In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios.
Este curso forma parte de Programa Especializado - Gestión de inversiones
Portfolio and Risk Management
ofrecido por
Acerca de este Curso
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Resultados profesionales del estudiante
38%
comenzó una nueva carrera después de completar estos cursos
37%
consiguió un beneficio tangible en su carrera profesional gracias a este curso
Habilidades que obtendrás
Portfolio TheoriesRisk ManagementValue At Risk (VAR)Portfolio Optimization
Resultados profesionales del estudiante
38%
comenzó una nueva carrera después de completar estos cursos
37%
consiguió un beneficio tangible en su carrera profesional gracias a este curso
100 % en línea
Comienza de inmediato y aprende a tu propio ritmo.
Curso 3 de 5 en
Fechas límite flexibles
Restablece las fechas límite en función de tus horarios.
Aprox. 13 horas para completar
Sugerido: 4 weeks of study, 1-3 hours/week
Inglés (English)
Subtítulos: Inglés (English)
Programa - Qué aprenderás en este curso
1 hora para completar
General Introduction and Key Concepts
In this introductory week, you will first be presented with a few mistakes you will no longer make after following this course. In order to avoid making these mistakes, you will start by gaining a foundation and understanding of the three main types of information we need in order to build optimal portfolios: expected returns, risk and dependence.
1 hora para completar
6 videos (Total 39 minutos), 2 lecturas, 1 cuestionario
6 videos
Some common mistakes you will no longer make after this course – Portfolio risk6m
Some common mistakes you will no longer make after this course – Free lunch9m
Distribution of returns - Graphical representation8m
Distribution of returns - Numbers5m
The risk-return trade-off - UBS guest speaker5m
2 lecturas
Course syllabus5m
Glossary10m
1 ejercicio de práctica
Graded quiz on the content of Week 110m
2 horas para completar
Modern Portfolio Theory and Beyond
The focus of this second week is on Modern Portfolio Theory. By understanding how imperfect correlations between asset returns can lead to superior risk-adjusted portfolio returns, we will soon be looking for ways to maximize the effect of diversification, which is at the heart of Modern Portfolio Theory. But we won’t stop there: we will also explore the implications of Modern Portfolio Theory on real-world investment decisions and whether or not these implications are followed by investors. Finally, we will see how Modern Portfolio Theory can be built upon to derive the most popular asset pricing model: the Capital Asset Pricing Model.
2 horas para completar
14 videos (Total 89 minutos)
14 videos
The impact of correlation - Maximizing diversification6m
Reaching the efficient frontier - UBS guest speaker4m
The efficient frontier with a risk-free asset4m
Expanding the asset universe - International diversification5m
Expanding the asset universe - Country versus industry diversification4m
Do investors diversify internationally? - UBS guest speaker3m
The impact of constraints on optimal portfolios8m
The pitfalls of Modern Portfolio Theory - Assumptions8m
The pitfalls of Modern Portfolio Theory - Investors9m
Two-fund separation - Individual decision4m
Two-fund separation - Market level7m
Capital market equilibrium - The Capital Market Line5m
Capital market equilibrium - The Capital Asset Pricing Model9m
1 ejercicio de práctica
Graded quiz on the content of Week 215m
2 horas para completar
Asset Allocation
This third week is dedicated to asset allocation. After a short introduction to investor profiling, we will delve into Strategic Asset Allocation (SAA). You will see how it relates to Modern Portfolio Theory and how it differs from Tactical Asset Allocation (TAA). We will look at how both asset allocations can be implemented separately but also in conjunction in order to build portfolios that fulfill investors’ needs and constraints while taking advantage of market opportunities.
2 horas para completar
14 videos (Total 96 minutos), 1 lectura, 1 cuestionario
14 videos
How our age and wealth affect our investment profile - Robo-advisors8m
The path from an investor's profile to his/her optimal investment strategy - UBS guest speaker2m
Strategic asset allocation: MPT in practice - Definitions6m
Strategic asset allocation: MPT in practice - Implementation8m
Asset allocation versus stock picking: what matters more? - UBS guest speaker4m
Rebalancing a portfolio to maintain the SAA - SAA versus TAA6m
Rebalancing a portfolio to maintain the SAA - Weights and bounds9m
Key drivers of tactical asset allocation - Goals8m
Key drivers of tactical asset allocation - Implementation4m
Timing the market with tactical asset allocation - Shiller's CAPE7m
Timing the market with tactical asset allocation - Macroeconomic tools10m
How tactical asset allocation depends on macroeconomic fundamentals - UBS guest speaker6m
How to combine strategic and tactical asset allocations - UBS guest speaker4m
1 lectura
The importance of asset allocation20m
1 ejercicio de práctica
Graded quiz on the content of Week 315m
2 horas para completar
Risk Management
This fourth and final week is dedicated to risk. We will start by looking in more depth at different sources of risk such as illiquidity and currency risk but also at the different tools available to investors to perform risk management. But how should we measure risk? We will see that it may be valuable to go a step beyond standard deviation, the risk measure we used so far, and look at the Value-at-Risk and Expected Shortfall which focus on potential large losses. Finally, we will use the financial instruments at our disposal to hedge market and currency risk.
2 horas para completar
14 videos (Total 95 minutos)
14 videos
Defining forwards and options - Options11m
Risk as volatility?4m
What about illiquidity? - UBS guest speaker2m
Currency risk - Return7m
Currency risk - Risk6m
Defining the Value-at-Risk4m
Computing the Value-at-Risk5m
Defining the Expected Shortfall6m
Computing the Expected Shortfall3m
Risk management applied to portfolio allocation6m
Banking regulation & Basel recommendations: How did we get there?7m
Hedging against market falls (using options)8m
Hedging against currency risk (using forwards)9m
1 ejercicio de práctica
Graded quiz on the content of Week 415m
Revisiones
Principales revisiones sobre PORTFOLIO AND RISK MANAGEMENT
por KSSep 9, 2016
Great! This course will help you learn how to make a proper portfolio which optimally matched to your risk&return preference and how to manage your portfolio's risk level with financial instruments.
por EMMay 3, 2018
Great course - wish there were more examples or exercises on the more technical, math-intensive topics like VaR and ES instead of just an extended explanation of the theory behind the formulas.
por WMSep 10, 2016
Thoroughly engaging presentation of a topic that was very much esoteric to me previously. I would highly recommend this course to anyone looking for insight into portfolio and risk management.
por SXMar 9, 2019
Great learning in this course, however the currency risk portion could have been explained in more detail and with more patience. It was a hard topic to grasp. But, overall a very good course.
por SSSep 30, 2016
This is very good. I am grateful for the mathematics at the base of the theoretical structure, but I for one need more drilling. I am looking forward to the rest of the courses.
por ABSep 16, 2016
i recommend this course for every one interested to understand the dynamics of financial markets and the future trends of financial markets and portfolio management
por MASep 8, 2016
Great course - like the rest of the specialization it had a great mix of video (primarily) and questions, practical advice, timely data and quizzes. Learned a ton!
por TSOct 26, 2018
A useful module.\n\nSome of the derivative detail is hard to remember and the more detailed risk measurement formula may benefit from a little more explanation.
por BBOct 1, 2016
at times , it is hard to catch up with the ideas conveyed\n\nbut overall , a very relevant and important subject taught in a very sensible and easy way.
por SIMar 13, 2018
The great Modern Portfolio Theory! If you are into portfolio investment, this course is a must for you. You can learn how to get a lunch almost free...
por AMMar 15, 2018
Check English subs! They mismatch the dialogues many times. And please, no more lectures by Dr Inex Chaieb: I got really tedious at listen to her.
por SMSep 14, 2019
Week 4 was a bit complex. Risk section could have been explained better with more real life examples to support the theory and equations taught.
ofrecido por
Universidad de Ginebra
Founded in 1559, the University of Geneva (UNIGE) is one of Europe's leading universities. Devoted to research, education and dialogue, the UNIGE shares the international calling of its host city, Geneva, a centre of international and multicultural activities with a venerable cosmopolitan tradition.
Acerca de Programa especializado Gestión de inversiones
In this Specialization, you will understand how investment strategies are designed to reach financial goals in a global context. You will learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. You will start by developing a global understanding of financial markets and what impacts rational and irrational behaviors have in finance at the micro and macro levels. You will then learn how to adequately build and manage a portfolio with a long-term view while gaining an appreciation for novel research advances in finance and related areas as well as future trends that are shaping the investment management industry. In the final Capstone Project, you will create a sensible 5-year investment plan that accounts for an investor's goals and constraints in a dynamic economic landscape. Key speakers from UBS, our corporate partner, will contribute to this specialization by providing you with practical insights they have gathered through years of experience working for the world’s largest wealth manager.
Director of this Specialization and main teaching contributor: Dr. Michel Girardin, Lecturer in Macro-Finance, University of Geneva
Preguntas Frecuentes
¿Cuándo podré acceder a las lecciones y tareas?
Una vez que te inscribes para obtener un Certificado, tendrás acceso a todos los videos, cuestionarios y tareas de programación (si corresponde). Las tareas calificadas por compañeros solo pueden enviarse y revisarse una vez que haya comenzado tu sesión. Si eliges explorar el curso sin comprarlo, es posible que no puedas acceder a determinadas tareas.
¿Qué recibiré si me suscribo a este Programa especializado?
Cuando te inscribes en un curso, obtienes acceso a todos los cursos que forman parte del Programa especializado y te darán un Certificado cuando completes el trabajo. Se añadirá tu Certificado electrónico a la página Logros. Desde allí, puedes imprimir tu Certificado o añadirlo a tu perfil de LinkedIn. Si solo quieres leer y visualizar el contenido del curso, puedes auditar el curso sin costo.
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