Equity Investments III - DrWaleKesh

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Overview of Equity Portfolio Management 5 Topics

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Lesson Content

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a. describe the roles of equities in the overall portfolio

b. describe how an equity manager’s investment universe can be segmented

c. describe the types of income and costs associated with owning and managing an equity portfolio and their potential effects on portfolio performance

d. describe the potential benefits of shareholder engagement and the role an equity manager might play in shareholder engagement

e. describe rationales for equity investment across the passive– active spectrum

Passive Equity Investing 7 Topics

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a. discuss considerations in choosing a benchmark for a passively managed equity portfolio

b. compare passive factor-based strategies to market-capitalization- weighted indexing

c. compare different approaches to passive equity investing

d. compare the full replication, stratified sampling, and optimization approaches for the construction of passively managed equity portfolios

e. discuss potential causes of tracking error and methods to control tracking error for passively managed equity portfolios

f. explain sources of return and risk to a passively managed equity portfolio

Curriculum Questions

Active Equity Investing: Strategies 10 Topics

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a. compare fundamental and quantitative approaches to active management

b. analyze bottom-up active strategies, including their rationale and associated processes

c. analyze top-down active strategies, including their rationale and associated processes

d. analyze factor-based active strategies, including their rationale and associated processes

e. analyze activist strategies, including their rationale and associated processes

f. describe active strategies based on statistical arbitrage and market microstructure

g. describe how fundamental active investment strategies are created

h. describe how quantitative active investment strategies are created

i. discuss equity investment style classifications

Curriculum Questions

Active Equity Investing: Portfolio Construction 9 Topics

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a. describe elements of a manager’s investment philosophy that influence the portfolio construction process

b. discuss approaches for constructing actively managed equity portfolios

c. distinguish between Active Share and active risk and discuss how each measure relates to a manager’s investment strategy

d. discuss the application of risk budgeting concepts in portfolio construction

e. discuss risk measures that are incorporated in equity portfolio construction and describe how limits set on these measures affect portfolio construction

f. discuss how assets under management, position size, market liquidity, and portfolio turnover affect equity portfolio construction decisions

g. evaluate the efficiency of a portfolio structure given its investment mandate

h. discuss the long-only, long extension, long/short, and equitized market-neutral approaches to equity portfolio construction, including their risks, costs, and effects on potential alphas

Curriculum Questions

About Instructor

Olawale Keshinro

27 Courses

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