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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/portfolio-risk-management
课程评论：没有评论
课程名称：投资组合与风险管理 课程概述：本课程旨在帮助您理解最佳投资组合构建的理论、实际投资组合构建的不同方法以及如何衡量和管理这些投资组合的风险。您将深入学习资产间不完美相关性如何导致多样化和最佳投资组合，以及在资产定价方面的影响。接着，您将学习如何塑造投资者的特征，结合战略性与战术性资产配置构建合适的投资组合。最后，您将深入探讨风险的不同方面，以及衡量、管理和对冲风险的适当工具和技术。 来自我们企业合作伙伴瑞士联合银行（UBS）的专家将定期为您提供这些主题的实用视角。 课程大纲： 1. **一般介绍与关键概念**：在这一周的介绍中，您将了解避免常见错误的基础知识，掌握构建最佳投资组合所需的三种主要信息：预期收益、风险和相关性。 2. **现代投资组合理论及其应用**：该周的重点是现代投资组合理论。您将学习资产收益的不完美相关性如何促成更优的风险调整后投资组合收益，并探讨多样化的最大化作用。同时，您还将查看现代投资组合理论对实际投资决策的影响。 3. **资产配置**：这一周专注于资产配置，介绍投资者特征后，将深入探讨战略性资产配置（SAA）与战术性资产配置（TAA）的关系，以及如何结合这两种配置来满足投资者需求并抓住市场机会。 4. **风险管理**：最后一周将关注风险。我们将深入研究流动性和货币风险等不同风险源，以及投资者可用的风险管理工具。同时，还将学习如何衡量风险，包括超越标准差的风险测量方法，如价值-at-风险（VaR）和期望短缺（Expected Shortfall），最后我们将使用金融工具对冲市场和货币风险。
Name:General Introduction and Key Concepts
Description:In this introductory week, you will first be presented with a few mistakes you will no longer make after following this course. In order to avoid making these mistakes, you will start by gaining a foundation and understanding of the three main types of information we need in order to build optimal portfolios: expected returns, risk and dependence.
Name:Modern Portfolio Theory and Beyond
Description:The focus of this second week is on Modern Portfolio Theory. By understanding how imperfect correlations between asset returns can lead to superior risk-adjusted portfolio returns, we will soon be looking for ways to maximize the effect of diversification, which is at the heart of Modern Portfolio Theory. But we won’t stop there: we will also explore the implications of Modern Portfolio Theory on real-world investment decisions and whether or not these implications are followed by investors. Finally, we will see how Modern Portfolio Theory can be built upon to derive the most popular asset pricing model: the Capital Asset Pricing Model.
Name:Asset Allocation
Description:This third week is dedicated to asset allocation. After a short introduction to investor profiling, we will delve into Strategic Asset Allocation (SAA). You will see how it relates to Modern Portfolio Theory and how it differs from Tactical Asset Allocation (TAA). We will look at how both asset allocations can be implemented separately but also in conjunction in order to build portfolios that fulfill investors’ needs and constraints while taking advantage of market opportunities.
Name:Risk Management
Description:This fourth and final week is dedicated to risk. We will start by looking in more depth at different sources of risk such as illiquidity and currency risk but also at the different tools available to investors to perform risk management. But how should we measure risk? We will see that it may be valuable to go a step beyond standard deviation, the risk measure we used so far, and look at the Value-at-Risk and Expected Shortfall which focus on potential large losses. Finally, we will use the financial instruments at our disposal to hedge market and currency risk.
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.
