This course focuses on the theoretical and empirical underpinning of trading strategies adopted by fund managers. The course shall outline the main theories of risk and return and explore the implications of these theories for investors' decisions. In doing so the course shall address questions such as: What is the appropriate measure of risk for a particular security? How might investors decide on the weightings of different assets in their portfolios? How can we identify mispriced stocks? Should you invest your savings in an actively managed fund or in a passive fund? The course shall begin with an overview of how investors measure a security's risk and return and then, using Markowitz's mean-variance criteria, shall illustrate how efficient portfolios can be constructed. The main difficulty with Markowitz style optimisers is how fund managers predict future risk and returns of individual securities. In this course we shall introduce some of the approaches used to make those predictions. Bonds are often regarded as a relatively low risk asset class. Alternative measures of bond risk are evaluated, and a portfolio strategy that claims to remove all risk is outlined and critically evaluated. Bibliography Melville, Alan. (2019) International financial reporting: a practical guide, New York: Pearson Education. Dunn, John. (2010) Financial reporting and analysis, Hoboken, N.J.: Wiley. Elliott, Barry; Elliott, Jamie. (2019) Financial accounting and reporting, Upper Saddle River: Pearson. McKeith, John; Collins, Bill. (c2013) Financial accounting and reporting, Maidenhead: McGraw-Hill Education.

Hope this information is ok at this point in time. If you could teach me some foundation on Financial reporting that would be nice. Regards