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Department Name

Finance, Real Estate, and Insurance

FIN 452 - Investment Analysis

 

Syllabus Fall 2018

Syllabus Supplement

Course Flow Chart

How to Study for This Course

Market Reports

List of CFA Portfolio Learning Outcomes

Financial News

 

Class Readings

Efficient Frontier and CAPM

Welch investments supplement

(One of the resources for the course is Ivo Welch's investments supplement from his online text book. The textbook itself is available here and includes a low-tech version of mean-variance optimization (chapter 8) and of CAPM and the SML (chapter 9). These chapters are free and readable online but not downloadable. See here.)

Outline of Welch supplement and class topics

Efficient Frontier and CAPM

 

Efficient Frontier Spreadsheet

Sortino Ratio

Fama French on CAPM

 

 

 

Factor Models

Vanguard on factors

Three-factor model

Three-factors in more detail (optional)

CFA: Practitions Guide to Factor Models (optional - includes APT)

 

 

 

 

 

 

Smart Beta Readings

Vanguard Study

Factor models

 

Vanguard News

Fidelity joins move to smart beta

Survey Findings from Financial Advisors

 

Objective of Factor Indexes (optional)

Factors and Factor Exposures (optional)

Alternatively Weighted and Factor Indexes (optional)

Factor Exposures of Smart Beta Indexes (optional)

 

 

Investment Policy Statements

Introduction

The basics

Sample for individual

Sample for investment fund

UCLA Foundation Statement

2016 Yale Endowment Report

Swensen comments

Nevada

Benchmarks

Benchmark - 1

Benchmark - 2

Benchmark - 3

Benchmark - 4

Calpers PE Benchmark Change

Blackrock capital market assumptions

 

Active Management

Thoughts on...Fundamental Law of Active Mangement

The Power of Concentration

Optional: 7 Quantitative Insights

 

Blackrock

Evestment

Foster-Warren

Chicago

Ritholtz

Williams

Powell

Yield Curve

Growth

Trade 1

Trade 2

Trade 3

Trade 4

Trade 5

 




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