Spring 2021 Spring 20211ASB3215PORTFOLIOMANAGEMENT2021 AssignmentDevise an equity market investment strategy and use realpast data for ‘backtesting’ this strategy.The strategy can be in any equity market and can involvean international portfolio.Forming a European equity portfolio is supported by theuniversity library’s Amadeus and BankFocus databases.Using non-European market data is permitted, but you willtake your own responsibility for … Continue reading “PORTFOLIO MANAGEMENT | My Assignment Tutor”
Spring 2021 Spring 20211ASB3215PORTFOLIOMANAGEMENT2021 AssignmentDevise an equity market investment strategy and use realpast data for ‘backtesting’ this strategy.The strategy can be in any equity market and can involvean international portfolio.Forming a European equity portfolio is supported by theuniversity library’s Amadeus and BankFocus databases.Using non-European market data is permitted, but you willtake your own responsibility for collecting reliable data.You must discuss the data source in your report.OVERVIEWThe strategy must be based on fundamental analysis nottechnical analysis.The backtesting must be implemented in Excel and theelectronic file will be part of the submission.You should envisage a scenario of reporting to a seniorportfolio manager.The assignment provides the opportunity to develop skillsthat will enhance your employability.OVERVIEWThe written document has a word limit of 1,000 words +/-10%It must comprise (i) very brief introduction; (ii) explanation of therationale for the strategy; (iii) results of the backtesting; (iv) briefconclusion.The work can be completed individually or in a group of two.Larger groups are not permitted.The deadline is Wednesday 21st April 2021.The assignment accounts for 50% of the module assessment, with theremaining 50% weighting on the May exam.[The 2020 exam paper is on Blackboard]ORGANISATIONYou are free to choose your investment strategy, butsome possible topical approaches might involve:environmental, social and governance (ESG) factors,financial technology, or international politics and trade.A suggested timeline for your work:• January-February: Wide reading to develop initial ideas.• February: Deciding the strategy and data collection.• March: Implementation in Excel and analyzing results.• March and April: Preparing the Excel file for submissionand finalising the document.TIMELINEUtilize your studies in the pre-requisite moduleASB2217/3217 (‘Investment’).Within that module, you studied relevant elements e.g.logarithmic returns, portfolio returns, standard deviation,covariance, Beta.You will be applying the techniques on past data i.e. notexpected returns.You will need to decide on data frequency i.e. daily,weekly or monthly, which will influence your calculationsof risk (i.e. standard deviation, or other measures such asCAPM beta).TECHNIQUES1 23 45 6Spring 2021 Spring 20212You will need to decide on the number of assets in theportfolio and an appropriate benchmark of performance.You might choose Funds rather than individual stocks.We will discuss benchmarks and some methods ofperformance measurement in ASB3215.You will collect the required data for the period 2011-2020.Including data for 2020 is essential for a pass mark.Your Excel file will be part of the submission hence the dataand calculations are part of the assessment.DATA AND PORTFOLIOThe assignment provides a valuable opportunity toengage with real-world issues in portfolio managementand to apply concepts and techniques from this moduleand others that you have completed.It enables you to improve your skills in data collection,data analysis and Excel.Guidance is available from the module leader, but youmust engage in the work from an early stage in thesemester. The Easter period should only be used for finalpolishing of the work.MOTIVATIONThe assignment will be assessed on the following criteria:• Ability to devise a plausible equity investment strategy.• Ability to collect real-world data and to implementanalysis in Excel.• Quality of the interpretation of your research.• Ability to convey your analysis in a concise and wellpresented report, including tables and graphs.CRITERIAEnsure full acknowledgement of your sources of informationand data.Your reference list must include at least five academic journalarticles.If desired, an appendix can be used to present the mosttechnical details.The word count (excluding the reference list and appendix)must be stated on the cover page.Use 12-point font and 1.5 line spacing.Electronic submission only. The document and Excel file will besubmitted via separate links within the Blackboard module.OTHER DETAILSThe assignment briefing document provides an additional twopages of practical advice for proceeding with the assignment.Please contact Owain if you have queries with the assignment:owain.apgwilym@bangor.ac.ukA video call on Teams can be arranged.FURTHER ADVICE7 89 1011
