About this Course
4.7
796 ratings
131 reviews
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 13 hours to complete

Suggested: 4 weeks of study, 1-3 hours/week...
Available languages

English

Subtitles: English

Skills you will gain

Portfolio TheoriesRisk ManagementValue At Risk (VAR)Portfolio Optimization
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 13 hours to complete

Suggested: 4 weeks of study, 1-3 hours/week...
Available languages

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
Hours to complete
1 hour to complete

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....
Reading
6 videos (Total 39 min), 2 readings, 1 quiz
Video6 videos
Some common mistakes you will no longer make after this course – Portfolio risk6m
Some common mistakes you will no longer make after this course – Free lunch9m
Distribution of returns - Graphical representation8m
Distribution of returns - Numbers5m
The risk-return trade-off - UBS guest speaker5m
Reading2 readings
Course syllabus5m
Glossary10m
Quiz1 practice exercise
Graded quiz on the content of Week 110m
Week
2
Hours to complete
2 hours to complete

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....
Reading
14 videos (Total 89 min), 1 quiz
Video14 videos
The impact of correlation - Maximizing diversification6m
Reaching the efficient frontier - UBS guest speaker4m
The efficient frontier with a risk-free asset4m
Expanding the asset universe - International diversification5m
Expanding the asset universe - Country versus industry diversification4m
Do investors diversify internationally? - UBS guest speaker3m
The impact of constraints on optimal portfolios8m
The pitfalls of Modern Portfolio Theory - Assumptions8m
The pitfalls of Modern Portfolio Theory - Investors9m
Two-fund separation - Individual decision4m
Two-fund separation - Market level7m
Capital market equilibrium - The Capital Market Line5m
Capital market equilibrium - The Capital Asset Pricing Model9m
Quiz1 practice exercise
Graded quiz on the content of Week 215m
Week
3
Hours to complete
2 hours to complete

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....
Reading
14 videos (Total 96 min), 1 reading, 1 quiz
Video14 videos
How our age and wealth affect our investment profile - Robo-advisors8m
The path from an investor's profile to his/her optimal investment strategy - UBS guest speaker2m
Strategic asset allocation: MPT in practice - Definitions6m
Strategic asset allocation: MPT in practice - Implementation8m
Asset allocation versus stock picking: what matters more? - UBS guest speaker4m
Rebalancing a portfolio to maintain the SAA - SAA versus TAA6m
Rebalancing a portfolio to maintain the SAA - Weights and bounds9m
Key drivers of tactical asset allocation - Goals8m
Key drivers of tactical asset allocation - Implementation4m
Timing the market with tactical asset allocation - Shiller's CAPE7m
Timing the market with tactical asset allocation - Macroeconomic tools10m
How tactical asset allocation depends on macroeconomic fundamentals - UBS guest speaker6m
How to combine strategic and tactical asset allocations - UBS guest speaker4m
Reading1 reading
The importance of asset allocation20m
Quiz1 practice exercise
Graded quiz on the content of Week 315m
Week
4
Hours to complete
2 hours to complete

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....
Reading
14 videos (Total 95 min), 1 quiz
Video14 videos
Defining forwards and options - Options11m
Risk as volatility?4m
What about illiquidity? - UBS guest speaker2m
Currency risk - Return7m
Currency risk - Risk6m
Defining the Value-at-Risk4m
Computing the Value-at-Risk5m
Defining the Expected Shortfall6m
Computing the Expected Shortfall3m
Risk management applied to portfolio allocation6m
Banking regulation & Basel recommendations: How did we get there?7m
Hedging against market falls (using options)8m
Hedging against currency risk (using forwards)9m
Quiz1 practice exercise
Graded quiz on the content of Week 415m
4.7
131 ReviewsChevron Right
Career direction

43%

started a new career after completing these courses
Career Benefit

83%

got a tangible career benefit from this course

Top Reviews

By KSSep 10th 2016

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.

By WMSep 11th 2016

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.

Instructors

Avatar

University of Geneva- Tony Berrada

SFI Associate Professor of Finance
Geneva Finance Research Institute
Avatar

University of Geneva- Ines Chaieb

SFI Associate Professor of Finance
Geneva Finance Research Institute
Avatar

University of Geneva- Jonas Demaurex

Teaching Assistant
Geneva Finance Research Institute
Avatar

University of Geneva- Rajna Gibson Brandon

SFI Senior Chaired Professor of Finance and Managing Director of the GFRI
Geneva Finance Research Institute
Avatar

University of Geneva- Michel Girardin

Lecturer in Macro-Finance - Project Leader for the "Investment Management" specialization
Geneva Finance Research Institute
Avatar

University of Geneva- Philipp Krueger

SFI Assistant Professor of Finance
Geneva Finance Research Institute
Avatar

University of Geneva- Kerstin Preuschoff

Associate Professor of Neurofinance and Neuroeconomics
Geneva Finance Research Institute
Avatar

University of Geneva- Olivier Scaillet

SFI Senior Chaired Professor of Finance and Vice-dean (research) at GSEM
Geneva Finance Research Institute

About University of Geneva

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....

About the Investment Management Specialization

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....
Investment Management

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.