To support you and your education, BCIT is adapting applied learning in formats appropriate to the unfolding global situation. All PTS classes are being delivered in an online format unless you are notified otherwise.
This course examines the application of portfolio management principles to the building of appropriate portfolios. We examine the investment policy statement as a blueprint for investing a client’s assets. We study performance evaluation as a feedback step in the investment management process and examine the role it plays in assessing manager skills, confirming manager compliance with investment policy. Performance evaluation and attribution provide an essential measurement service to investment managers themselves. Competent portfolio managers should be proficient in the use of current concepts and methodologies for calculating, benchmarking, and interpreting investment returns.
This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.
At the end of this course the student will be able to:
Evaluate risk and return objectives for individual investor portfolios, and the impact that ability and willingness to take risk have on risk tolerance
Assess the major constraint categories included in an individual investor’s investment policy statement
Justify an investment policy statement for an individual investor
Evaluate pension fund risk tolerance when risk is considered from the perspective of the (1) plan surplus, (2) sponsor financial status and profitability, (3) sponsor and pension fund common risk exposures, (4) plan features, and (5) workforce characteristics
Generate an investment policy statement for a pension plan
Assess the investment objectives and constraints of foundations, endowments, insurance companies, and banks
Evaluate macro and micro performance attribution with respect to the inputs that are typically required for each
Evaluate investment performance using the macro and micro performance attribution methodologies
Interpret alternative risk-adjusted performance measures, including alpha, information ratio, Treynor measure, Sharpe ratio, and M2
Contrast the alternative risk-adjusted performance measures, including alpha, information ratio, Treynor measure, Sharpe ratio, and M2
Assess the objectives, key characteristics, and scope of the GIPS standards
Assess compliance with the GIPS standards, including the definition of the firm, the conditions under which an investment management firm can claim compliance, and the correct wording of the GIPS compliance statement
Assess the requirements of the GIPS standards with respect to return calculation methodologies, including the treatment of external cash flows, cash and cash equivalents, and fees and expenses
Effective as of Fall 2011
FMGT 8160 is offered as a part of the following programs:
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