MFIN 5103 Investing and Security Analysis Management
This course covers the basic concepts of investment in financial markets, including the examination of models of asset pricing and the actual performance of U.S. and foreign investments, with an emphasis on equity investments. Aspects of efficient market theory and anomalies are considered. The concept of portfolio diversification and the construction of optimal portfolios such as mean-variance efficient portfolios are studied. The class will look at factors affecting stock and bond returns, the success of different investment strategies, and the ability of individual investors and institutional players to "beat the market." Other topics include diversification, market crashes, fixed-income analysis, and the organization and performance of mutual funds and derivative securities. The syllabus extends to the consideration of international diversification and investments where currency risks and interest rate risks need to be evaluated.