...3.0.1 International Business - University Assessment 100 Marks Course Content 1. Overview of the International Business Process 2. PEST factors affecting International Business 3. Government influence on trade 4. International Trade Theories 5. FDI 6. Country Evaluation and Selection 7. Collaborative Strategies 8. International Marketing 9. International Trade Agreements 10. International Trade Organizations 11. International HR Strategies . 12. International Diplomacy - . Reference Text 1. International Business - Daniels and Radebouqh 2. International Business - Sundaram and Black 3. International Business — Roebuck and Simon 4. International Business – Charles Hill 5. International Business— Subba Rao 3.0.2 Strategic management 100 Marks Course Content 1. Strategic Management Process: Vision. Mission, Goal Philosophy. Policies of an Organization. 2. Strategy, Strategy as planned action, Its importance, Process and advantages of planning Strategic v/s Operational Planning. 3. Decision making and problem solving. Categories of problems, Problem solving skill, Group decision making. Phases indecision making, 4. Communication Commitment and performance, Role of the leader, Manager v/s Leaders Leadership styles 5. Conventional Strategic Management v[s Unconventional Strategic Management. The Differences, Changed Circumstance. 6. Growth...
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...Option Pricing, Interest Rate Risk in U.S Diana PĂUN & Ramona GOGONCEA (2013). Interest Rate Risk Management and the Use of Derivative Securities. Economia Seria Management. Retrieved from: <http://www.management.ase.ro/reveconomia/2013-2/4.pdf> The study by these two authors aims at demonstrating how derivative financial instruments can be utilized to prudently manage interest rate risk majorly faced by numerous banks and financial institutions as well as enable the efficient application of monitoring and control tools. There are a couple of risk management methods at the disposal of banks including both balance sheet and off the balance sheet such as the gap method of managing interest rate risk for purposes of controlling short-term rates exposure, combined with derivatives such as options to manage the residual interest rate exposures. Interest rate risks emanate from interest rates sensitivity differentials of capital outflows and inflows. Due to the common view or misconception that high interest rates are the best way of fighting inflation, banks’’ engaging in monetary policy. Financial institutions play a major role in influencing interest rates since they engage in releasing capita to the public by buying assets in the primary markets and selling securities in the secondary market so as to fund purchase of assets. Furthermore, any interest-bearing asset for instance a loan or bond may face interest rate risk caused by changes in the value of assets resulting...
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...semester hours): Term Two (spring) | | | IMB 531 Portfolio Analysis and Management I: Equity | (2) | | IMB 532 Portfolio Analysis and Management II: Fixed Income | (2) | | IMB 533 Portfolio Analysis and Management III: Derivatives and Financial Risk Management | (2) | | IMB 536 Global Macroeconomic Trends and Financial Institutions or CSB Elective | (1) | | IMB 534 International Real Estate Investment | (1) | | IMB 539 Financial Management | (2) | | IMB --- CSB Elective | (2) | | Or | | | | | | IMB 595 Special Topics in International Business (to be completed at an IBSA partner school) | | C. Thesis or Extensive Written Case Analysis (12 semester hours): Term 3 (summer) | | | IMB 599 Thesis | (6) | | IMB 594 Capstone Project / Practicum | (6) | IMBA Course Descriptions (UNCW) The course descriptions shown below are only for courses offered by UNCW and the Cameron School of Business. See each alliance school for their course offerings. IMB 531. Cases in International Finance (1-2) This course will focus on international financial management cases. Cases will build on topics of international monetary systems, international investment decisions, portfolio diversifications, multinational capital structure, and foreign exchange risk and management. IMB 532. Portfolio Analysis and Management I (2) This course is designed to focus on tool and techniques of modern portfolio theory in a global context. Students will convert theory...
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...SANTIAGO DE GUAYAQUIL Finances 2 tutorial PORTFOLIO INTERNACIONAL BUSINESS MANAGEMENT Student: KEVIN MERO 23/08/2012 Financial products refer to those instruments that help you save, invest, get insurance or get a mortgage. These are issued by various banks, financial institutions, stock brokerages, insurance providers, credit card agencies and government sponsored entities. Financial products are categorized in terms of their type or underlying asset class, volatility, risk and return. First, it is necessary to analyze some important aspects like: the financial market that is any type of financial transaction that you can think of that helps businesses grow and investors make money. To know how and where put your money it’s difficult. Investment involves purchasing an asset, giving a loan or keeping funds in a bank account with the aim of generating future returns. Various investment options are available, offering differing risk-reward trade offs. An understanding of the core concepts and a thorough analysis of the options can help an investor create a portfolio that maximizes returns while minimizing risk exposure. There are many types of investment, one of them is: Cash investments that include savings bank accounts, certificates of deposit (CDs) and treasury bills. These investments pay a low rate of interest and are risky options in periods of inflation. Debt securities that provide returns in the form of fixed periodic payments and possible capital appreciation...
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...LOVELY PROFESSIONAL UNIVERSITY DEPARTMENT OF MANAGEMENT Report on Summer Training [Title] Investment avenues Submitted to Lovely Professional University In partial fulfillment of the Requirements for the award of Degree of Master of Business Administration Submitted by: Tanu rani 10904883 DEPARTMENT OF MANAGEMENT LOVELY PROFESSIONAL UNIVERSITY JALANDHAR NEW DELHI GT ROAD PHAGWARA PUNJAB acknowledgement I present this project report on “INVESTMENT AVENUES” IN AXIS BANK LTD., Kashmiri gate, near hasan building with a sense of great pleasure and satisfaction. I undersign with pleasure take this opportunity to thank all those related directly or indirectly in preparation of this project report. I started working on this project under the invaluable guidance of Honorable 'Mr. ROHIT BANSAL SIR for which I am very much thankful for her valued time given for the purpose. Without her co-operation our project work would have been difficult to complete. I express our sincere thanks to Mr. PARITOSH GUPTA, (Branch Manager) in Axis Bank Ltd., Wardha and staff in that organization. I am also thankful to Mrs. RASHMI MITTAL MAAM [Dean of our college] to allow us to carry out this project. Date: Place: Fortnightly Progress Report School Name----Business...
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...|advantages of mutual fund | | | |disadvantages of mutual fund | | | |frequentiy used term | | |2 |Types of Mutual Fund Schemes |15 | |3 |Organization of a Mutual Fund |30 | |4 |Fund Management Style & Structuring of Portfolio |33 | |5 |Individual Scheme Analysis |49 | | |Thematic Funds |49 | | |Index Funds |69 | | |Equity Linked Saving...
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...shareholders, who probably think it’s unethical for Goldman’s executives not to hedge against a mortgage collapse. There is a middle position that says the hedging itself wasn’t wrong, it was how Goldman did it that was questionable. Goldman should have disclosed its short position and possibly even details about the origins of those CDOs to customers. Let me begin by explaining what is a CDO, Goldman takes a reference portfolio, or a bunch of bonds. A bond is a formal contract to repay borrowed money with interest at fixed intervals. Each set of bonds is senior to all the bonds below it, and they pay principle in order of their seniority. You can view it as a pyramid with different slices. The portfolio is giving a rating by Wall Street. Each slice has a different maturity and risk associated with it. The higher the risk, the more the CDO pays. Level E will take losses before D, and level C will take losses before B. It’s important to note the bonds don’t have to be owned by Goldman. The portfolios are synthetic or made artificially. The categories of the portfolio can be created upon request. You will have two parties involved in the transaction, one partner is betting long, and the other betting short. “The probe is reportedly examining a couple of Goldman’s CDOs, which were created in late 2006 and based on $2 billion worth of low-quality...
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...of Business - Master of Business Administration (MBA) Dean’s list: June 2008 • Schulich School of Business entrance scholarship (Sept 2006) • Specialization: Financial Management, Investment Management, • Exchange Student Abroad: Recanati School of Management: January 2008 – May 2008 York University Bachelor of Arts, Economics (Hons.), Dean’s list: May 2006 • York University entrance scholarship (for academic excellence, Sept 2001) Toronto, Canada Tel Aviv, Israel Toronto, Canada EXPERIENCE Swap Trader, Toronto Dominion Securities • Swap & FX Trader: August 2009 - Present London, England Trading Interest Rate Derivatives: Full-time position trading interest rate swaps, FRAs, cross-currency swaps, gilts, FX as well as corporate bonds. Eurobond debt issuance combined with asset swapping to clients’ domestic currency facilitating low funding rates, mitigating currency and interest rate risk. Worked closely with origination and syndication team to issue Eurobonds. Sales and Trading Rotating Associate, Toronto Dominion Securities: August 2008 – August 2009 • Accepted into a highly competitive 16-month program (12 of approximately 1000 applicants) consisting of rotating throughout the institutional dealing room trading each of the Bank’s products for four month intervals. o Corporate Finance: May 2009 – August 2009 London, England Providing large loans to multinational corporations in order to generate ancillary business for the bank. Responsible for researching companies/industries...
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...Closed-End Funds Understanding Leverage in Closed-End Funds The concept of leverage seems simple: borrowing money at a low cost and using it to seek higher returns on an investment. Leverage as it applies to a closed-end fund is more complex, and the landscape in which leverage operates has changed dramatically in the past few years. This makes it important for financial advisors and investors to refresh their understanding of leverage and leveraged closed-end funds. LIKE ARCHIMEDES’ LEVER, leverage in an investment offers the opportunity to effectively magnify one’s initial input. NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE Why are so many closed-end funds leveraged? A closed-end fund is a publicly-traded entity that invests in a variety of securities, such as stocks and bonds. A closed-end fund raises capital by selling a fixed number of shares at one time through an initial public offering (IPO). Once the initial capital is raised, the fund is “closed” and no longer directly offers its shares for sale. Instead, following its IPO, the fund’s shares trade on a secondary market, such as the NYSE or the NASDAQ. Unlike a typical mutual fund, closed-end fund shares are neither created nor redeemed depending upon investor activity, and thus have no impact on management of the underlying assets in the funds portfolio. This means the fund is better able to maintain a steady asset base.1 Because regulations limit the ratio of a fund’s leverage...
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...As amended at the April 15-17, 2015, SBOE meeting §130.180. Financial Mathematics (One Credit), Adopted 2015. (a) General requirements. This course is recommended for students in Grades 1011-12. Prerequisite: Algebra I. This course satisfies a high school mathematics graduation requirement. Students shall be awarded one credit for successful completion of this course. (b) Introduction. (1) (2) The Finance Career Cluster focuses on planning, services for financial and investment planning, banking, insurance, and business financial management. (3) Financial Mathematics is a course about personal money management. Students will apply critical-thinking skills to analyze personal financial decisions based on current and projected economic factors. (4) Financial Mathematics will integrate career and postsecondary education planning into financial decision making. (5)(4) The mathematical process standards describe ways in which students are expected to engage in the content. The placement of the process standards at the beginning of the knowledge and skills listed for each grade and course is intentional. The process standards weave the other knowledge and skills together so that students may be successful problem solvers and use mathematics efficiently and effectively in daily life. The process standards are integrated at every grade level and course. When possible, students will apply mathematics to problems arising in everyday life...
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...570 Special Topics in Statistics and Operations Research Course topic: Quantitative Asset Management Transcript title: Special Topics in Statistics and Operations/Quantitative Asset Management Instructor: Frank J. Fabozzi, Ph.D., CFA, Visiting Professor, ORFE Office: 207 in ORFE Building (office shared with Professor Mulvey) Office hours: 4-6pm (this time slot will also be used for presentations on special topics) Classroom: Friend 006 Course description: This course covers asset management focusing on quantitative models applied to equities and bonds (with emphasis on mortgage-backed securities). The quantitative models discussed are asset allocation models and portfolio construction models that include optimization models (mean-variance framework and extensions such as robust portfolio optimization), multi-factor risk models, risk control models, and transaction cost forecasting models. Return attribution models for performance evaluation will be covered. Model risk and model/strategy backtesting will be highlighted. Guest speakers from quantitative asset management firms are scheduled. Determination of final grade: Final exam ………………………………. 40% Design project …………………………… 25% Term paper ………………………………. 25% Problem sets ……………………………… 10% Course material and reading assignments: No textbook is required for the book. Instead, the sources for the reading assignments will be (1) articles available from journals that Princeton subscribes, (2) free downloads...
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...is a tradable loan. Issuer promises to repay to the loan at a future date (on maturity), and pay interest at a defined rate (usually fixed). Issuer might be the British government or company. In this, the coupon is 8%, redemption date is 2015. Mr. Alistair will receive every six months 4% form government. The government will at the redemption date. b) These Gilts provide interest payments (coupon) and capital repayment that are linked to CPI (the Consumer Price Index, which measures the rate inflation). Until recently the index used was the Retail Price Index (RPI). Inflation erodes the return to the investor by reducing the real return an investor earns. By providing coupons that are increased in line with inflation, these Gilts provide additional protection for the investor. 2 Alistair has received his Contract Note detailing his recent purchase of gilts. He is unclear as to how the cost of the gilts was calculated by his broker. Using the following information calculates the cost of the purchase: ♦ the purchase took place on the 4 May ♦ the interest is paid half yearly on 22 February and 22 August ♦ ignore brokerage fees in your calculation £30,000 @ £104.50/£100 = £20,900 Interest per half year = £20,000 @ 8%/2 = £800 Days in period 22 Feb to 5 May (one extra day for settlement) 6+31+30+5 = 72 Half year = 22 Feb to 22 Aug = 6+31+30+31+30+31+22 = 181 Interest split = £800 x 72/181 = £318.23 Total paid = £20,900 + £318.23 = £21,218.23 3 Alistair has recently...
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...MSCI leading provider of investment decision support tools to investment institutions Products include indices, portfolio risk, and performance analytics - for use in managing equity, fixed income and multi-asset class portfolios - and governance tools. Our principal sales model in both of our business segments is to license annual, recurring subscriptions to our products and services for use at specified locations, often by a given number of users or for a certain volume of services, for an annual fee paid up front. Our Governance business is a leading provider of corporate governance and specialized financial research and analysis services to institutional investors and corporations around the world. In June 2004, we acquired Barra, Inc. (“Barra”), a provider of portfolio risk analytics tools that launched its first risk analytics products in 1975, broadening our product range beyond index products. In November 2007, we completed an initial public offering (“IPO”) of approximately 16.1 million shares of our class A common stock In June 2010, we acquired RiskMetrics, a leading provider of risk management and governance products and services, in a cash-and-stock transaction valued In July 2010, we acquired Measurisk, LLC (“Measurisk”), a provider of risk transparency and risk measurement tools for hedge fund investors, to aid us in developing a broad platform and setting the standard for analyzing and reporting hedge fund risk in response to our clients’...
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...proposal. a. Future cost 5. This concept is helpful in formulating a sound & economical capital structure for a firm. c. Designing optimal corporate capital structure 6. It is the minimum required rate of return needed to justify the use of capital. b. Firms point 7. It arises when there is a conflict of interest among owners, debenture holders and the management. d. Agency costs 8. Some guidelines on shares & debentures issued by the government that are very important for the constitution of the capital structure are: a. Legal requirement 9. It is that portion of an investments total risk that results from change in the financial integrity of the investment. b. Default risk 10. _________ measure the systematic risk of a security that cannot be avoided through diversification. a. Beta Part Two: 1. What is Annuity kind of cash flow? Ans : A series of payments of an equal amount at fixed, equal intervals for a specified number of periods. Annuity is fixed sum of money paid every year in at any other fixed interval shorter than a year. This annuity may be by way of return of some principal plus interest payment of against money invested or by way of payment of other dues such as pensions after retirement. In any case it represents...
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...2016 Level I Mock Exam: Afternoon Session The afternoon session of the 2016 Level I Chartered Financial Analyst (CFA®) Mock Examination has 120 questions. To best simulate the exam day experience, candidates are advised to allocate an average of 1.5 minutes per question for a total of 180 minutes (3 hours) for this session of the exam. Topic Minutes 1-18 Ethical and Professional Standards 27 19-32 Quantitative Methods 21 33-44 Economics 18 45-68 Financial Statement Analysis 36 69-76 Corporate Finance 12 77-88 Equity Investments 18 89-94 Derivative Investments 9 95-106 Fixed Income Investments 18 107-110 Alternative Investments 6 111-120 Portfolio Management 15 Total: 180 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currentlyregistered CFA candidates. Candidates may view and print the exam for personal exam preparation only. The following activities are strictly prohibited and may result in disciplinary and/or legal action: accessing or permitting access by anyone other than currently-registered CFA candidates; copying, posting to any website, emailing, distributing and/or reprinting the mock exam for any purpose. © 2016 Copyrighted by CFA Institute. All rights reserved. 1. Richard Cardinal, CFA, is the founder of Volcano Capital Research, an investment management firm whose sole activity is short selling...
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