Course Co-ordinator: Dr R Schulz

Pre-requisite(s): PO 2006 or EC 2003 or AC 2030. Only available to students in Programme Year 4.

This course examines theories and issues relevant to both mixed-asset and real estate portfolios. Themes include: institutional background; investor motives; risk and return; the application of modern portfolio theory (including the Capital Asset Pricing Model); information and market efficiency; securitization; market modelling; index construction and derivatives. Drawing these themes together, benchmarking and real estate portfolio strategy and management are examined in the context of practical examples. The course is a core module for those intending a career in Chartered Surveying, investment fund management, and related professional positions.

1 two-hour lecture per week, 1 one-hour tutorial every two weeks (including computer workshop).

1st Attempt: Two pieces of written coursework, consisting of 1,500 words each (20% per coursework) and 1 two-hour written examination (60%).

Resit: None.