Professional Documents
Culture Documents
Unit Guide
Trimester 2 2021
FIN301 INVESTMENT MANAGEMENT
TRIMESTER 2 2021
CONTACTS
Ms Tran Dai Trang
Unit Instructor
Email: annydaitrang@gmail.com
An Nguyen
Program 17 Pham Ngoc Thach Street, District 3, HCM City
Administrator
Phone: 08 54465555 (Ex: 124) Email: an.nguyen@isb.edu.vn
UNIT OVERVIEW
This unit analyses companies from a fundamental perspective in order to derive an intrinsic value for
securities. The focus is on the attempt by active investors to identify mispriced securities using publicly
available information, company reports and financial market information. The analytical techniques of
financial statement analysis (e.g. fundamental analysis, free cash flow analysis and pro-forma analysis)
and the issue of the “reliability” and “quality” of publicly available information are discussed and
explored. Those contemplating careers in investment banking, financial consulting, trust funds,
superannuation funds, hedge funds, and brokerage firms will find this applied unit both useful and
interesting.
PRE-REQUISITES
MAN-101
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Assessment Information
UNIT LEARNING OUTCOMES
The table below outlines the unit learning outcomes (ULOs) for this unit. Upon completion of this unit,
students will be able to:
This course sets out to provide delegates with a comprehensive understanding of corporate
treasury, investment and the stock market. Understanding what the financial market is, how is
Content the Investment processing, how securities are traded and the implementation of stock selection
Synopsis in the market. A part of investment process to call for investment from investor will be covered
as well, the student may have an idea on how a fund processing to be made and what is the
most critical part of it.
Upon the course, the students will be able to:
1. Understand the concepts and Investment Environment
2. Understand the Asset classes and Financial Instruments, difference types of Funds and
Learning Securities
Outcome
3. Understand on the difference between Qualitative and Quantitative Analysis Stock Selection
4. Understanding the process of fund raising, pitching investors, negotiating the deal and
everything else start-up need to know
Skills:
1. Be able to understand and interpret theories and concepts relating to Investments
2. Be able to distinguish between Qualitative and Quantitative analysis
3. Be able to read financial reports for investment decision
4. Be able to understand what is the Ethical conduct of an analysis and how to apply it in real
life
5. Be able to understand how a fund-raising process and how to implement it in real life
Behavioral Competency:
1. Absenteeism is no more than 20% of the course hours
2. Read the main text prior class hours and complete all the assignments within the prescribed
date
3. Respond immediately and appropriately when confront with Investments issues.
ASSESSMENT SUMMARY
VALUE
ASSESSMENT ITEM DUE DATE LEARNING OUTCOMES
(%)
Class attendance, participation and
discussion each session (Individual), Case study for
1. Session 5 10% LO1-LO4
short presentation (Financial Report reference available
Analysis)
Group presentation and assignment –
an investment proposal to call for Session LO2-LO4 Case study for
2. 30%
investment (startup business) (3,000 13,14 reference available
words)
Mid-term exam (75 minutes) LO1-LO3
3. (Individual)/group assignment on Session 9 20%
Portfolio Management
2 Video clips/Graph of a topic Session LO1-LO4 Case study for
4 10%
(Group) (5-8 minutes) (each 10%) 3,13,14 reference available
Final exam for advanced level LO1-LO4
5 Session 15 30%
(Individual) (75 minutes)
Final marks and grades are subject to confirmation by the School Assessment Committees which may
scale, modify or otherwise amend the marks and grades for the unit, as may be required by University
policies.
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Contents of Your Winning Business idea: to explain the characteristics of
Business plan your products and services and how they differ 30
from similar products and services along with
anticipated customer reactions to these
characteristics. Be sure to describe any unique,
value-added of your product or service provided
to the customers and how this will give your
company the competitive edge.
Methodology and research Methods for data collection, source of data, and 10
techniques to analyze data and the findings from
the study.
Team work and Presentation How to show team integrating with the proposal
and presentation skill to attract potential investors/
audience, and management skill to handle Q&A 10
Create an Investment Policy Statement based on the information provided regarding the University and
its endowment.
Assess the University’s current portfolio against their stated objectives. Is the current portfolio doing a
job of meeting its objectives and constraints?
Refer and complete the Excel workbook with returns for Listed Equities, Bonds, Private Equity, Gold,
Commodities and Bitcoin.
Based on your analysis use the provided multi-asset class historical returns to form a new portfolio.
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Answer the question on the relevance and stability of historical returns in forming an policy portfolio.
Aside from this new suggested portfolio, what other ideas do you have for adding value to the
University’s endowment portfolio.
Based on your understanding and analysis would you recommend the University consider changing its
policy towards Bitcoin and make an allocation? How would you recommend they think about its return
prospects looking ahead and is there a return premium to be accessed?
Due: The Group Presentation will be held in session 14 and the full version should be submitted by the
end of Session 15. Submission is via the unit’s LMS site. The final document should be prepared in
Word, incorporating data calculated in the provided Excel workbook, and submitted finally as a PDF.
The group should also produce Powerpoint slides for use in the group presentation in order to highlight
the group’s key points for each section. The presentation should not be merely reading directly from the
presentation or a script; the presenters are expected to understand the information well enough to speak
fluently. Credit will be given for the fluency of the presentation and all group members will be expected
to contribute to the presentation.
Each report will be evaluated against the assessment matrix discussed in the consultation period with
the unit coordinator.
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Teaching Activities
LEARNING RESOURCES
Textbook Investments Concepts and Applications 5th Edition -Tim Brailsford, Richard Heaney, Chris
Bilson
The Art of Startup Fundraising 2016 Edition – Alejandro Cremades Foreword by Barbara
Corcoran
Investments – Zvi Bodie – Alex Kane – Alan J.Marcus – Ravi Jain
The Complete Book of Business Plans - Joshep A.Covello and Brian J.Hazelgren
Reference Brealey, Myers and Marcus, Fundamentals of corporate finance. International Edition,
Mc.Graw Hill Inc. 2006.
Reading
Brealey, Myers and Marcus, Principle of Finance using Excel. International Edition,
Mc.Graw Hill Inc. 2005
Simon Benninga (2005) Principles of Finance with Excel, Oxfod University Press, USA
Francis Clauss (2009) Corporate financial analysis with microsoft Excel, Mcgraw Hill
Charnes.J (2007) Financial modelling with Crystal Ball and Excel, Wiley Finance
Stephen Ross, (2015), 11th Edition Fundamentals of corporate finance. International Edition,
Mc.Graw Hill Inc.
E-learning http://elearning.isb.edu.vn/
SCHEDULE OF ACTIVITIES
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Activities:
Quantitative company analysis (cont.)
Understand Financial Reports through ratios
5
from VietJet, TheGioiDiDong reports …..
And Group presentation
A. Startup
7
Setting your GOALS
Milestones
Breaking Even
Fund Raising
Expectations of Investors
Outperform the Competition
Marketing
Storytelling
Learn to Love Rejection
B. Raising Funds
The Pros and Cons of Raising capital
The Core of Your Business
Experienced and Talented Management
Show Your Competitive Advantage
Vision
C. Investment Round Explained
Preliminary Investment Round
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10 Session 10:
Investor preferences & portfolio concepts Asset class returns and risk premia
Theoretical underpinnings—why should we
expect a positive return? Do all asset classes
promise a positive return?
Risk vs Return relationships, compensated and
uncompensated risks
Equity Risk Premium (ERP), ERP Puzzle
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Portfolio Theory
Forming a portfolio: benefits of diversification.
Systematic vs unsystematic risk
Diversification Ratio; normal periods vs crisis
periods-- single assets vs correlated assets vs
heterogeneous assets
Modern Portfolio Theory (MPT)
Problems of MPT: incorrect capital market
assumptions of risk/return/correlations. Non-
stationarity.
Multi asset portfolios: (E)risk/return calculations
Forming an Efficient Frontier; Capital Markets
Line
Different approaches to portfolio construction:
1/n, min var, max Sharpe, equal risk
contributions--Risk Parity etc
Portfolio Execution: Shannon’s Demon and the
Rebalancing Premium, Ergodicity and the
Farmers Fable.
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Tutorials
Tutorials following the lecture in each session provide students the opportunity to apply and share
knowledge by doing a variety of in-class activities individually or in group such as exercises,
discussion, and presentation. These activities focus on demonstrating your skills and help you build
your ability to achieve the learning outcomes for this unit.
Tutorial questions/exercises will be provided in class. You will be expected to have completed
specific reading and exercises from the textbook and other required materials prior to attending each
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lecture and tutorial class. If you have not prepared adequately, you will not get the full benefit from
this learning opportunity.
General Information & Policy
Referencing
Plagiarism
Student assignments are to contain original content created by the students. Assignments will be
rejected if they include plagiarized content or contain excessive amounts of quoted/cited material
and minimal original content. Students will receive a grade of ZERO (0%) for any assignments
rejected for this reason. Written assignments WILL BE checked by the lecturer with Turnitin.com,
an online plagiarism-checking tool.
Sources
Furthermore, your reference to support your statements must be from a reliable source, such as
textbooks, additional reading materials, and reference books. However, many websites are not
reliable sources. Examples are Wikipedia.org, about.com, and ask.com. If you are not sure if a
reference is acceptable or not, please contact the lecturer.
The Publication Manual of the American Psychological Association (APA) 6th ed., will serve as
the primary reference materials for all students. Therefore, all papers must be submitted in APA
format. The mechanics of student papers and work will be evaluated, as well as the content.
Submission
Assignment cover sheet
All assignments are required to be submitted with an Assignment Cover Sheet.
Group assignments are to be submitted with a Group Assignment Cover Sheet as well as a
Peer Evaluation Form depending on the request of unit instructor.
Non-contributing team members can sometimes be an issue with group-work structured assessment.
Individual student group work scores may be adjusted as a result of peer dissatisfaction with a
particular student’s contribution to group work assignments, as reflected in submissions of the
evaluation form.
Note:
Assignment cover sheets and the evaluation form can be located on MyISB system
Students are advised to keep a copy of all assignments submitted for marking.
Submission style
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Use a simple clear format, suitable for a report to senior management in a commercial
organization.
Submission method
Soft copy: submitted electronically via E-learning system by 11:55 PM on the due date (Suggested
title: Student name_Unitname_Name of Assignment).
Hard copy: submitted to ISB Submission Box at the Reception Area (17 Pham Ngoc Thach) by the
due date.
Attendance
Students are required to attend a minimum of 70% of all classes (which normally 12/15 sessions).
Other cases equating to an absence:
Arriving to class late by 15 minutes at the beginning,
Arriving late by 5 minutes after the break
Leaving prior to the scheduled end time without the permission of the lecturer
If you are unable to attend any session, please let your lecturer know AND submit a request for
absence form to program administrator prior to the session.
IMPORTANT: Students will not be allowed to sit in the final examination if violating the
above absence rule.
IMPORTANT: If you are in violation of these policies you will be excused from class and an
absence will be assessed.
Email etiquette
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Your lecturers receive many emails each day. In order to enable them to respond to your emails
appropriately and in a timely fashion, students are asked to follow basic requirements of professional
communication.
Your emails should:
Have a concise and descriptive title, including the class and name of the unit you are
enquiring about
Be clear about the intention of their emails
Use appropriate tone and language, proof-read what is written in the email before sending it.
Students should also allow 3-4 working days for a response before following up. If the matter is
legitimately urgent, you may indicate “URGENT” in the email subject header.
Make an appointment: If your email request is complex and requires a lengthy response it may be
probably best to make an appointment with your lecturer/instructor to meet in person.
IMPORTANT:
First violation will result in a grade ZERO (0%) for that assignment.
Second violation will result in a failing course grade.
Additional information
This unit guide may be revised at the discretion of the Academic Department with approval from
Program Academic Director and School Academic Committee where appropriate
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