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Increasingly, workers are responsible for their own saving and investing, usually through a superannuation fund. More generally, funds management is a large and growing part of the financial services sector. This course is designed to provide students with an introduction to the concepts and tools of modern portfolio management that are applied in this sector and may be applied by individuals taking responsibility for the management of their own savings. The course assumes some knowledge of finance and statistics.

The current trend in the funds management industry is away from security analysis (stock picking) and towards asset allocation (managing the balance of equities, bonds, cash etc). The latter, typically called portfolio management, is now more important than the former, typically called investment management. Portfolio management is important to both individuals who manage their own personal assets and managers who manage the assets of others. This course aims to cover the most crucial aspects of portfolio management. Coverage includes these topics: the construction of the portfolio, investment objectives and policies; the management of the portfolio including the selection of assets, the utilisation of modern portfolio methods and the revision of the portfolio; and the protection of the portfolio using derivatives. The course emphasises the analytical aspects of portfolio management and the decision making process to enable students to apply the established theories and models in the financial world.