À propos de ce cours
4.7
821 notes
130 avis
In this course, you will dive into the concepts of rationality and irrationality and understand how they impact our investment decisions and what the consequences can be at the market level. You will first explore the different biases that we, as humans, are subjected to when facing investment decisions and how they may impact the outcomes of these decisions. Moreover, you will see how emotions and ethical concerns such as honesty and trust influence market participants. When they are considered as a group rather than individually, you will discover how rationality and irrationality can drive asset prices to and away from their fair value. Finally, you will be presented with different portfolio construction methodologies and investment styles that make up the landscape of today's portfolio management industry. At key points throughout the course, you will benefit from the practical knowledge of experts from our corporate partner, UBS, in how to build and manage clients' portfolios....
Stacks
Globe

Cours en ligne à 100 %

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

Dates limites flexibles

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Clock

Approx. 15 hours to complete

Recommandé : 6 hours/week...
Comment Dots

English

Sous-titres : English...

Compétences que vous acquerrez

Portfolio ConstructionInvestment StyleCognitive BiasInvestment
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

Approx. 15 hours to complete

Recommandé : 6 hours/week...
Comment Dots

English

Sous-titres : English...

Programme du cours : ce que vous apprendrez dans ce cours

Week
1
Clock
1 heure pour terminer

General Introduction and Key Concepts

In this introductory week, we will start by illustrating how emotions can hinder sensible investment decisions. You will then have the opportunity to check if you master the concepts of the first course that are important for this second course. Finally, we will lay the ground for next week’s content by looking at rational decision making....
Reading
7 vidéos (Total 36 min), 2 lectures, 3 quiz
Video7 vidéos
An example: buying is easy, but when is it a good time to sell? - Buying7 min
An example: buying is easy, but when is it a good time to sell? - Holding3 min
An example: buying is easy, but when is it a good time to sell? - Selling10 min
The key things you need to know to define your investment profile - UBS guest speaker4 min
What you will learn in this Module1 min
Rational decision making7 min
Reading2 lectures
Course syllabus5 min
Glossary10 min
Quiz3 exercices pour s'entraîner
Practice quiz on the relevant content of Course 1 (Understanding Financial Markets)10 min
Guess 2/3 of the average2 min
Graded quiz on the content of Week 110 min
Week
2
Clock
2 heures pour terminer

How Individuals Make Financial Decisions

The focus of this second week is on you, the investor: what are the reasons you participate in financial markets? How do you make investment decisions? What can go wrong in your decision process and what are the consequences? What can you do about it? To answer these questions, we will talk about cognitive biases, emotions and moral values and their respective link with investment decisions....
Reading
15 vidéos (Total 83 min), 2 quiz
Video15 vidéos
The basic steps in investment2 min
Biases when choosing which assets to look at3 min
Biases when processing financial information4 min
Biases when rebalancing you portfolio4 min
Biases when evaluating performance2 min
Wrap up3 min
How our emotions impact our investment decisions4 min
Why we trade6 min
What can we learn from this?9 min
The role of media in financial markets10 min
Honesty and trust in investment decision making - Study design10 min
Honesty and trust in investment decision making - Study results5 min
Impact Investing - UBS guest speaker4 min
Are emotions always a bad thing in investing?4 min
Quiz1 exercice pour s'entraîner
Graded quiz on the content of Week 210 min
Week
3
Clock
3 heures pour terminer

Market Efficiency, Bubbles & Crises

In this third week, we will have a look at investors’ behavior as a group. How does it impact asset prices? How do these prices reflect available information? What does it imply for the profitability of some trading strategies? What can go wrong in this price formation process and how can (and did) it cause financial bubbles and crises? This week also features as special guest: Prof. Jean-Pierre Danthine, former vice-chairman of the Swiss National Bank, who will offer insights into some of these issues....
Reading
18 vidéos (Total 138 min), 2 quiz
Video18 vidéos
Defining market efficiency6 min
Testing for the efficient market hypothesis: Weak form7 min
Testing for the efficient market hypothesis: Semi strong form6 min
Testing for the efficient market hypothesis: Strong form4 min
Overview of different origins of financial crises3 min
A first example for the development and fallout of a real crisis: the VW scandal4 min
A second example for the development and fallout of a real crisis: oil shocks - 1970s8 min
A second example for the development and fallout of a real crisis: oil shocks - 2000s6 min
A first example of an anticipation crisis: 1987 - The "Fed Model"9 min
A first example of an anticipation crisis: 1987 - The crash8 min
A second example of an anticipation crisis: 200010 min
The perfect storm: the global financial crisis - Global imbalances9 min
The perfect storm: the global financial crisis - Policy errors9 min
The perfect storm: the global financial crisis - Lax regulation7 min
How do central banks deal with the issue of financial (in)stability? - Course 1 recap10 min
How do central banks deal with the issue of financial (in)stability? - Asset prices8 min
An interview with Prof. Jean-Pierre Danthine16 min
Quiz2 exercices pour s'entraîner
Graded quiz on market efficiency10 min
Graded quiz on the origins of financial bubbles and crises10 min
Week
4
Clock
2 heures pour terminer

Portfolio Construction and Investment Styles

In this final week, we will look at two main portfolio construction methodologies: top-down and bottom-up. We will see how they differ but also how they can be combined. In the second lesson, we will review some important investment styles that are commonly used in the portfolio management industry. In this final lesson, you will also be given the opportunity to experiment with different trading strategies and compare your results with fellow learners....
Reading
11 vidéos (Total 87 min), 2 quiz
Video11 vidéos
Building a portfolio the top-down way – Definition8 min
Building a portfolio the top-down way – Use7 min
Building a portfolio the top-down way – Importance6 min
Portfolio construction via bottom-up - UBS guest speaker7 min
Value versus growth12 min
Fundamental or quantitative driven style? - UBS guest speaker3 min
Contrarian versus momentum - Momentum10 min
Contrarian versus momentum - Contrarian8 min
Core & satellite11 min
Thematic investing - UBS guest speaker3 min
Quiz2 exercices pour s'entraîner
Graded quiz on portfolio construction10 min
Graded quiz on investment styles10 min
4.7
Briefcase

83%

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

Meilleurs avis

par MBNov 23rd 2016

I heartily thank everyone participate in this course . this course gave me a comprehensive knowledge about different types of investment styles and the optimum way to build an investment portfolio .

par MUOct 23rd 2016

I love this course because I was planning to start investing in the Bovespa (Sao Paulo, Brazil) following only the guides of sensational analysts. This course recommends being cautious. Thank you.

Enseignants

University of Geneva- Tony Berrada

SFI Associate Professor of Finance
Geneva Finance Research Institute

University of Geneva- Jonas Demaurex

Teaching Assistant
Geneva Finance Research Institute

University of Geneva- Rajna Gibson Brandon

SFI Senior Chaired Professor of Finance and Managing Director of the GFRI
Geneva Finance Research Institute

University of Geneva- Michel Girardin

Lecturer in Macro-Finance - Project Leader for the "Investment Management" specialization
Geneva Finance Research Institute

University of Geneva- Kerstin Preuschoff

Associate Professor of Neurofinance and Neuroeconomics
Geneva Finance Research Institute

University of Geneva- Olivier Scaillet

SFI Senior Chaired Professor of Finance and Vice-dean (research) at GSEM
Geneva Finance Research Institute

University of Geneva- Philip Valta

SFI Assistant Professor of Finance
Geneva Finance Research Institute

À propos de University of Geneva

Founded in 1559, the University of Geneva (UNIGE) is one of Europe's leading universities. Devoted to research, education and dialogue, the UNIGE shares the international calling of its host city, Geneva, a centre of international and multicultural activities with a venerable cosmopolitan tradition....

À propos de la Spécialisation Investment Management

In this Specialization, you will understand how investment strategies are designed to reach financial goals in a global context. You will learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. You will start by developing a global understanding of financial markets and what impacts rational and irrational behaviors have in finance at the micro and macro levels. You will then learn how to adequately build and manage a portfolio with a long-term view while gaining an appreciation for novel research advances in finance and related areas as well as future trends that are shaping the investment management industry. In the final Capstone Project, you will create a sensible 5-year investment plan that accounts for an investor's goals and constraints in a dynamic economic landscape. Key speakers from UBS, our corporate partner, will contribute to this specialization by providing you with practical insights they have gathered through years of experience working for the world’s largest wealth manager....
Investment 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.

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