Helmuth Chavez：【19级MFIN】Portfolio Management
This course covers the theoretical and practical frameworks to understand Portfolio Management. The goals of the course are as follows: 1) Understand the importance of Asset Allocation 2) learn the differences between Active Portfolio Management, Passive Management, Hedge and Arbitrage; (3) understand the differences in terms of risk-return profile for different asset classes; (4) understand the components of the dynamic process of managing investment portfolios (5) apply different techniques to measure portfolio performance. The course will present portfolio management as a dynamic process involving several non-linear stages: development of the investment policy statement –general framework with explicit objectives and constraints-; formulation of expectations about capital markets returns; define the strategic and the tactical asset allocation; execution of portfolio decisions; monitoring and portfolio rebalancing; measurement –performance, attribution and appraisal-. One of the key objectives is to understand which macroeconomic conditions favors each asset class (i.e. equities, fixed income, commodities, currencies, etc.), this topic will be analyzed under several theoretical frameworks, but specially by implementing investment strategies through several investment simulators.