課程資訊
課程名稱
 資產管理
ASSET MANAGEMENT 
開課學期
 96-1 
授課對象
 管理學院  財務金融學系  
授課教師
 邱顯比 
課號
 Fin5026 
課程識別碼
 723EU6500 
班次
  
學分
 3 
全/半年
 半年 
必/選修
 選修 
上課時間
 星期二2,3,4(9:10~12:10) 
上課地點
 管一202 
備註
 先修科目：投資學。本課程以英語授課。
限學士班四年級以上
總人數上限：40人
外系人數限制：10人 
Ceiba 課程網頁
 http://ceiba.ntu.edu.tw/961assetmgmt 
課程簡介影片
 
核心能力關聯
 核心能力與課程規劃關聯圖
課程大綱
為確保您我的權利,請尊重智慧財產權及不得非法影印
課程概述

Asset management includes mutual fund management, pension fund management and discretional account management. Main purposes of this course are to teach the fundamentals of asset management as well as to introduce the recent trends and developments in the asset management industry. 

課程目標
 Students are expected to read the assigned articles and think through the assigned questions BEFORE the class. Instructor will usually ask students their opinion about the assigned questions at the beginning of each class. The above discussions shall pave the way for a more structured lecture prepared by the instructor. The class also invites experts in related fields as guest speakers.  
課程要求
 At least one prior course in Investment or Finance  
預期每週課後學習時數
  
Office Hours
 每週三 11:00~12:00 
指定閱讀
  
參考書目
 John L. Maginn, Managing Investment Portfolios: A Dynamic Process (3rd Edition),
Wiley, 2007

Shean-Bii Chiu, 基金理財的六堂課, 天下文化 2006
 
評量方式
(僅供參考)
  
No.
項目
百分比
說明
1. 
 Homework (Individual) 
30% 
  
2. 
 Class participation: 
35% 
  
3. 
 Group project: Presentation 
13% 
  
4. 
 Group project: Written report 
22% 
  
 
課程進度
週次
日期
單元主題
Week 1
 09/18  Holiday 
Week 2
 09/25  Holiday 
Week 3
 10/02  Introduction
Reading: The Asset Management Industry in 2010 (2005 MCKINSEY & COMPANY, Inc.)
 
Week 4
 10/09  Topic: Market Forecast
Homework: Capital Market Forecasts
Reading: Ch. 4, Capital Market Expectations, Managing Investment Portfolio
 
Week 5
 10/16  Topic: Investment Policy
Homework: Do you agree with the 2005 proposal?
Reading: Investment Policy at the Hewlett Foundation, 2005 (HBS Case:# 9250126)
 
Week 6
 10/23   Topic: Asset Allocation I Homework: Contruct an Efficieny Frontier Reading: Ch. 5, Asset Allocation, Managing Investment Portfolio  
Week 7
 10/30   Topic: Asset Allocation II
Homework: Define alpha and beta drivers
Reading: Total Return Strategies for Multi-Asset Portfolio (JPM Winter 2007)
 
Week 8
 11/06  opic: Performance Evaluation
Homework: Use past performance to select funds
Reading: Ch. 12, Evaluating Portfolio Performance, Managing Investment Portfolio
 
Week 9
 11/13  Topic: ETF and Enhanced Index Fund
Homework:
Dimensional Fund Advisors, 2002 (HBS Case:# 9203026)
References:
History of The Forecasters (JPM, Fall 2004)
Revising Core-Satellite Investing (JPM, Fall 2004)
 
Week 10
 11/20  Topic: Portable Alpha
Homework: Measure the alpha of an alpha fund
Reading: Portable Alpha (JPM Spring 2004)
 
Week 11
 11/27  Topic: Alternative Assets I
Homework: Where are sub-primes hidden in?
Reading:
Ch. 8, Alternative Investments Portfolio Management, Managing Investment Portfolio
 
Week 12
 12/04  Topic: Alternative Assets II
Homework: How to manage the crisis?
Reading:
Long –Term Capital Management, L.P. (c), (HBS Case:# 9200009) 
Week 13
 12/11  Topic: Pension Product and Pension Fund Management Homework: Target Fund as the default choice Reading: The Vangard Group, Inc. in 2006 and Target Retirement Funds (HBS Case:# 9250126) 
Week 14
 12/18  Topic: Pension Systems and Aging Demography
Homework: Calculate your pension
Reading:
Gender Differences in Risk Aversion and Expected Retirement Benefits (FAJ July/Auguest 2007) 
Week 15
 12/25  Company Visit
Fuh Hwa Security Investment Trust
Gathering Time: 9:25 am
Gathering Place: Update Later
Venue: Update Later  
Week 16
 1/1  Holiday 
Week 17
 1/8  Presentations and Discussions 
Week 18
 1/15  Presentations and Discussions