本課程教學大綱已提供完整英文資訊（本選項僅供統計使用，未提供完整英文資訊者，得免勾記）【Provide information of course syllabus in English.(This is for statistical use only. For those who do not provide information of course syllabus in English, do not check this field.)】
Portfolio management is the professional management of a collection of financial instruments to meet specified investment goals for the benefit of the investors. In essence, portfolio managers pursue better returns under constraints of risk control, liquidity requirements, and transaction cost considerations. Applications of portfolio management can be seen from straightforward mutual fund investment of individual investors to much more complicated university endowment fund management, pension fund management, or even gigantic sovereign fund management. Though challenging and even intimidating, portfolio management is a must-have domain know-how for financial professionals. It will be beneficial to graduate students to be exposed to the theories, real world applications, product design, and regulation issues in this field through formal course training. Hopefully at the end of semester, the audience will be motivated to go in this direction in their professional career path.
課程目標 Objectives
This course emphasizes on subjects like asset allocation, pension systems, university endowment fund management, and portfolio product design. In class discussions will center at international trends of fund regulations, fund product development, and investor behavior facing the turbulent financial environment. The course is consists of two parts: Part I covers the concept and fundamentals of portfolio theory, the standard investment procedures, efficient portfolio, asset allocation models, and risk budgeting. Part II will be product oriented. CAPM (the capital asset pricing model) and APT (the arbitrage pricing theory) will set the foundation. We then introduce and analyze applications of the models. Investment products like ETF, index fund, index arbitrage, hedge fund strategies and performance evaluation will be covered. During the semester, fund industry development in Taiwan, pension schemes in Taiwan, Hong Kong and Singapore, and university endowment fund management strategy will be used as case study materials.
參考書/教科書/閱讀文獻 Reference book/ textbook/ documents
〔請遵守智慧財產權觀念，不可非法影印。教師所提供之教材供學生本人自修學習使用,不得散播及做為商業用途〕
No copies for intellectual property rights. Textbooks provided by the instructor used only for self-study, can not broadcast or commercial use
Lecture notes will be distributed in class.
彈性暨自主學習規劃 Alternative learning periods
本門課程是否有規劃實施學生彈性或自主學習內容（每1學分2小時）
Is any alternative learning periods planned for this course (with each credit corresponding to two hours of activity)?
否：教師需於「每週課程內容及預計進度」填寫18週課程進度（每1學分18小時之正課內容）。 No：The instructor will include an 18-week course plan in the weekly scheduled progress (each credit corresponds to 18 hours of instruction)
是：教師需於「每週課程內容及預計進度」填寫16週課程內容（每1學分16小時之正課內容），並於下列欄位填寫每1學分2小時學生彈性或自主學習內容。 Yes：The instructor will include a 16-week course plan in the weekly scheduled progress (each credit corresponds to 16 hours of instruction);the details of the planned alternative learning periods are provided below (each credit corresponds to two hours of activity).
學生彈性或自主學習活動 Alternative learning periods
勾選或填寫規劃內容 Place a check in the appropriate box or provide details
時數 Number of hours
學生分組實作及討論 Group work and discussion
參與課程相關作業、作品、實驗 Participation in course-related assignments, work, or experiments
參與校內外活動（研習營、工作坊、參訪）或競賽 Participation in on- or off-campus activities (e.g., seminars, workshops, and visits) or competitions
課外閱讀 Extracurricular reading
線上數位教材學習 Learning with online digital learning materials