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課程資訊

課程名稱	資產管理 ASSET MANAGEMENT
開課學期	99-1
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	管一203
備註	本課程以英語授課。本課程以英語授課。先修科目：投資學。總人數上限：50人
Ceiba 課程網頁	http://ceiba.ntu.edu.tw/991am
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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	There will be four students in a team. Each student will be assigned a team, which composes people with different backgrounds. Design a new fund or a structured product. The report should include: i Executive summary ii The concepts behind the product iii The market analysis iv Specifications of the product v How will this product (fund) be managed? vi Back-testing or simulations vii Proposed market channel
課程要求	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
預期每週課後學習時數
Office Hours
指定閱讀
參考書目	John L. Maginn, Managing Investment Portfolios: A Dynamic Process (3rd Edition), Wiley, 2007
評量方式 (僅供參考)

課程進度

週次	日期	單元主題
第1週	09/14	Introduction <br/>Reading: The Asset Management Industry in 2010 (2005 MCKINSEY & COMPANY, Inc.) <br/>(Venue : Room 203, Building One)
第2週	09/21	Topic: The Profolio Management Process <br/>Reading Ch1, 2, 3 <br/>(Venue : Room 203, Building One)
第3週	09/28	Topic: Investment Policy <br/>Homework: Do you agree with the 2005 proposal? <br/>Reading: Investment Policy at the Hewlett Foundation, 2005 (HBS Case:# 9250126) <br/>(Venue : 冠德講堂)
第4週	10/05	Topic: Market Forecast <br/>Homework: Capital Market Forecasts <br/>Reading: Ch. 4, Capital Market Expectations, Managing Investment Portfolio <br/>(Venue : Room 203, Building One)
第5週	10/12	Topic: Asset Allocation <br/>Homework: Contruct an Efficient Frontier <br/>Reading: Ch. 5, Asset Allocation, Managing Investment Portfolio <br/>(Venue : Room 203, Building One)
第6週	10/19	Topic: Asset Pricing and Market Efficiency <br/>Homework: DFA SWOT analysis <br/>Reading: Dimensional Fund Advisors, 2002 (HBS Case:# 9203026) <br/>(Venue : 冠德講堂)
第7週	10/26	Topic: ETF and Enhanced Index Fund <br/>Homework: Visit the BGI website <br/>Reading: Barklays Global Investors and Exchange Traded Funds (HBS Case:# 9208033) <br/>(Venue : 冠德講堂)
第8週	11/02	Topic: Portable Alpha <br/>Homework: Measure the alpha of an alpha fund <br/>Reading: Portable Alpha (JPM Spring 2004) <br/>(Venue : Room 203, Building One)
第9週	11/09	Topic: Alternative Assets I <br/>Homework: Should LTCM return capital to its investors? <br/>Reading: Ch. 8, Alternative Investments Portfolio Management, Managing Investment Portfolio <br/>Long –Term Capital Management, L.P. (A), (HBS Case:# 9200007) <br/>(Venue : 冠德講堂)
第10週	11/16	Topic: Alternative Assets II <br/>Homework: Suggestion to the Yale Investment Office <br/>Reading: Yale University Investments Office: Augest 2006, (HBS Case:# 9807073) <br/>(Venue : 冠德講堂)
第11週	11/23	Topic: Performance Evaluation <br/>Homework: Use past performance to select funds <br/>Reading: Ch. 12, Evaluating Portfolio Performance, Managing Investment Portfolio <br/>(Venue : Room 203, Building One)
第12週	11/30	Topic: Pension Systems and Aging Demography <br/>Homework: Advise to the pension plan <br/>Reading: The Pension Plan of Bethlehem Steel, 2001 (HBS Case:# 9202088) <br/>(Venue : 冠德講堂)
第13週	12/07	Topic: Pension Product and Pension Fund Management <br/>Homework: Target Fund as the default choice <br/>Reading: The Vanguard Group, Inc. in 2006 and Target Retirement Funds (HBS Case:# 9250126) <br/>(Venue : 冠德講堂)
第14週	12/14	To Be Announced <br/>(Venue : 冠德講堂)
第15週	12/21	Presentations and Discussions <br/>(Venue : Room 203, Building One)
第16週	12/28	Presentations and Discussions <br/>(Venue : Room 203, Building One)
第17週	1/04	Presentations and Discussions <br/>(Venue : 冠德講堂)