I CHOOSE HSBC.

Prepare a report for an asset class, an industry, a security or a commodity of your choice(HSBC). In this report, you should discuss current situation and your future expectations about your chosen asset, which can include discussions on following (Note: Some of the points below are more relevant to equities, so they may not necessarily to apply to different assets)

General information

Existing business models of companies in the industry

Input and output markets (i.e. who are their consumers, what types of raw/intermediate materials they require etc. )

Risks

o Operational Risks (i.e. sensitivity to shocks to demand, input prices, supply chain issues etc.)

o Financial Risks (i.e. financial leverage)

o Other risks (i.e. country, political risk)

You may also discuss secondary effects, for example, how a risk factor can affect input prices of the firm, which in turn could affect firms profitability

Possible future scenarios

Other relevant issues

Your report must conform to the rules of academic integrity. Any violations will be severely penalized.

I CHOOSE HSBC.

In this section, you will critique your investment/trading strategies and evaluate performance of your portfolios. In particular, at a minimum, your report must contain answers and/or explanations to the following questions:

What was your portfolio management strategy? (Active/passive)

How much weight did you allocate to each asset class and individual assets? Why?

To/in which securities have you invested/traded most? (Please provide a list your major trades)

What would you say about riskiness of your portfolio?

How would you evaluate ex-post performance of your portfolio?

Based on topics we covered in class, in hindsight, critique your investment decisions. (i.e. Are there any investment decisions you think youd rather choose differently. If so, why? Etc.)