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

The course is splittet into two moduls, strictly interconnected one each other: in the first part, the analysis/evaluation of the treasury and corporate bonds is done both at single bond level and at portfolio level. After the risk-return analysis, we analyze the management policies/strategies of a bond portfolio both active and passive.In the second part, the focus is on the equity evaluation and on the market structure.
Lectures may be integrated with experts’ insights on specific topics and/or small groups exercises.

1. Bond risk-return analysis
2. Risk-return analysis at portfolio level
3. Active and passive bond portfolio management tecniques and strategies
4. Measuring risks and returns of corporate bonds and corporate bonds portfolios
5. Using Bund Futures for Treasury bonds portfolios
6. OTC derivatives
7. Measuring risks and returns of equities
8. Equity portfolios management
9. Financial markets structure and management

Examination Methods

The exam will be organized in two parts: the first one with multiple choice and the second one with case studies to be discussed and exercises to be solved.