Studying at the University of Verona
Here you can find information on the organisational aspects of the Programme, lecture timetables, learning activities and useful contact details for your time at the University, from enrolment to graduation.
Study Plan
This information is intended exclusively for students already enrolled in this course.If you are a new student interested in enrolling, you can find information about the course of study on the course page:
Laurea magistrale in Banca e finanza - Enrollment from 2025/2026The Study Plan includes all modules, teaching and learning activities that each student will need to undertake during their time at the University.
Please select your Study Plan based on your enrollment year.
1° Year
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2° Year activated in the A.Y. 2020/2021
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Legend | Type of training activity (TTA)
TAF (Type of Educational Activity) All courses and activities are classified into different types of educational activities, indicated by a letter.
Bond portfolio management and equity (markets and instruments) evalutation (2019/2020)
Teaching code
4S006068
Teacher
Coordinator
Credits
9
Language
Italian
Scientific Disciplinary Sector (SSD)
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS
Period
primo semestre magistrali dal Sep 30, 2019 al Dec 20, 2019.
Learning outcomes
Nella prima parte – la più corposa - il corso si focalizza sulla valutazione dei titoli obbligazionari (governativi e corporate), prima a livello di singolo titolo e poi a livello aggregato di portafoglio, per giungere ad apprezzare le principali logiche di composizione e gestione, passiva ed attiva, di portafogli composti da soli titoli e da titoli e strumenti derivati. Nella seconda parte, il corso affronta l’analisi dei criteri di valutazione dei titoli azionari e delle logiche di costruzione/gestione a livello aggregato di portafoglio.
Program
1. The yield and risk analysis both at single bond and at portfolio level
2. The immusization policy for fixed income bond portfolio
3. The portfolio convexity and the yield curve non parallel shifts
4. The use of bond futures contracts in managing government bond portfolios
5. From the yield curve to the term structure
6. The floating rate notes
7. The OTC derivatives
8. Corporate bond analysis: the spread evaluation
9. The return analysis for stocks
10. The risk analysis at single stock and at portfoglio level
11. Equity portfolio passive and active management policies
Text books
P. L. FABRIZI (a cura di), “Economia del mercato mobiliare”, Egea, VI edizione, Milano, 2016, limited to the following chapters:
cap. 4. I criteri di valutazione e gli indicatori del rendimento dei titoli obbligazionari
cap. 5. I criteri di valutazione e gli indicatori della liquidità dei titoli obbligazionari
cap. 6. I criteri di valutazione e gli indicatori del rischio dei titoli obbligazionari
cap. 7. La curva dei rendimenti per scadenze
cap. 8. I criteri di valutazione e gli indicatori del rendimento e del rischio dei titoli azionari
cap. 12. Le strategie di gestione dei portafogli azionari ed obbligazionari
cap. 17. L'utilizzo degli strumenti derivati nella gestione di portafoglio
Author | Title | Publishing house | Year | ISBN | Notes |
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Fabrizi Pierluigi | Economia del mercato Mobiliare | Egea | 2016 | 9788823822160 |
Examination Methods
The final examination is usually in written format trough a first part with multiple choice and a second part with case studies.
In the summer session, due to the peculiar situation linked to COVID 19, the final examination will be organized as follow only in oral format. Please get in touch with the course coordinator (<emanuelemaria.carluccio@univr.it>) in order to organize the oral exam.