À propos de ce cours
4.8
236 notes
49 avis
In this course, you will start by reviewing the fundamentals of investments, including the trading off of return and risk when forming a portfolio, asset pricing models such as the Capital Asset Pricing Model (CAPM) and the 3-Factor Model, and the efficient market hypothesis. You will be introduced to the two components of stock returns – dividends and capital gains – and will learn how each are taxed and the incentives provided to investors from a realization-based capital gains tax. You will examine the investment decisions (and behavioral biases) of participants in defined-contribution (DC) pension plans like 401(k) plans in the U.S. and will learn about the evidence regarding the performance of individual investors in their stock portfolios. The course concludes by discussing the evidence regarding the performance of actively-managed mutual funds. You will learn about the fees charged to investors by mutual funds and the evidence regarding the relation between fees charged and fund performance. Segments of the portfolios of mutual funds that may be more likely to outperform and examples of strategies designed to “earn alpha” will also be introduced. Learners are welcome to take this course even if they have not completed "Investments I: Fundamentals of Performance Evaluation," as the first module contain a review of investment fundamentals and regression analysis to get everyone up to speed. Also, the course contains several innovative features, including creative out-of-the-studio introductions followed by quick-hitting "Module in 60" countdowns that highlight what will be covered in each module, four "Faculty Focus" interview episodes with leading professors in finance, and a summary of each module done with the help of animations! This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu....
Stacks
Globe

Cours en ligne à 100 %

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Calendar

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Clock

Recommandé : 6 hours/week

Approx. 12 heures pour terminer
Comment Dots

English

Sous-titres : English

Compétences que vous acquerrez

StockFinancial MarketsInvestment StrategyInvestment
Stacks
Globe

Cours en ligne à 100 %

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Calendar

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Clock

Recommandé : 6 hours/week

Approx. 12 heures pour terminer
Comment Dots

English

Sous-titres : English

Programme du cours : ce que vous apprendrez dans ce cours

1

Section
Clock
2 heures pour terminer

Course Orientation

You will become familiar with the course, your classmates, and our learning environment....
Reading
3 vidéos (Total 22 min), 7 lectures, 1 quiz
Video3 vidéos
Get to know Scott (introductory video used for his iMBA course)6 min
See the “Movie Trailer” for Scott’s Course!1 min
Reading7 lectures
Syllabus10 min
A Preview of Coming Attractions: Introduction Videos for Modules 1-410 min
What You Will Learn: Course Summary with Animations10 min
Learning from the Experts: Full Collection of Faculty Focus Episodes10 min
About the Discussion Forums10 min
Updating Your Profile10 min
Social Media10 min
Quiz1 exercice pour s'entraîner
Orientation Quiz10 min
Clock
3 heures pour terminer

Module 1: Fundamentals and Composition of Returns

In Module 1, we will briefly review the fundamentals of investments, including the trading off of return and risk when forming a portfolio, asset pricing models such as the Capital Asset Pricing Model (CAPM) and the 3-Factor Model, and the efficient market hypothesis. We will also discuss the two components of stock returns – dividends (cash received) and capital gains (changes in price since purchase)....
Reading
11 vidéos (Total 145 min), 3 lectures, 1 quiz
Video11 vidéos
1-1.1. Basics of Return and Risk18 min
1-1.2. Capital Asset Pricing Model (CAPM)20 min
1-1.3. 3-Factor Model and Market Efficiency15 min
1-1.4. Interpretation of Regression Model Results13 min
1-1.5. Regression Analysis of Returns to Small-Value Stocks13 min
1-2.1. Dividends, Capital Gains, and Firm Payout Policy14 min
1-2.2. Realization-Based Capital Gains Tax15 min
1-2.3. Seasonality in Stock Returns20 min
Summary of Module 1 with Animations8 min
Like this course? Learn more with the iMBA! (Optional)1 min
Reading3 lectures
Module 1 Overview10 min
Module 1 Lecture Slides10 min
Module 1 Spreadsheet10 min
Quiz1 exercice pour s'entraîner
Module 1 Quiz34 min

2

Section
Clock
3 heures pour terminer

Module 2: Investment Decisions in DC Pension Plans

In Module 2, we discuss the investment decisions of participants in defined-contribution (DC) pension plans like 401(k) plans in the U.S. Not falling prey to common behavioral biases is key to sound financial decision-making in these retirement plans, so we will discuss common behavioral biases of DC pension plan participants. ...
Reading
12 vidéos (Total 128 min), 3 lectures, 1 quiz
Video12 vidéos
2-1.1. Overview of Key Biases in Decisions9 min
2-1.2. Representativeness4 min
2-1.3. Familiarity Bias and Background Risk22 min
2-1.4. Endorsement Effects7 min
2-1.5. Naïve Diversification18 min
2-1.6. Inertia4 min
2-1.7. Option Confusion5 min
2-1.8. Power of Defaults16 min
2-1.9. Bottom Line on Biases in Investment Decisions7 min
2-2.1. Faculty Focus with Dean Jeffrey Brown (interview)23 min
Summary of Module 2 with Animations3 min
Reading3 lectures
Module 2 Overview10 min
Module 2 Lecture Slides10 min
Module 2 Recommended Reading10 min
Quiz1 exercice pour s'entraîner
Module 2 Quiz16 min

3

Section
Clock
4 heures pour terminer

Module 3: Performance of Individual Investors

In Module 3, we will learn about the evidence regarding the performance of individual investors in their stock portfolios. A few key behavioral biases that affect many individuals will be highlighted, and the potential information embedded in some parts of individual investors’ stock portfolios will be discussed....
Reading
14 vidéos (Total 223 min), 2 lectures, 1 quiz
Video14 vidéos
3-1.1. Overview of the Performance of Individual Investors25 min
3-2.1. Overconfidence17 min
3-2.2. Loss Aversion16 min
3-2.3. Effects of Loss Aversion (Part 1): Loss Aversion & Tax Incentives for Stock Trades18 min
3-2.4. Effects of Loss Aversion (Part 2): Personal Connection to Asset12 min
3-2.5. Effects of Loss Aversion (Part 3): Corporate Finance Decisions9 min
3-2.6. Faculty Focus with Professor Yuhai Xuan (interview)28 min
3-2.7. Effects of Loss Aversion (Part 4): Explanation for Momentum?5 min
3-2.8. Effects of Loss Aversion (Part 5): Importance of Endowment15 min
3-2.9. Emotion and Financial Decisions15 min
3-3.1. Local Investments35 min
3-3.2. Changing Nature of Individual Investors?15 min
Summary of Module 3 with Animations2 min
Reading2 lectures
Module 3 Overview10 min
Module 3 Lecture Slides10 min
Quiz1 exercice pour s'entraîner
Module 3 Quiz16 min

4

Section
Clock
6 heures pour terminer

Module 4: Performance of Mutual Funds and Search for Alpha

In Module 4, we will learn about the evidence regarding the performance of actively-managed mutual funds. We will also discuss a few examples of portfolio strategies designed to “earn alpha” (i.e., yield positive risk-adjusted returns)....
Reading
17 vidéos (Total 279 min), 3 lectures, 1 quiz
Video17 vidéos
4-1.1. Overview of Performance of Mutual Funds16 min
4-1.2. Fees and Fund Performance10 min
4-1.3. Brokers and Fund Performance15 min
4-1.4. Trends in Mutual Fund Industry7 min
4-2.1. Introduction to Search for Alpha5 min
4-2.2. Mutual Fund Disclosure6 min
4-2.3. Mutual Funds and Local Investments21 min
4-2.4. Information Networks and Performance21 min
4-2.5. Closet Indexing and Performance Persistence20 min
4-2.6. Valuing Complicated Firms and Exploiting Inattention27 min
4-2.7. Faculty Focus with Professor Joshua Pollet (interview)24 min
4-2.8. Potential Modern Sources of Information19 min
4-2.9. Faculty Focus with Professor Jiekun Huang (interview)19 min
4-3.1 Economics of Mutual Funds28 min
4-3.2 International Evidence on Active Mutual Fund Management15 min
Summary of Module 4 with Animations13 min
Reading3 lectures
Module 4 Overview10 min
Module 4 Lecture Slides10 min
Module 4 Recommended Reading10 min
Quiz1 exercice pour s'entraîner
Module 4 Quiz22 min
Clock
19 minutes pour terminer

Course Conclusion

It's now time to say goodbye to the Investments II course! Key takeaways from the course are reviewed. Don't forget to answer the survey question regarding how was Scott's sequel that is located at the end of the Conclusion to Investments II: Lessons and Applications for Investors! ...
Reading
1 vidéo (Total 14 min)
4.8
Direction Signs

50%

a commencé une nouvelle carrière après avoir terminé ces cours
Briefcase

83%

a bénéficié d'un avantage concret dans sa carrière grâce à ce cours

Meilleurs avis

par ACDec 13th 2016

Excellent class! Very useful information for investing. Great faculty focus sessions with UIUC researchers!. Also love the passion that Dr. Weisbenner displays in teaching. Would highly recommend!

par RBDec 7th 2017

I could have known this course before 2009 recession to be a better investor and its great teaching of behavioral finance . This helped me to identify personal bias in investing .

Enseignant

Scott Weisbenner

William G. Karnes Professor of Finance
Department of Finance, College of Business

À propos de University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

À propos de la Spécialisation Financial Management

This Specialization covers the fundamentals of strategic financial management, including financial accounting, investments, and corporate finance. You will learn to evaluate major strategic corporate and investment decisions and to understand capital markets and institutions from a financial perspective, and you will develop an integrated framework for value-based financial management and individual financial decision-making. The Financial Management Specialization is part of the University of Illinois iMBA Program. Each course in this Specialization also fulfills a portion of the requirements for a University of Illinois course that can earn you college credit. When you complete the Financial Management Specialization, you will: · Have a solid foundation in developing an integrated framework for strategic financial decision-making. · Have a thorough understanding of financial statements and the financial information they provide, and be able to critically evaluate and analyze cash flows statements. · Understand the management and evaluation of portfolios and firm valuation techniques. · Understand how to incorporate risk and uncertainty into investment decisions and understand how companies make financing and investment decisions....
Financial Management

Foire Aux Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

D'autres questions ? Visitez le Centre d'Aide pour les Etudiants.