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.
提供方
投资管理 專項課程日内瓦大学課程信息
82,466 次近期查看
學生職業成果
38%
完成這些課程後已開始新的職業生涯
37%
通過此課程獲得實實在在的工作福利
可分享的證書
完成後獲得證書
100% 在線
立即開始，按照自己的計劃學習。
第 3 門課程（共 5 門）
可靈活調整截止日期
根據您的日程表重置截止日期。
完成時間大約為8 小時
英語（English）
字幕：英語（English）
您將獲得的技能
Portfolio TheoriesRisk ManagementValue At Risk (VAR)Portfolio Optimization
學生職業成果
38%
完成這些課程後已開始新的職業生涯
37%
通過此課程獲得實實在在的工作福利
可分享的證書
完成後獲得證書
100% 在線
立即開始，按照自己的計劃學習。
第 3 門課程（共 5 門）
可靈活調整截止日期
根據您的日程表重置截止日期。
完成時間大約為8 小時
英語（English）
字幕：英語（English）
提供方
日内瓦大学
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.
教學大綱 - 您將從這門課程中學到什麼
完成時間為 1 小時
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.
完成時間為 1 小時
6 個視頻 （總計 39 分鐘）, 2 個閱讀材料, 1 個測驗
6 個視頻
Some common mistakes you will no longer make after this course – Portfolio risk6分鐘
Some common mistakes you will no longer make after this course – Free lunch9分鐘
Distribution of returns - Graphical representation8分鐘
Distribution of returns - Numbers5分鐘
The risk-return trade-off - UBS guest speaker5分鐘
2 個閱讀材料
Course syllabus5分鐘
Glossary10分鐘
1 個練習
Graded quiz on the content of Week 110分鐘
完成時間為 2 小時
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.
完成時間為 2 小時
14 個視頻 （總計 89 分鐘）
14 個視頻
The impact of correlation - Maximizing diversification6分鐘
Reaching the efficient frontier - UBS guest speaker4分鐘
The efficient frontier with a risk-free asset4分鐘
Expanding the asset universe - International diversification5分鐘
Expanding the asset universe - Country versus industry diversification4分鐘
Do investors diversify internationally? - UBS guest speaker3分鐘
The impact of constraints on optimal portfolios8分鐘
The pitfalls of Modern Portfolio Theory - Assumptions8分鐘
The pitfalls of Modern Portfolio Theory - Investors9分鐘
Two-fund separation - Individual decision4分鐘
Two-fund separation - Market level7分鐘
Capital market equilibrium - The Capital Market Line5分鐘
Capital market equilibrium - The Capital Asset Pricing Model9分鐘
1 個練習
Graded quiz on the content of Week 215分鐘
完成時間為 2 小時
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.
完成時間為 2 小時
14 個視頻 （總計 96 分鐘）, 1 個閱讀材料, 1 個測驗
14 個視頻
How our age and wealth affect our investment profile - Robo-advisors8分鐘
The path from an investor's profile to his/her optimal investment strategy - UBS guest speaker2分鐘
Strategic asset allocation: MPT in practice - Definitions6分鐘
Strategic asset allocation: MPT in practice - Implementation8分鐘
Asset allocation versus stock picking: what matters more? - UBS guest speaker4分鐘
Rebalancing a portfolio to maintain the SAA - SAA versus TAA6分鐘
Rebalancing a portfolio to maintain the SAA - Weights and bounds9分鐘
Key drivers of tactical asset allocation - Goals8分鐘
Key drivers of tactical asset allocation - Implementation4分鐘
Timing the market with tactical asset allocation - Shiller's CAPE7分鐘
Timing the market with tactical asset allocation - Macroeconomic tools10分鐘
How tactical asset allocation depends on macroeconomic fundamentals - UBS guest speaker6分鐘
How to combine strategic and tactical asset allocations - UBS guest speaker4分鐘
1 個閱讀材料
The importance of asset allocation20分鐘
1 個練習
Graded quiz on the content of Week 315分鐘
完成時間為 2 小時
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.
完成時間為 2 小時
14 個視頻 （總計 95 分鐘）
14 個視頻
Defining forwards and options - Options11分鐘
Risk as volatility?4分鐘
What about illiquidity? - UBS guest speaker2分鐘
Currency risk - Return7分鐘
Currency risk - Risk6分鐘
Defining the Value-at-Risk4分鐘
Computing the Value-at-Risk5分鐘
Defining the Expected Shortfall6分鐘
Computing the Expected Shortfall3分鐘
Risk management applied to portfolio allocation6分鐘
Banking regulation & Basel recommendations: How did we get there?7分鐘
Hedging against market falls (using options)8分鐘
Hedging against currency risk (using forwards)9分鐘
1 個練習
Graded quiz on the content of Week 415分鐘
審閱
來自PORTFOLIO AND RISK MANAGEMENT的熱門評論
由 KS 提供2016年9月9日
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.
由 DT 提供2020年7月22日
This course has increased my knowledge and understanding of portfolio and risk management. Many important topics have been covered by the instructors which are useful for the learners of finance.
由 EM 提供2018年5月3日
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.
由 WM 提供2016年9月10日
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.
關於 投资管理 專項課程
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.
常見問題
我什么时候能够访问课程视频和作业？
讲座和作业的访问权限取决于您的注册类型。如果您以旁听模式参加课程，则可以免费查看大多数课程资料。要访问评分作业并获得证书，您需要在旁听期间或之后购买证书体验。如果看不到旁听选项：
- 课程可能不提供旁听选项。您可以尝试免费试用，也可以申请助学金。
- 课程可能会改为提供'完整课程，没有证书'。通过此选项，您可以查看所有课程材料、提交所要求的作业，以及获得最终成绩。这也意味着您将无法购买证书体验。
我订阅此专项课程后会得到什么？
您注册课程后，将有权访问专项课程中的所有课程，并且会在完成课程后获得证书。您的电子课程证书将添加到您的成就页中，您可以通过该页打印您的课程证书或将其添加到您的领英档案中。如果您只想阅读和查看课程内容，可以免费旁听课程。
Is financial aid available?
是的，Coursera 可以为无法承担费用的学生提供助学金。通过点击左侧“注册”按钮下的“助学金”链接可以申请助学金。您可以根据屏幕提示完成申请，申请获批后会收到通知。您需要针对专项课程中的每一门课程完成上述步骤，包括毕业项目。了解更多。
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