Portfolio and Risk Management

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Level Foundation
Duration 8 hours
Course by University of Geneva
Offered by

About

In this course, you will gain an understanding of the theory underlying optimal portfolio construction, the different ways portfolios are actually built in practice and how to measure and manage the risk of such portfolios. You will start by studying how imperfect correlation between assets leads to diversified and optimal portfolios as well as the consequences in terms of asset pricing. Then, you will learn how to shape an investor's profile and build an adequate portfolio by combining strategic and tactical asset allocations. Finally, you will have a more in-depth look at risk: its different facets and the appropriate tools and techniques to measure it, manage it and hedge it. Key speakers from UBS, our corporate partner, will regularly add a practical perspective on these different topics as you progress through the course.

Modules

Introduction

3 Videos

1 Readings

Show info about module content

3 Videos

Why you should choose this course
Some common mistakes you will no longer make after this course – Portfolio risk
Some common mistakes you will no longer make after this course – Free lunch

1 Readings

Course syllabus

Useful things to know before this course

3 Videos

1 Readings

1 Discussion

1 Assignment

Show info about module content

1 Assignment

Graded quiz on the content of Week 1

1 Discussions

How would you build your portfolio?

3 Videos

Distribution of returns - Graphical representation
Distribution of returns - Numbers
The risk-return trade-off - UBS guest speaker

1 Readings

Glossary

Modern Portfolio Theory: The importance of diversification

4 Videos

Show info about module content

4 Videos

The impact of correlation - The benefits of diversification
The impact of correlation - Maximizing diversification
Reaching the efficient frontier - UBS guest speaker
The efficient frontier with a risk-free asset

Modern Portfolio Theory: A step beyond

6 Videos

1 Discussion

Show info about module content

1 Discussions

How much would you be willing to invest abroad?

6 Videos

Expanding the asset universe - International diversification
Expanding the asset universe - Country versus industry diversification
Do investors diversify internationally? - UBS guest speaker
The impact of constraints on optimal portfolios
The pitfalls of Modern Portfolio Theory - Assumptions
The pitfalls of Modern Portfolio Theory - Investors

The Capital Asset Pricing Model

4 Videos

1 Assignment

Show info about module content

1 Assignment

Graded quiz on the content of Week 2

4 Videos

Two-fund separation - Individual decision
Two-fund separation - Market level
Capital market equilibrium - The Capital Market Line
Capital market equilibrium - The Capital Asset Pricing Model

Investors' goals and needs

3 Videos

1 Discussion

Show info about module content

1 Discussions

Would you follow the advice of a Robo-advisor?

3 Videos

How our age and wealth affect our investment profile - Main views
How our age and wealth affect our investment profile - Robo-advisors
The path from an investor's profile to his/her optimal investment strategy - UBS guest speaker

Strategic asset allocation

5 Videos

1 Readings

Show info about module content

5 Videos

Strategic asset allocation: MPT in practice - Definitions
Strategic asset allocation: MPT in practice - Implementation
Asset allocation versus stock picking: what matters more? - UBS guest speaker
Rebalancing a portfolio to maintain the SAA - SAA versus TAA
Rebalancing a portfolio to maintain the SAA - Weights and bounds

1 Readings

The importance of asset allocation

Tactical asset allocation

6 Videos

1 Assignment

Show info about module content

1 Assignment

Graded quiz on the content of Week 3

6 Videos

Key drivers of tactical asset allocation - Goals
Key drivers of tactical asset allocation - Implementation
Timing the market with tactical asset allocation - Shiller's CAPE
Timing the market with tactical asset allocation - Macroeconomic tools
How tactical asset allocation depends on macroeconomic fundamentals - UBS guest speaker
How to combine strategic and tactical asset allocations - UBS guest speaker

Defining risk

6 Videos

1 Discussion

Show info about module content

1 Discussions

Would you pay for liquidity?

6 Videos

Defining forwards and options - Forwards
Defining forwards and options - Options
Risk as volatility?
What about illiquidity? - UBS guest speaker
Currency risk - Return
Currency risk - Risk

Managing risk

6 Videos

Show info about module content

6 Videos

Defining the Value-at-Risk
Computing the Value-at-Risk
Defining the Expected Shortfall
Computing the Expected Shortfall
Risk management applied to portfolio allocation
Banking regulation & Basel recommendations: How did we get there?

Hedging

2 Videos

1 Assignment

Show info about module content

1 Assignment

Graded quiz on the content of Week 4

2 Videos

Hedging against market falls (using options)
Hedging against currency risk (using forwards)

Auto Summary

"Portfolio and Risk Management" is a foundational course in Business & Management offered by Coursera. Led by industry experts, it delves into optimal portfolio construction, practical portfolio building, and risk measurement and management. The course includes insights from UBS professionals, spans 480 hours, and offers starter, professional, and paid subscription options. Ideal for those looking to enhance their understanding of portfolio diversification and risk management techniques.