Course title

Advanced Portfolio Management Theory and Practice

Responsible person
NISHIMURA Yukihiro
to enter grades
Numbering Code

Day・Period, etc. Fri2(対面)

開講区分

単位数

1st semester

2.0

Timetable Slot
Code

1J378

Lesson topic
As this course title implies, it deals with both theory and practice related to portfolio management, but leaning
more toward practice side.

Lesson target
The course deals with both theory and practice rlated to portfolio management with more emphasis on practical side
aspects. In the core part of the course, students will actually experience in managing the portfolio, and learn
what kind of elements will be affecting the prices of securities in the portfolio.

Syllabus and plan
Lectures will be given in person, however, it may be changed to a hybrid form(in person + on-line) depending on thecoronavirus situation. Any changes will be notified in advance.

1. Overview of the course
2. Investment objectives, Asset allocation/Security selection
3. Portfolio theory part 1
4. Portfolio Theory part 2
5. Portfolio Theory part 3
6. Initial Portfolio Presentation
7. Portfolio return, Portfolio risk, and drawing efficient frontier.
8. How to make a mean-variance matrix for multiple assets and mea-variance optimization using solver
9. Hedging tools
10. The case for asset allocation for University endowments(Yale Endowment Fund)
11. Mid-term examination.
12. Guest speaker
13. Guest speaker
14. Application of behavioral science to portfolio management
15. Final Portfolio presentation
Evaluation method
Class Participation(20%)
Homework (10%)
Mid-term examination (30%)
Final Presentation (40%)

Evaluation baseline
Final grades will be determined by the rules of the Graduate School of Business Administration.

Notice (include info. on related class)This course is offered primarily to the students of SESAMI program, and any other students are required to obtainan advanced permission from the administration of the Graduate School of Business Administration to register thisclass. Note that application might not be accepted when number of application is over the capacity of the class.

Review and preparation
Reading assignment should be completed prior to each class. Homework should be submitted by dealine. The
instructor aims each class to be intractive, students attending the class without preparation will find it
difficult to partipate in discussions.
Kobe University requires 45 hours of study from students to award one credit, including both in-class instructions
as well as study outside classes.
Students are required to prepare for each class and complete the review after each class, depending on therespective class goals.

Office hour・Contact information
by appointment; nishimura-y@b.kobe-u.ac.jp

Message for student
Prerequisite: Fundamental knowledge of finance, accounting, statistics, and EXCEL.
- IMPORTANT MESSAGE - Registration Period is over on April 15 for this particular course.
registration/audit is accepted.

No further inquiry for

Improvemenets in Teachingn/aTextsee below
A Random Walk Down Wall Street (Twelfth Edition) / Burton G. Malkiel : W. W. Norton & Company ,2019,ISBN:9781324002185
Pioneering Portfolio Management / David F. Swensen : Free Press ,2009 ,ISBN:9781416544692
Investment and portfolio management: a practical introduction / Ian Pagdin and Michelle Hardy : London: KoganPage,2018 ,ISBN:9780749480059
Reference Material
Either announced prior to each lecture or handed out.
Stocks for the Long Run / Jeremy J. Siegel : McGraw Hill ,2014 ,ISBN:978-0-07-180051-8
Classroom Language
EnglishKeywords
Long-term investment, risk, investment objectives[Exchange student(Special auditing student)], a combination of face-to-face and remote classes, Term Paper