You are the Managing Director of BlackRock Inc. Asset Management team. You were in charge of a $5M fund pool. Your clients were pleased with the performance of their portfolios last time that they have decided to increase your fund pool from $5M to $20M. Given that BlackRock is the largest asset management firm based on its $9T AUM (as of 31 March 2021 based on advratings), your clients have put significant trust in your ability to manage their portfolios. They have instructed you to diversify their assets beyond global equities into other financial assets. Specifically, they want to see their portfolios of 10 assetscomprising of global equities and other financial assets of your own choosing. Furthermore, due to the scale of the investment, your clients have asked you to construct a pitchbook and present this more formally and professionally to them as your written proposals. Use the Bloomberg terminal (or other similar databases) to select and gather data for these assets. The following conditions apply:

1. Your clients indicated that you are to invest all of the $20M fund in these assets and provide recommendations for the next 12 months. You can assume to use the same 12 month period as in the previous assessment.
2. You should assume the same the risk attitude of your clients as before. They can roughly be divided into those who want to maximise return for a given level or risk, or minimise risk for a given level of return.
3. As the managing director and based on your world renowned reputation, you have the discretion to take a long and a short positions in these assets. For example, if you employ both a long and a short positions, then it is possible for your long position to go over $20M for as long as the total long and short positions is $20M. It is advisable that you stick with the types of assets that you learned in this module, however, should you decide to choose specific financial assets not covered in this module, you are free to do so provided that you understand the nature of how these assets operate and perform.
4. Your clients also require you to provide rationale for the assets chosen in the investment. For instance, if you decide to invest in TSLA stock, the rationale behind this decision (e.g. transparency, liquidity, growth, returns, etc.). You can also add Key Performance Indicators (KPIs) such as income statement, balance sheet, financial ratios, segment data, credit ratings, earnings estimate, relative performance, share price performance, etc.) to your analysis. For other types of assets, you should think carefully about what types of KPIs are relevant to those asset types.
5. In terms of historical trade data, you should use and/or analyse a minimum of 5 years worth of data at a monthly frequency. Please include COVID-19 periods in your data selection and analysis. Bear in mind that if some of the assets are UK and/or EU asset types, you will also need to think about the Brexit implications in your decision.
6. Hint: Keep in mind that whilst there is a lot information you will need to present in writing, you are essentially pitching your recommendations. What does this mean? It means that your clients do not want to be bored with pages and pages of uninteresting facts, hence try to design the presentation in a succinct, concise, condensed form that is simple to look at, but yet informative and elegant
7. MAIN BODY, which should:
   1. Provide the investment overview (e.g. for equities: company overview, business model, operating forecast, shareholder ownership, liquidity analysis, etc.). 10 stocks, what its about, tescc, apple Nissan,
   2. Provide industry overview (e.g. competitive environment, key industry trends, corporate finance activity, etc.).
   3. Provide valuation (e.g. historical share performance, valuation overview football field, valuation analysis, comparables overview, precedents overview, etc.).
   4. Transaction opportunities (e.g. strategic review and opportunities, recommendation 1, recommendation 2, etc.).
   5. Team overview (e.g. asset management team overview, deal tombstones, etc.). Whilst it is an individual assignment, you can create your own virtual team to make it more realistic as it is impossible for you to handle a $20M portfolio by yourself.

only the main body needs to be done the rest is there to understand what needs to be done