Topics: Futures contract, Hedge, Derivative, Hedge fund, Technical analysis, Fundamental analysis / Pages: 4 (809 words) / Published: Mar 18th, 2014

Advanced Security Analysis and Portfolio Management (EF4320)
Spring 2014, by Dr. Dayong Huang
Office: AC2 5110; Tel: 34429230; email:; Email is preferred.
Office hours: Tuesday 10:00-11:30 or Wednesday 10:00-11:30 or by appointment
Teaching Assistant: Fred Chan,, P7706 AC1. Please email Fred for general inquiries and hand in group homework assignments and trading records to Fred by due date. Aims and Objectives: This course is aimed to provide financial market investment theory and applications at an advanced level. After the course is completed, students are expected to master fundamental principles adequately and be able to apply them to financial investments. More precisely, students will get familiar with financial market irregularities, advanced financial instruments for sophisticated applications of investment strategies and portfolio management, even in an international perspective.
Course materials:
Class handouts and the textbooks:
Required Text: Bodie, Kane and Marcus, 2011, “Investments”, 9th edition, McGraw-Hill,
ISBN13: 978-0-07-353070-3.
Recommended Readings:
1. Campbell, John Y., and Tuomo Vuolteenaho, 2004, Bad beta, good beta, American
Economic Review 94, 1249-1275.
2. Fama, Eugene F., and Kenneth R. French, 1996, Multifactor explanations of asset pricing anomalies, Journal of Finance 51, 55-84.
3. Fama, Eugene F., and Kenneth R. French, 2008, Dissecting anomalies, Journal of
Finance 63, 1653-1678.
4. Jegadeesh, Narasimhan, and Sheridan Titman, 1993, Returns to buying winners and selling losers: Implications for stock market efficiency, Journal of Finance 48, 65-91.
Grade weights:
Trading Simulation:
Industry Analysis Presentation:
Homework Assignments:

20% (Date 12/03/2014)
50% (Date TBA)

The simulation
1. It requires you to trade stocks using the trading simulator at

2. Minimum numbers of trades are

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