ACTUARIAL SCIENCE (TURKISH, NON-THESIS)
Master	TR-NQF-HE: Level 7	QF-EHEA: Second Cycle	EQF-LLL: Level 7

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
FIN5229	Portfolio Management	Fall	3	0	3	9

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Departmental Elective
Course Level:
Mode of Delivery:	Face to face
Course Coordinator :	HANDE SAĞLAM
Recommended Optional Program Components:	None
Course Objectives:	This course focuses on the investment decision making from the perspective of the portfolio manager. Topics covered include the process of creating, maintaining, and evaluating the performance of professional investment portfolios.

Learning Outcomes

The students who have succeeded in this course;
Students succesfully finishing this course will be able to;
- understand the investment and portfolio theory and apply professional decisions.
- make a clear market research and analysis.
- create, maintain and evaluate the performance of professional investment portfolios.

Course Content

1) Portföy Yönetimine Giriş
2) Varlık Fiyatlandırma Modelleri - Risk ve Getiride Çok Faktörlü Modeller
3) Adi Senetlerin Analizi ve Yönetimi
4) Öz Kaynaklarda Portföy Yönetim Stratejileri - I
5) Öz Kaynaklarda Portföy Yönetim Stratejileri - II
6) Tahvillerde Portföy Yönetim Stratejileri - I
7) Tahvillerde Portföy Yönetim Stratejileri - II
8) Ara Sınav
9) Portföy Performansının Geliştirilmesi
10) Profesyonel Varlık Yönetimi
11) Swaplar
12) Grup Sunumları
13) Grup Sunumları
14) Grup Sunumları

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Introduction to Portfolio Management
2)	Introduction to Asset Pricing Models - Multifactor Models of Risk and Return
3)	Analysis and Management of Common Stocks
4)	Equity Portfolio Management Strategies - I
5)	Equity Portfolio Management Strategies - II
6)	Bond Portfolio Management Strategies - I
7)	Bond Portfolio Management Strategies - II
8)	Midterm Exam
9)	Evaluation of Portfolio Performance
10)	Professional Asset Management
11)	Swaps
12)	Group Presentation
13)	Group Presentation
14)	Group Presentation

Sources

Course Notes / Textbooks:	Investment Analysis and Portfolio Management, 8th edition, by Reilly and Brown, Southwestern, 2006. Dimensional Fund Advisors, 2002, Harvard Business School Case
References:	Barras, L., O. Scaillet, and R. Wermers (2010, February). False discoveries in mutual fund performance: Measuring luck in estimated alphas. The Journal of Finance 55 (4), 179–216.

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Midterms	2	% 60
Final	1	% 40
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Workload
Course Hours	14	42
Application	14	84
Study Hours Out of Class	14	42
Homework Assignments	2	23
Midterms	1	3
Final	2	6
Total Workload		200

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Acquire the quantitative skills to become an actuary.
2)	Will know about risks and ways to manage risk.
3)	Will know about financial planning and its role in actuarial management.
4)	Will be able to design new products and carry profitability tests and scenario analyses.
5)	Besides gaining competence in theoretical subjects, the graduate will also be aware of practical issues and applications through lecturers and instructors who have market experience.
6)	Will be able to follow all innovations and carry on research on the particular area.
7)	Will share information with colleagues and will use it for project development..
8)	Will be able to apply and make the necessary adaptation to all new rules and regulations.