Bond portfolio management and equity (markets and instruments) evalutation
Scientific Disciplinary Sector (SSD)
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS
Primo semestre (lauree magistrali) dal Oct 3, 2022 al Dec 23, 2022.
In the first part, the course focuses on the valuation of bonds (both government and corporate), first at the level of individual bond and then at the aggregate portfolio level, in order to appreciate the main management policies, passive and active, of portfolios composed by bonds only and by bonds and derivatives. In the second part, the course deals with the equity evaluation criteria and the way financial markets operate.
Prerequisites and basic notions
Basic notion of financial mathematics
The evaluation criteria and indicators of the return and risk of equities.
Markowitz's portfolio selection theory.
The Capital Asset Pricing Model (CAPM).
Equity portfolio management strategies.
The bond and equity markets managed by Borsa Italiana.
The topics of the second part of the course are covered in the following chapters of the textbook: 8, 9, 10, part of 12 dedicated to equity portfolios, 13 and part of 16 dedicated to the bond and equity markets managed by Borsa Italiana.
Visualizza la bibliografia con Leganto, strumento che il Sistema Bibliotecario mette a disposizione per recuperare i testi in programma d'esame in modo semplice e innovativo.
Teaching will be developed through lectures aimed at facilitating the understanding and interpretation
of theoretical concepts.
Learning assessment procedures
Regarding the second part of the program, there will be 3 questions (consisting of open theoretical questions and / or exercises to be solved by providing a comment on the results obtained).
The questions on the second part aim to verify the student's ability to critically analyze the topics covered. The 3 questions will be evaluated in total to a maximum of 14 points.