Two Risky Assets

4.2. Portfolio of Many Risky Assets

4.3. The Power of Diversification

5.1. Investment Opportunity Set

5.1. Investment Opportunity Set

5.2. Minimum-Variance Portfolios

5.3. A Risk-Free Asset and Many Risky Assets

5.4. Optimal Investor Portfolio

  1. Capital Market Theory
  1. Pricing of Risk and Computation of Expected Return
  1. The Capital Asset Pricing Model
  1. Beyond the Capital Asset Pricing Model

2.1. Portfolio of Risk-Free and Risky Assets

2.2. The Capital Market Line

3.1. Systematic Risk and Nonsystematic Risk

3.2. Calculation and Interpretation of Beta

4.1. Assumptions of the CAPM

4.2. The Security Market Line

4.3. Applications of the CAPM

5.1. The CAPM

5.2. Limitations of the CAPM

5.3. Extensions to the CAPM

5.4. The CAPM and Beyond

Basics of Portfolio Planning and Construction

  1. Portfolio Planning
  1. Portfolio Construction

3.1. Capital Market Expectations

2.1. The Investment Policy Statement

2.2. Major Components of an IPS

2.3. Gathering Client Information

3.2. The Strategic Asset Allocation

3.3. Steps Toward an Actual Portfolio

3.4. Additional Portfolio Organizing Principles

2.2.1. Risk Objectives

2.2.2. Return Objectives

2.2.3. Liquidity

2.2.4. Time Horizon

2.2.5. Tax Concerns

2.2.6. Legal and Regulatory Factors

2.2.7. Unique Circumstances