Infopaket

International portfolio investment

ОК 09

Обов’язкова дисципліна для ОП

Second

2023/2024

2 Semester

3

Know: the essence of international portfolio investments, the IMF methodology for their identification, the economic content of international investment management, the main stages international investment process, features and specifics of international investment activities, market efficiency hypothesis, basic principles of effective and optimal portfolios, basic models for estimating expected returns, advantages and disadvantages of international diversification of investment portfolios, basic patterns and trends of international portfolio investments. Be able to: conduct independent analysis of international investment activities, develop basic strategies of international investment management, independently research and critically evaluate the effectiveness of international investment portfolios of institutional investors, calculate the main investment characteristics of portfolios, solve common problems of international investment management.

Full-time form

1) Command of general material on international issues financial and investment environment. 2) Availability of skills in working with electronic databases. 3) Ability to perform simple data operations in the Microsoft environment Excel.

Part І. Theoretical fundamentals of international portfolio investment. 1. Introduction to the course. International portfolio investment and investment process 2. Hypothesis of market efficiency 3. Portfolio theory 4. Capital asset valuation model 5. Theory of arbitrage pricing Part ІІ. Іnternational diversification of investment portfolio. 6. The essence, advantages and disadvantages of international diversification of investment portfolios 7. International diversification: empirical testing 8. International diversification through shares of small and little-known companies 9. Global flows of international portfolio investment in modern conditions

1. Дзюба П. В. Концептуальна структура теорії портфеля як парадигмальна основа сучасної теорії міжнародного портфельного інвестування. 2. Дзюба П. В. Концепція ефективного портфеля: ретроспективний аналіз формування основ теорії міжнародного портфельного інвестування. 3. Дзюба П. В. Сучасна теорія міжнародного портфельного інвестування: структура та детермінанти розвитку: монографія. 4. Дзюба П. В. Трансформація парадигми руху міжнародних портфельних інвестицій // Сучасні тенденції міжнародного руху капіталу. 5. Рогач О. І., Дзюба П. В. Міжнародні портфельні інвестиції: підручник. Київ: ВПЦ «Київський університет», 2016. 950 с. 6. Рогач О. І., Дзюба П. В. Міжнародний інвестиційний менеджмент. 7. Bodie Z. Investments / Zvi Bodie, Alex Kane, Alan J. Markus. – [11th ed.]. – Boston, London, Toronto : McGraw-Hill/Irwin, 2018. 8. Eun C., Resnick B., Chuluun T. International Financial Management [9th Edition]: McGraw-Hill Education, 2020.

Lecture, seminar, test work (combined test), speeches and discussions in class, case report.

1. Work at seminars - speeches, additions, discussions, debates, blitz tests, solving typical problems - 30 points / 18 points. 2. Case report - 15 points / 9 points. 3. Test (combined test) - 15 points / 9 points. It is obligatory to write an intermediate test, which is evaluated in 15 points and involves students to write a combined written test.

Ukrainian