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(2009, 11 000 words)
The dissertation investigates the reasons behind the retail investors' preference for investments in gold identifying the factors that influence the choice of a particular form of investment. The paper offers descriptive research using the methods of sampling and questionnaire. Literature is reviewed on the history of gold popularity, gold properties, the value of gold, etc. Suggestions are made about when to buy gold, why invest in gold, what factors influence gold prices, etc. The features of gold Exchange Traded Funds (ETF) and Fund of Funds (FOF) are considered. Conclusions are made about the importance of a long term view of investments and portfolio diversification.
(2008, 2300 words)
The paper looks at the principles of portfolio theory considering and illustrating the concepts of risk-return trade-off, diversification, diversifiable risk, etc. The structure of a diversified portfolio is presented; portfolio management approaches are reviewed; various types of investments are described suggesting a diversified investment strategy.
(2006, 1000 words)
The paper critically reviews the theory of investment performance measurement by Friend and Blume addressing the issue of risky portfolios and discussing economists’ opinions about the theory.
(2006, 980 words)
This paper examines the fact that investment management is not merely putting 'all of your eggs into more than one basket', but that there are other considerations. Covering Modern Portfolio Theory, Diversification of Investments and Asset Allocation
(2006, 1500 words)
The paper examines theoretical approaches to portfolio construction applying them to the statistical analysis of the prices of British Petroleum (BP) and GlaxoSmithKlineÒs (GSK) stocks over 2004 Ö 2005. Conclusions are made about the advantage of investing in the portfolio rather than in the individual stocks.
(2005, 4500 words)
The paper reports on the construction of a portfolio consisting of five stocks listed on the FTSE 100. An overview of the global economy is presented reviewing GDP forecasts for the USA, Asian countries, the UK, etc. The issues of trade balance, exports and imports, inflation, monetary policy, etc. are discussed; strategies for portfolio selection are described focusing on the financial and the consumer sectors and providing calculation and analysis of portfolio returns.
(2006, 3000 words)
The paper analyses the case of protecting capital investment discussing the strategies of money allocations, diversification of the portfolio, investment in bonds, donations to charity, etc.
(2006, 1000 words)
The paper examines the effects of a rise in interest rates on the value of the bond portfolio reviewing the duration based hedging strategy, the impacts of the interest rate increase on different dated bonds, etc.
(2006, 3500 words)
The following research paper provides and extensive discussion of the mean variance portfolio optimization. It highlights challenges of the portfolio construction and provides comprehensive example of asset allocation decision making process, finally it discusses limitations of mean variance analysis and provides short overview of alternative models. The research is based on a real life example of index portfolio construction. The main focus is given to the explanation of investment portfolio optimization technique, estimation of underlying variables and interpretation of results.
(2006, 993 words)
The paper reviews modern portfolio theory discussing the impacts of portfolio diversification on reducing investment risks, the degree of correlation between the returns of the assets, the implications of passive and active approaches to investment, etc.
(2005, 3500 words)
The paper examines the concept of international diversification reviewing modern portfolio theory, highlighting the benefits of international diversification, the issues of emerging equity markets and the methods of reducing the risk of an investment portfolio.
(2005, 3000 words)
Due to the rising significance of diversification, it is vital to fully understand the reasons and justifications for diversification. Many scholars hold the view that the concept of synergy is the main, if not the only justification for diversification activity. But is synergy really sufficient enough to justify companies to diversify their business? This essay attempts to discuss whether synergy is the only justification for diversification. For reason of world limitation, it will discuss the topic only from a strategic perspective. However, the conclusion will briefly comment on the justifications for diversification viewed from a managerial perspective.
(2005, 3800 words)
The paper selects 25 stocks from the constituents of the FT-All share index, collects weekly share price data for 6 years ending December 31, 2003 and analyses the risk-return profile of each sample stock. Then the paper collects earnings per share (EPS) of your sample stocks for the last 6 years, designs trading strategies on the basis of prior changes (one year lag) in EPS and estimates the returns from the chosen strategy. After that the paper constructs an optimum portfolio using the sample stocks, tests the efficiency of the portfolio and evaluates the time series properties of the portfolio returns. Then the paper evaluates the performance of the portfolio constructed above using two recognised techniques. And the paper estimates the returns from the sample stocks adopting any style investment chosen strategy. (Then the paper constructs a profit and loss account of the investment strategies examined above and recommends the best trading strategy. And lastly the paper discusses the possible sources of profit/loss of each of the strategies adopted.
(2005, 2500 words)
The paper is a brief explanation of two important area of modern finance theory Ö Eurobonds and Portfolio theory. The first part is about Portfolio diversification. Here you can find the most fundamental information about equity and bond markets and main indicators that are used to assess the movement of them. It includes a simple example of a foreign market beta with explanation of benefits it creates. We also discuss whether the emerging market outperforms developed market as a tool of international diversification and compare international diversification with direct investments. The paragraph contains some information about ADRs. It also contains two numerical examples picturing our ability to implement all the knowledge presented above. The second paragraph is mostly about bonds, particular about Eurobonds, Eurocurrency and Foreign bonds. We describe the main features and tools of the bonds and also explain how it works in practice. Two simple but important examples are available here. This paper is an ideal tool for exam preparation.
(2005, 2800 words)
The paper analyses the performance of 50 actively managed closed-end UK-based investment trusts over the past 5 years with the aim to find funds that managed to outperform consistently their benchmarks. The sample period covers from 10th February 2000 to 10th February 2005 for which it has been calculated the monthly returns on every fund expressed as the percentage change in its Total Return Index.
(2005, 1000 words)
This paper is dedicated to the application of the Markovitz's mean-variance optimization to the portfolio consisting of the eight international stock indices. At the beginning of the analysis the author thoroughly highlights all disadvantages of the mean-variance analysis from theoretical and practical points of view. Then the paper continues with practical building of the efficiency frontiers and finding optimal portfolio. All spreadsheets are presented in the text. This work provides comprehensive scrutiny of why efficiency frontier presents the most optimal combination for investors. At the end the author highlights intuition behind the Litterman-Black model, one of the most powerful models in the investment management, which combines mathematical precision and psychological attitudes of investors. The paper will be indispensable for those building efficiency frontiers and trying to critically evaluate mean-variance approach to investing.
(2004, 3500 words)
The paper identifies the main type of risk associated with bond portfolios and explains and assesses strategies for managing these risks.
(2004, 4500 words)
The paper constructs and investigates the validity of the Capital Asset Pricing Model, Portfolio Theory and evaluates the value of an American Put and Call option basing on ten stocks (BAE Systems; BP Plc; British Airways Plc; The British Land Company Plc; Centrica Plc; GlaxoSmithKline Plc; Marks & Spencer Group Plc; The Sage Group Plc; Tesco Plc; Vodafone Group Plc) from a stock market and gather data on their respective monthly prices, dividend yields and market values
(2003, 2500 words)
The paper critically discusses and analyses active and passive portfolio management and issues arising in each approaches
(2004, 3800 words)
For years International Portfolio Diversification has been well accepted by managers. Diversification leads to a reduction of the total risk of the portfolio and given the great number of opportunities worldwide international diversification provides, it appears to be a good strategy for investors. This paper analyses the fact whether it is worth while to diversify internationally or not.
(2003, 19000 words)
The present study aims to examine different benefits from portfolio diversification, namely International diversification, the effects of EMU on country versus sector allocation, and the relative significance of country and industry factors in the determination and the dynamics of European returns. In particular, using a data set of portfolios consisting of 11 European countries and 10 industrial sectors, it was applied the Heston and Rouwenhorst (1994) and Griffin and Karolyi (1998). The analysis shows that the country effect is the basic determinant of heterogeneity of returns and is stronger than the industry effect. This implies that a hypothesis of European financial integration is not compatible with the information conveyed by the data. Finally, the implication for portfolio managers is that diversification benefits can be exploited by diversifying across countries.
(2003, 4200 words)
The paper covers different aspects in area of the portfolio analysis such as traditional portfolio analysis, diversification, portfolio risk, portfolio effects, the modern portfolio theory and etc with examples.
(2003, 1950 words)
The paper provides strong theoretical background on the subject of the
Portfolio Theory (Efficient Frontier, Modern Portfolio Theory, CAPM, and
Criticism of the Modern Portfolio Theory)
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