課程資訊
課程名稱
 資產管理
ASSET MANAGEMENT 
開課學期
 97-1 
授課對象
 管理學院  財務金融學研究所  
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
 星期二6,7,8(13:20~16:20) 
上課地點
 管一B01 
備註
 本課程以英語授課。先修科目：投資學。
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/971assetmgmt 
課程簡介影片
 
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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. In addition to traditional lectures, about one-half classes are taught in case-discussion format. 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
 另約時間 
指定閱讀
  
參考書目
  
評量方式
(僅供參考)
  
No.
項目
百分比
說明
1. 
 Group project: Presentation 
18% 
  
2. 
 Group project: Written report 
17% 
  
3. 
 Homework (Individual) 
30% 
  
4. 
 Class participation: 
35% 
  
 
課程進度
週次
日期
單元主題
Week 1
 9/16  Introduction
Reading: The Asset Management Industry in 2010 (2005 MCKINSEY & COMPANY, Inc.) 
Week 2
 9/23  Topic: Market Forecast
Homework: Capital Market Forecasts (written report not required)
Reading: Ch. 4, Capital Market Expectations, Managing Investment Portfolio
 
Week 3
 9/30  Topic: Investment Policy
Homework: Do you agree with the 2005 proposal?
Reading: Investment Policy at the Hewlett Foundation, 2005 (HBS Case:# 9250126)
 
Week 4
 10/07  Topic: Asset Allocation I
Homework: Contruct an Efficieny Frontier
Reading: Ch. 5, Asset Allocation, Managing Investment Portfolio
 
Week 5
 10/14  Topic: Asset Pricing and Market Efficiency
Homework: DFA SWOT analysis
Reading: Dimensional Fund Advisors, 2002 (HBS Case:# 9203026)
 
Week 6
 10/21  Topic: ETF and Enhanced Index Fund
Homework: Visit the BGI website
Reading:
Barklays Global Investors and Exchange Traded Funds (HBS Case:# 9208033)
 
Week 7
 10/28  Topic: Portable Alpha
Homework: Measure the alpha of an alpha fund
Reading: Portable Alpha (JPM Spring 2004)
Performance, Managing Investment Portfolio 
Week 8
 11/04  Topic: Alternative Assets I Homework: Should LTCM return capital to its investors? Reading: Ch. 8, Alternative Investments Portfolio Management, Managing Investment Portfolio Long –Term Capital Management, L.P. (A), (HBS Case:# 9200007)  
Week 9
 11/11  Topic: Alternative Assets II Homework: Suggestion to the Yale Investment Office Reading: Yale University Investments Office: Auguest 2006, (HBS Case:# 9807073)  
Week 10
 11/18  Guest Speech:
Matei P. Mihalca, Executive Director, Goldman Sachs(Asia) L.L.C.  
Week 11
 11/25  Topic: Performance Evaluation
Homework: Use past performance to select funds
Reading: Ch. 12, Evaluating Portfolio Performance, Managing Investment Portfolio

Reading: Yale University Investments Office: Auguest 2006, (HBS Case:# 9807073)
 
Week 12
 12/02  Topic: Pension Systems and Aging Demography
Homework: Calculate your pension
Reading:
The Pension Plan of Bethlehem Steel, 2001 (HBS Case:# 9202088)
 
Week 13
 12/09  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)

Gender Differences in Risk Aversion and Expected Retirement Benefits (FAJ July/Auguest 2007) 
Week 14
 12/16  Guest Speech:
Speaker: To be announced

Gathering Place: Update Later
Venue: Update Later 
Week 15
 12/23  Presentations and Discussions 
Week 16
 12/30  Presentations and Discussions 
Week 17
 1/06  Presentations and Discussions