In this course, you will dive into the concepts of rationality and irrationality and understand how they impact our investment decisions and what the consequences can be at the market level.
Этот курс входит в специализацию ''Специализация Управление инвестициями'
Meeting Investors' Goals
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Об этом курсе
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Карьерные результаты учащихся
14%
начал новую карьеру, пройдя эти курсы
21%
получил значимые преимущества в карьере благодаря этому курсу
Приобретаемые навыки
Portfolio ConstructionInvestment StyleCognitive BiasInvestment
Карьерные результаты учащихся
14%
начал новую карьеру, пройдя эти курсы
21%
получил значимые преимущества в карьере благодаря этому курсу
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Курс 2 из 5 в программе
Гибкие сроки
Назначьте сроки сдачи в соответствии со своим графиком.
Прибл. 16 часа на выполнение
Предполагаемая нагрузка: 7 hours/week
Английский
Субтитры: Английский
Программа курса: что вы изучите
1 ч. на завершение
General Introduction and Key Concepts
In this introductory week, we will start by illustrating how emotions can hinder sensible investment decisions. You will then have the opportunity to check if you master the concepts of the first course that are important for this second course. Finally, we will lay the ground for next week’s content by looking at rational decision making.
1 ч. на завершение
7 видео ((всего 36 мин.)), 2 материалов для самостоятельного изучения, 3 тестов
7 видео
An example: buying is easy, but when is it a good time to sell? - Buying7мин
An example: buying is easy, but when is it a good time to sell? - Holding3мин
An example: buying is easy, but when is it a good time to sell? - Selling10мин
The key things you need to know to define your investment profile - UBS guest speaker4мин
What you will learn in this Module1мин
Rational decision making7мин
2 материала для самостоятельного изучения
Course syllabus5мин
Glossary10мин
3 практического упражнения
Practice quiz on the relevant content of Course 1 (Understanding Financial Markets)10мин
Guess 2/3 of the average2мин
Graded quiz on the content of Week 110мин
2 ч. на завершение
How Individuals Make Financial Decisions
The focus of this second week is on you, the investor: what are the reasons you participate in financial markets? How do you make investment decisions? What can go wrong in your decision process and what are the consequences? What can you do about it? To answer these questions, we will talk about cognitive biases, emotions and moral values and their respective link with investment decisions.
2 ч. на завершение
15 видео ((всего 83 мин.))
15 видео
The basic steps in investment2мин
Biases when choosing which assets to look at3мин
Biases when processing financial information4мин
Biases when rebalancing you portfolio4мин
Biases when evaluating performance2мин
Wrap up3мин
How our emotions impact our investment decisions4мин
Why we trade6мин
What can we learn from this?9мин
The role of media in financial markets10мин
Honesty and trust in investment decision making - Study design10мин
Honesty and trust in investment decision making - Study results5мин
Impact Investing - UBS guest speaker4мин
Are emotions always a bad thing in investing?4мин
1 практическое упражнение
Graded quiz on the content of Week 210мин
3 ч. на завершение
Market Efficiency, Bubbles & Crises
In this third week, we will have a look at investors’ behavior as a group. How does it impact asset prices? How do these prices reflect available information? What does it imply for the profitability of some trading strategies? What can go wrong in this price formation process and how can (and did) it cause financial bubbles and crises? This week also features as special guest: Prof. Jean-Pierre Danthine, former vice-chairman of the Swiss National Bank, who will offer insights into some of these issues.
3 ч. на завершение
18 видео ((всего 138 мин.))
18 видео
Defining market efficiency6мин
Testing for the efficient market hypothesis: Weak form7мин
Testing for the efficient market hypothesis: Semi strong form6мин
Testing for the efficient market hypothesis: Strong form4мин
Overview of different origins of financial crises3мин
A first example for the development and fallout of a real crisis: the VW scandal4мин
A second example for the development and fallout of a real crisis: oil shocks - 1970s8мин
A second example for the development and fallout of a real crisis: oil shocks - 2000s6мин
A first example of an anticipation crisis: 1987 - The "Fed Model"9мин
A first example of an anticipation crisis: 1987 - The crash8мин
A second example of an anticipation crisis: 200010мин
The perfect storm: the global financial crisis - Global imbalances9мин
The perfect storm: the global financial crisis - Policy errors9мин
The perfect storm: the global financial crisis - Lax regulation7мин
How do central banks deal with the issue of financial (in)stability? - Course 1 recap10мин
How do central banks deal with the issue of financial (in)stability? - Asset prices8мин
An interview with Prof. Jean-Pierre Danthine16мин
2 практического упражнения
Graded quiz on market efficiency10мин
Graded quiz on the origins of financial bubbles and crises10мин
2 ч. на завершение
Portfolio Construction and Investment Styles
In this final week, we will look at two main portfolio construction methodologies: top-down and bottom-up. We will see how they differ but also how they can be combined. In the second lesson, we will review some important investment styles that are commonly used in the portfolio management industry. In this final lesson, you will also be given the opportunity to experiment with different trading strategies and compare your results with fellow learners.
2 ч. на завершение
11 видео ((всего 87 мин.))
11 видео
Building a portfolio the top-down way – Definition8мин
Building a portfolio the top-down way – Use7мин
Building a portfolio the top-down way – Importance6мин
Portfolio construction via bottom-up - UBS guest speaker7мин
Value versus growth12мин
Fundamental or quantitative driven style? - UBS guest speaker3мин
Contrarian versus momentum - Momentum10мин
Contrarian versus momentum - Contrarian8мин
Core & satellite11мин
Thematic investing - UBS guest speaker3мин
2 практического упражнения
Graded quiz on portfolio construction10мин
Graded quiz on investment styles10мин
Рецензии
Лучшие отзывы о курсе MEETING INVESTORS' GOALS
от партнера MBNov 22, 2016
I heartily thank everyone participate in this course . this course gave me a comprehensive knowledge about different types of investment styles and the optimum way to build an investment portfolio .
от партнера DADec 4, 2016
One of the best courses I've found about investment strategies and styles. It was also very interesting the impact of emotions and cognitive biases in our investment decisions. Highly recommended.
от партнера MUOct 22, 2016
I love this course because I was planning to start investing in the Bovespa (Sao Paulo, Brazil) following only the guides of sensational analysts. This course recommends being cautious. Thank you.
от партнера SXMar 4, 2019
Excellent coverage of topics. Personal favorite was the behavioral aspects in investing- the biases. Great practical industry insights from the UBS team as well. Highly recommended course.
О Университет Женевы
Founded in 1559, the University of Geneva (UNIGE) is one of Europe's leading universities. Devoted to research, education and dialogue, the UNIGE shares the international calling of its host city, Geneva, a centre of international and multicultural activities with a venerable cosmopolitan tradition.
Специализация Управление инвестициями: общие сведения
In this Specialization, you will understand how investment strategies are designed to reach financial goals in a global context. You will learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. You will start by developing a global understanding of financial markets and what impacts rational and irrational behaviors have in finance at the micro and macro levels. You will then learn how to adequately build and manage a portfolio with a long-term view while gaining an appreciation for novel research advances in finance and related areas as well as future trends that are shaping the investment management industry. In the final Capstone Project, you will create a sensible 5-year investment plan that accounts for an investor's goals and constraints in a dynamic economic landscape. Key speakers from UBS, our corporate partner, will contribute to this specialization by providing you with practical insights they have gathered through years of experience working for the world’s largest wealth manager.
Director of this Specialization and main teaching contributor: Dr. Michel Girardin, Lecturer in Macro-Finance, University of Geneva
Часто задаваемые вопросы
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Зарегистрировавшись на сертификацию, вы получите доступ ко всем видео, тестам и заданиям по программированию (если они предусмотрены). Задания по взаимной оценке сокурсниками можно сдавать и проверять только после начала сессии. Если вы проходите курс без оплаты, некоторые задания могут быть недоступны.
Что я получу, оформив подписку на специализацию?
Записавшись на курс, вы получите доступ ко всем курсам в специализации, а также возможность получить сертификат о его прохождении. После успешного прохождения курса на странице ваших достижений появится электронный сертификат. Оттуда его можно распечатать или прикрепить к профилю LinkedIn. Просто ознакомиться с содержанием курса можно бесплатно.
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