Portfolio Management - Theory & Practice (Part 2) from edX

This course is designed to introduce you to the complex discipline of portfolio management. The course gives you an insight into the practice and theory of portfolio management. You'll be taught from the perspective of allocators who need to balance risk and return.

The course helps address the overwhelming importance of Modern Portfolio Theory, and delves into quantitative measurements of risk and return like the Sharpe ratio. This course also introduces students to the practical world of investment management. Significant course time is spent on understanding the risk/return tradeoffs that are sought by a Portfolio Manager’s client or superior.

We will also review Investment Policy Statements, understand the need for clear and concise communication and the balance of quantitative and qualitative factors when determining investment decisions.

Finally, Portfolio Management covers the spectrum of investment options all the way from ETFs to direct venture investments. This course will show you how all these various instruments are capital market tools that a PM can use to achieve a discipline and well thought out investment strategy.

This course is part 5 of the New York Institute of Finance’s Portfolio Management Professional Certificate program.

What's inside

Learning objectives

Mutual fund overview
Hedge fund overview
Private equity overview

Exchange traded funds
Retirement and estate planning
Managing the client

Mutual fund overview
Hedge fund overview
Private equity overview
Exchange traded funds
Retirement and estate planning
Managing the client

Syllabus

M01: Mutual Fund Overview

M02: Hedge Fund Overview

M03: Private Equity Overview

M04: Exchange Traded Funds

M05: Retirement and Estate Planning

M06: Managing the Client

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Core audience: Individuals seeking an understanding of portfolio management, particularly allocators balancing risk and return

Helps students understand the importance of quantitative risk and return measurements in portfolio management

Instructs students on balancing risk-return tradeoffs sought by clients in investment management

Covers a wide range of investment options from ETFs to direct venture investments

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Portfolio Management - Theory & Practice (Part 2) with these activities:

Read A Random Walk Down Wall Street

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Start your journey in portfolio management by getting a full picture of how the markets have performed and evolved according to a leading expert in the field.

View A Random Walk Down Wall Street: The Best... on Amazon

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Create a note taking system to follow along during the readings.
Break up the book into smaller weekly sections.
Summarize the key points from each section.
Make a list of any questions or follow ups you may have after each section.
Discuss the key points with classmates or peers.

Find a Mentor to Guide You

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Identify someone with experience in portfolio management, such as an experienced investment manager, financial advisor, or portfolio manager, who can guide you, provide valuable insights, and support your learning journey.

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Identify your areas of interest and career goals.
Network with professionals in the field.
Attend industry-relevant conferences.

Join a Study Group

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Join a study group to discuss and reinforce course materials, such as concepts, assignments, or assessments. Collaborate with your peers to tackle problems and engage in group discussions.

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Identify classmates or peers who align with your goals and study habits.
Set up regular study schedules.
Set a positive and supportive environment for learning.

Two other activities

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Write a Blog Post on Modern Portfolio Theory

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Write an article that aims to simplify and clearly explain the concepts and applications of Modern Portfolio Theory, which is a key concept for designing efficient and well-balanced portfolios.

Browse courses on Modern Portfolio Theory

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Research the concept of Modern Portfolio Theory.
Explain the concept of efficient frontier and its importance.
Discuss the role of diversification and asset allocation.

Design a Model Portfolio

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Create a sample or hypothetical portfolio that outlines your investment strategy and aligns with the objectives of a particular client, such as optimizing returns or minimizing risks.

Browse courses on Portfolio Design

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Define the investment objectives and risk tolerance of the client.
Research and select a range of investment options.
Create a diversified portfolio that aligns with the client's objectives and risk tolerance.

Career center

Learners who complete Portfolio Management - Theory & Practice (Part 2) will develop knowledge and skills that may be useful to these careers:

Mutual Fund Manager

Mutual Fund Managers manage investment portfolios for mutual funds. They use their knowledge of financial markets and mutual fund investments to make recommendations to their clients. This course can be useful for anyone who wants to learn more about mutual fund management. It provides a comprehensive overview of the field and covers a variety of topics, including mutual fund investment strategies, risk management, and performance evaluation. This course can help mutual fund managers make better investment decisions and achieve the financial goals of their clients.

See salaries and explore the career path for Mutual Fund Manager

Portfolio Manager

Portfolio Managers are responsible for making financial decisions about an investment portfolio. They use their knowledge of financial markets and investments to make choices that meet the investment goals of their clients. This course can be useful for anyone who wants to learn more about portfolio management. It provides a comprehensive overview of the field and covers a variety of topics, including investment theory, risk management, and performance evaluation. This course can help portfolio managers make better investment decisions and achieve the financial goals of their clients.

See salaries and explore the career path for Portfolio Manager

Risk Manager

Risk Managers are responsible for identifying, assessing, and managing risks for their organizations. They use their knowledge of financial markets and risk management to make recommendations to their clients. This course can be useful for anyone who wants to learn more about risk management. It provides a comprehensive overview of the field and covers a variety of topics, including risk assessment, risk mitigation, and risk modeling. This course can help risk managers make better risk management decisions and protect their organizations from financial losses.

See salaries and explore the career path for Risk Manager

Venture Capitalist

Venture Capitalists invest in early-stage companies with high growth potential. They use their knowledge of financial markets and venture capital investments to make recommendations to their clients. This course can be useful for anyone who wants to learn more about venture capital. It provides a comprehensive overview of the field and covers a variety of topics, including venture capital investment strategies, valuation techniques, and portfolio management. This course can help venture capitalists make better investment recommendations and help their clients achieve their financial goals.

See salaries and explore the career path for Venture Capitalist

Financial Advisor

Financial Advisors help individuals and families manage their finances. They provide advice on a variety of financial topics, including investments, retirement planning, and estate planning. This course can be useful for anyone who wants to learn more about financial planning. It provides a comprehensive overview of the field and covers a variety of topics, including investment theory, risk management, and financial planning techniques. This course can help financial advisors provide better financial advice and help their clients achieve their financial goals.

See salaries and explore the career path for Financial Advisor

Investment Analyst

Investment Analysts research and analyze investments for individuals and institutions. They use their knowledge of financial markets and investments to make recommendations about what to buy, sell, or hold. This course can be useful for anyone who wants to learn more about investment analysis. It provides a comprehensive overview of the field and covers a variety of topics, including financial statement analysis, valuation techniques, and portfolio management. This course can help investment analysts make better investment recommendations and help their clients achieve their financial goals.

See salaries and explore the career path for Investment Analyst

Hedge Fund Manager

Hedge Fund Managers manage investment portfolios for high-net-worth individuals and institutions. They use their knowledge of financial markets and hedge fund investments to make recommendations to their clients. This course can be useful for anyone who wants to learn more about hedge fund management. It provides a comprehensive overview of the field and covers a variety of topics, including hedge fund investment strategies, risk management, and performance evaluation. This course can help hedge fund managers make better investment decisions and achieve the financial goals of their clients.

See salaries and explore the career path for Hedge Fund Manager

Private Equity Analyst

Private Equity Analysts evaluate and recommend investments in private companies. They use their knowledge of financial markets and private equity investments to make recommendations to their clients. This course can be useful for anyone who wants to learn more about private equity analysis. It provides a comprehensive overview of the field and covers a variety of topics, including private equity investment strategies, valuation techniques, and portfolio management. This course can help private equity analysts make better investment recommendations and help their clients achieve their financial goals.

See salaries and explore the career path for Private Equity Analyst

Quantitative Analyst

Quantitative Analysts use mathematical and statistical models to analyze financial data. They use their knowledge of financial markets and quantitative analysis to make recommendations to their clients. This course can be useful for anyone who wants to learn more about quantitative analysis. It provides a comprehensive overview of the field and covers a variety of topics, including financial modeling, statistical analysis, and risk management. This course can help quantitative analysts make better investment decisions and achieve the financial goals of their clients.

See salaries and explore the career path for Quantitative Analyst

Financial Planner

Financial Planners help individuals and families achieve their financial goals. They provide advice on a variety of financial topics, including investments, retirement planning, and estate planning. This course can be useful for anyone who wants to learn more about financial planning. It provides a comprehensive overview of the field and covers a variety of topics, including investment theory, risk management, and financial planning techniques. This course can help financial planners provide better financial advice and help their clients achieve their financial goals.

See salaries and explore the career path for Financial Planner

Compliance Officer

Compliance Officers are responsible for ensuring that their organizations comply with all applicable laws and regulations. They use their knowledge of financial markets and regulatory compliance to make recommendations to their clients. This course can be useful for anyone who wants to learn more about regulatory compliance. It provides a comprehensive overview of the field and covers a variety of topics, including regulatory compliance, anti-money laundering, and sanctions. This course can help compliance officers ensure that their organizations comply with all applicable laws and regulations.

See salaries and explore the career path for Compliance Officer

Insurance Agent

Insurance Agents sell insurance policies to individuals and businesses. They use their knowledge of financial markets and insurance products to make recommendations to their clients. This course can be useful for anyone who wants to learn more about the insurance industry. It provides a comprehensive overview of the field and covers a variety of topics, including insurance products, risk management, and sales techniques. This course can help insurance agents sell more insurance policies and help their clients protect themselves from financial losses.

See salaries and explore the career path for Insurance Agent

Real Estate Agent

Real Estate Agents help individuals and families buy and sell real estate. They use their knowledge of the real estate market and real estate law to make recommendations to their clients. This course can be useful for anyone who wants to learn more about the real estate industry. It provides a comprehensive overview of the field and covers a variety of topics, including real estate law, real estate finance, and sales techniques. This course can help real estate agents sell more real estate and help their clients achieve their real estate goals.

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Accountant

Accountants prepare and audit financial statements for individuals and businesses. They use their knowledge of accounting principles and auditing procedures to make recommendations to their clients. This course can be useful for anyone who wants to learn more about accounting. It provides a comprehensive overview of the field and covers a variety of topics, including accounting principles, auditing procedures, and financial statement analysis. This course can help accountants prepare more accurate financial statements and help their clients make better financial decisions.

See salaries and explore the career path for Accountant

Tax Preparer

Tax Preparers help individuals and businesses file their taxes. They use their knowledge of tax law and tax preparation to make recommendations to their clients. This course can be useful for anyone who wants to learn more about tax preparation. It provides a comprehensive overview of the field and covers a variety of topics, including tax law, tax preparation techniques, and tax planning. This course can help tax preparers prepare more accurate tax returns and help their clients save money on taxes.

See salaries and explore the career path for Tax Preparer

Reading list

We've selected nine books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Portfolio Management - Theory & Practice (Part 2).

The Theory of Investment Value

Save

This text provides a comprehensive overview of the theory of investment value. It offers a solid theoretical foundation for those seeking in-depth knowledge on the subject and classic often used in academic institutions.

The Theory of Investment Value

Paperback

The Intelligent Investor, 3rd Ed.

Save

The Intelligent Investor must-read for anyone who wants to learn about investing. It provides a clear and concise overview of the principles of value investing.

The Intelligent Investor, 3rd Ed.: The Definitive...

Hardcover

The Alchemy of Finance

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Explores the real-world application of financial theory. It must-read for anyone who wants to understand how the financial markets really work.

The Alchemy of Finance

Paperback

The Alchemy of Finance: Reading the Mind of the...

Hardcover

$$$$

Statistical Consequences of Fat Tails

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Challenges the conventional wisdom of the financial markets. It thought-provoking read that will change the way you think about investing.

Statistical Consequences of Fat Tails: Real World...

Paperback

Active Portfolio Mngmnt 2e (Pb)

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Offers cutting-edge research on portfolio management that can be used by seasoned portfolio managers and other experienced investment professionals.

Active Portfolio Management (PB)

Paperback

$$$$

Security Analysis: Fifth Edition

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Security Analysis and Portfolio Management classic book that is still used by professionals today. It offers a comprehensive overview of the field of portfolio management and can be a great reference tool for additional reading.

Security Analysis

Hardcover

Stay the Course

Save

The Little Book of Common Sense Investing teaches you the importance of long-term investing and patience. It source of sound advice and wisdom presented in an accessible manner.

Stay the Course: The Story of Vanguard and the...

Hardcover

Stay the Course: The Story of Vanguard and the...

Kindle Edition

Investment Banking

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Hedge Funds provides an up-to-date overview of the hedge fund industry. It timely introduction for someone who wants to learn more about the topic.

Inside Vanguard: Leadership Secrets From the...

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Will help you better understand mutual funds and exchange-traded funds. This valuable reference if you are interested in learning more about these investment options.

Inside Vanguard: Leadership Secrets From the...

Hardcover

Inside Vanguard: Leadership Secrets From the...

Kindle Edition

Portfolio Management - Theory & Practice (Part 2)

What's inside

Learning objectives

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