School of Management: Investment and Portfolio Analysis
Assignment
Answer all of the six questions below in a total of 3000 words (word-count does not include references).
Provide a full reference list for all the sources referred to within your answers.
- What are the subjective aspects of both the bond and equity valuation processes, and in the face of such subjectivity, what should a portfolio manager seek to do?
- How does the theory proposed by Harry Markowitz help portfolio managers?
- Which version of Fama’s efficient markets most represents current market conditions in the UK? Discuss with reference to relevant academic research.
- Beta provides an adequate representation of individual firm risk. Discuss.
- Behavioural Finance is often at odds with modern perspectives on finance, outline and discuss what you perceive to be some of its more important challenges.
- What are the drawbacks to using relative valuation techniques and how might a portfolio manager compensate for this?
You are required to write full discursive type answers for each question. I will take questions on the assignment in the lectures but will not tell you the best way of answering each question. It is expected that you will formulate an answer from your own independent reading into each subject. You will need to demonstrate that you have read widely around each topic area..
Please be warned that in this module plagiarism will not be tolerated. Make sure that you are fully aware of all the various forms plagiarism can take. If you are found to plagiarise any part of this work you will be given a mark of zero and a record of plagiarism will be printed on your degree transcript. It could also possibly result in you not receiving a final degree award.
Must read： Frank K. Reilly & Keith C. Brown ‘Investment Analysis& Portfolio Management’ 10th edition
End of Paper
Word Count: 3300-3400
No. of Pages: 15