Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2019/2020
Belonging course: 
Course of Master's Degree Programme on ADMINISTRATION, FINANCE AND BUSINESS CONSULTING
Disciplinary sector: 
FINANCIAL MARKETS AND INSTITUTIONS (SECS-P/11)
Language: 
Italian
Credits: 
6
Year of study: 
2
Teachers: 
Cycle: 
First Semester
Hours of front activity: 
48

Language

Italian

Course description

The course illustrates the economic role and the operating techniques of financial advisors. At the end of the course, the student have to understand the rationale underlying an asset allocation scheme and, more in general, how to create a financial plan. Further, the student have developed learning skills that make he/she able to indicate with a professional approach the most appropriate methodology to assess financial investments. I

Prerequisites

The student you should be familiar with the basic concepts of theoretical finance as, for example, utility theory, standard portfolio theory and CAPM. In order to maximize learning content students should have a good knowledge of basics of financial mathematics. It is also desirable good skills in electronic spreadsheets.

Syllabus

Institutional Investors in Italy. Domestic rules about financial advisory. Mutual funds and other investment vehicles (Exchange Traded Funds, Hedge Funds etc.). Risk and return of traditional and alternative asset class. Equity & Bond Portfolio policies. Theories, methods and pitfalls of strategic asset allocation. Portfolio optimization with expected return estimated by bayesian and heuristic models. Analysis of investment style. Tactical portfolio techniques. Performance analysis.

The course program deals with the following contents: role and activity of financial advisory in the modern economy; domestic rules for financial advisory; investment products; strategic asset allocation; portfolio optimization; tactical asset allocation strategies; wealth management.

Teaching Methods

The course will be organized in lectures also with the support of slides. The course will follow the setting of the textbook; some topics will be discussed with case studies or additional documents. Speech of professional managers may be included in the course.

Textbooks

AA.VV. (Basile-Ferrari) Asset Management e Investitori Istituzionali (book) and additional Course Handouts.

Learning assessment

The candidate will be judged on the use of appropriate technical language, the independence of judgment and deepening of the topics.

More information

Lectures are in Italian. The professor is fluent in English and is available to interact with students in English, also during the examination