ADMS 4501 – Advanced Portfolio Management

Summer 2014 –Tentative Outline

Section A: Thursday: 11:30am - 2:30pm Room: HNE 035
Instructor: Lois King Email:
Moodle
All files you will need for this 4501 course are kept on a platform called Moodle.
Please see Page 3 for accessing Moodle
Calendar Description:
This course undertakes a rigorous study of the theory and empirical evidence relevant to professional portfolio management. Students learn tools which enable them to manage risks, allocate among asset classes, detect mispriced securities, and measure the performance of portfolio managers.
Prerequisite / Co-Requisite:
Prerequisites: AK/ADMS3330 3.00; AK/ADMS3531 3.00.
(please note you will be de-enrolled if you do not have these pre-reqs)
Course credit exclusion: AK/ADMS 4500 3.00 (prior to Summer 2006).
Required Course Text / Readings:
Investment Analysis and Portfolio Management, FIRST CANADIAN EDITION
Authors: Reilly, Brown, Hedges, Chang (Publisher: Nelson 2010)
Additional Readings will be assigned
Expanded Course Description:
This course takes both a theoretical and real-world approach to studying portfolio management. It includes both an overview of modern portfolio theory as well as practical economic, industry and equity analysis. Current real-world issues such as the global financial crisis are incorporated into the course and students are expected to be ready to discuss current events as they affect portfolio management. Guest speakers from the financial industry make regular appearances. Group assignments and presentations are part of the course.

Organization of the Course (tentative):

Lecture / Date: / Material:
1 / May 8 / Overview of Portfolio Management
Ch.1- The Investment Setting
Ch.3- Global Investing (p.51- 57; 66-68 only)
Summary of the 2008 Financial Crisis
2 / May 15 / Ch.2- The Asset Allocation Decision
Articles: What went wrong at Harvard and U of T?
Sick Kids Foundation
Group AssignmentTopics assigned
3 / May 22 / Ch.6 - Review of MPT (self study!)
Ch.7 - Asset Pricing Models (CAPM & APT)
4 / May 29 / Ch.17- Money Management & Alternative Investments (p.531-558 only)
Group Written Assignments due at start of class
5 / June 5 / MidtermExam #1 (30%): In Class: 11:30-2:30pm
The midterm exam will cover topics taught in Lectures 1 to 4
6 / June 12
(early start?) / Ch.8 - Economic & Industry Analysis
Return of Assignments
7 / June 19 / Guest Speaker Class
Return of Midterm 1
8 / June 26 / \Ch 9 - Stock Analysis (p 231-247;255-257;266-269) plus CIBC handout
9 / July 3 / Ch.11 -Bond Fundamentals (self- study)
Ch.16 - Bond P/M Strategies (pages 492-510;516-518)
Ch 15 - Equity P/M Strategies (pages 455-477)
10 / July 10 / MidtermExam #2 (35%): In Class: 11:30-2:30pm
This midterm exam will cover topics taught in Lectures 6-9
11 / July 17 / Group Presentations 1-5
Return of Midterm 2
12 / July 24 / Group Presentations 6-10
Monday July 28
7pm-8:30pm / FinalExam (15%) – 60 minutes
The final test will cover the group presentations
Weighting of Course:
Group Assignment 10%
GroupPresentation10%
Midterm Exam 1 30%
Midterm Exam 2 35%
Final Exam 15%
Additional Information/Notes:
Moodle
All files you will need for this 4501 course are kept on a platform called Moodle.
You can access Moodle two ways:
1. Click on the “Moodle” folder on the right-hand side of the regular York course website (see URL on top of previous page)
2.Go to York's Moodle site:
Login on top right-hand corner with your Passport York ID and password.
Click on AP/ADMS 4501 A–Advanced Portfolio Managementlink
MISSED EXAMS
Please note that if a student misses amidterm or final exam due to a medical reason, an Attending Physician’s Statement (not just a medical note) will be the required standard documentation.
If one or bothmidterm exams is/are missed for a legitimate reason, the student will be required to write a comprehensive exam at the next exam date. If the final exam is missed, the student will be required to write a deferred final exam in January.
There are no alternate midterms or alternate final exams.
If a studentmisses bothmidterms and final exam, the student willnot be permitted to apply fordeferred status. Instead the student must petition to write the deferred exam or petition forlate withdrawal from the course.

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