In this course, you will learn about the famous dichotomy between active and passive investing, how to appropriately measure and analyze investment performance and what the future trends in the investment management industry are.
You will first learn about absolute and relative performance, risk-adjusted returns and how to decompose investment performance. The focus will then shift to the two main categories of investment vehicles, active and passive funds, and what they entail in terms of expected performance. Finally, you will explore the worlds of sustainable finance, neurofinance and fintech, three areas of research that will shape the future of the investment management industry.
You will also benefit from the insights of experts from UBS, our corporate partner, on the practical implementation of the various concepts we will develop in this course.
教学大纲 - 您将从这门课程中学到什么
周
1完成时间为 2 小时
General Introduction and Key Concepts
Welcome to the course and this introductory module! After reviewing some mistakes you will no longer make after following this course and some useful things to know before the course, we will dive into one of the main topics of this course: the active versus passive investment management debate.
9 个视频 （总计 63 分钟）, 1 个阅读材料, 1 个测验
9 个视频
Some common mistakes you will no longer make after this course - Performance6分钟
Some common mistakes you will no longer make after this course - Selling8分钟
What is useful to know before this course?2分钟
Some products you will master when you next meet your bank advisor - Mutual funds9分钟
Some products you will master when you next meet your bank advisor - Closed-end funds7分钟
Introduction to active versus passive management - Definitions5分钟
Introduction to active versus passive management - Passive8分钟
Introduction to active versus passive management - Active5分钟
1 个阅读材料
Glossary10分钟
1 个练习
Graded quiz on the content of Week 110分钟
周
2完成时间为 2 小时
Assessing Performance
Welcome to the second module of the course! Here, we will start by talking about absolute versus relative performance and mandates. The second topic of this module will be performance measurement using risk-adjusted performance ratios but also asset pricing models. Finally, we will see how to decompose and attribute performance between the different types of investment decisions undertaken by fund managers.
10 个视频 （总计 80 分钟）, 1 个测验
10 个视频
Choosing the right benchmark - UBS guest speaker8分钟
Shifting from relative to absolute return mandates8分钟
The Sharpe, Treynor and Sortino ratios - Sharpe8分钟
The Sharpe, Treynor and Sortino ratios - Treynor and Sortino8分钟
Tracking Error - UBS guest speaker4分钟
Using asset pricing models to estimate fund performance9分钟
Defining performance analysis - UBS guest speaker6分钟
Performance attribution - Introduction5分钟
Performance attribution - Example7分钟
1 个练习
Graded quiz on the content of Week 210分钟
周
3完成时间为 2 小时
Investment Vehicles
Welcome to the third module of the course! In this module, we will explore the worlds of active and passive funds and try to address whether or not active fund management provides added value to a portfolio. But before doing so, we will see how to choose the best investment vehicles among both active and passive funds. The module ends with a discussion with our corporate partner on topics that often divides the world of finance between academia on one side and practitioners on the other.
12 个视频 （总计 103 分钟）, 1 个测验
12 个视频
Dimensions in ETF selection - UBS guest speaker6分钟
Beating the benchmark or the peer group? - Peer group analysis12分钟
Beating the benchmark or the peer group? - Screening criteria8分钟
The information ratio says it all9分钟
What are the pros and cons of a structured product?10分钟
Searching for hedge fund alpha: lessons from academia - Asset pricing model5分钟
Searching for hedge fund alpha: lessons from academia - Evidence9分钟
Do active funds really outperform passive funds? - Preliminaries7分钟
Do active funds really outperform passive funds? - Evidence8分钟
Active versus passive management - UNIGE & UBS Discussion - Part 19分钟
Active versus passive management - UNIGE & UBS Discussion - Part 211分钟
1 个练习
Graded quiz on the content of Week 320分钟
周
4完成时间为 2 小时
Future Trends
Welcome to the fourth and last module of the course! This module is dedicated to future trends in investment management that are already starting to change how we think about and apply some of the ideas presented in the specialization. We will start with sustainable investing: defining it, examining its value proposition and see how it can be implemented in the context of a widely diversified portfolio. We will then take a quick look at what neurofinance is and how it can help us make better investment decisions. Finally, we will leave you with some insights as to how fintech (i.e. information technology solutions applied to finance) is likely to shape the future of the investment management industry.
12 个视频 （总计 82 分钟）, 1 个测验
12 个视频
Corporate sustainability and sustainable investing9分钟
Sustainable investing: exclusion, impact investing & integration - UBS guest speaker3分钟
Does sustainable investing perform in line with traditional investing? - Theoretical arguments6分钟
Does sustainable investing perform in line with traditional investing? - Evidence8分钟
Climate change and capital markets - Introduction6分钟
Climate change and capital markets - Methodology7分钟
What is Neurofinance?6分钟
Understanding brain activity for better investment decisions6分钟
Can business analytics (Big Data) improve the value-added of TAA?11分钟
Using a Robo-advisor to better shape the SAA6分钟
Specialization Outro3分钟
1 个练习
Graded quiz on the content of Week 420分钟
4.7
59 个审阅46%
完成这些课程后已开始新的职业生涯
44%
通过此课程获得实实在在的工作福利
20%
加薪或升职
热门审阅
Wonderful! This course help me a lot in learning how to evaluate the performance of investment vehicle such as mutual fund, also enlarge my perspectives towards future financial trends.
I recommend this course for every one interested to understand the dynamics of financial markets and the future trends of financial markets and portfolio management
讲师
University of Geneva- Tony Berrada
SFI Associate Professor of FinanceGeneva Finance Research Institute
University of Geneva- Ines Chaieb
SFI Associate Professor of FinanceGeneva Finance Research Institute
University of Geneva- Jonas Demaurex
Teaching AssistantGeneva Finance Research Institute
University of Geneva- Rajna Gibson Brandon
SFI Senior Chaired Professor of Finance and Managing Director of the GFRIGeneva Finance Research Institute
University of Geneva- Michel Girardin
Lecturer in Macro-Finance - Project Leader for the "Investment Management" specializationGeneva Finance Research Institute
University of Geneva- Philipp Krueger
SFI Assistant Professor of FinanceGeneva Finance Research Institute
University of Geneva- Kerstin Preuschoff
Associate Professor of Neurofinance and NeuroeconomicsGeneva Finance Research Institute
University of Geneva- Olivier Scaillet
SFI Senior Chaired Professor of Finance and Vice-dean (research) at GSEMGeneva Finance Research Institute
University of Geneva- Philip Valta
SFI Assistant Professor of FinanceGeneva Finance Research Institute
关于 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.
关于 投资管理 专项课程
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.
Director of this Specialization and main teaching contributor: Dr. Michel Girardin, Lecturer in Macro-Finance, University of Geneva
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