FIN07009 2016 Investment Funds

General Details

Full Title
Investment Funds
Transcript Title
Investment Funds
Code
FIN07009
Attendance
N/A %
Subject Area
FIN - Finance
Department
BUS - Business
Level
07 - NFQ Level 7
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Fergal Keane
Programme Membership
SG_BFINA_H08 201600 Bachelor of Business (Honours) in Finance and Investment SG_BEMBE_G07 201600 Bachelor of Business Embedded Award BB L7 in Finance and Investment
Description

This module introduces students to the collective investment schemes broadly known as funds, as well as the funds industry in Ireland and globally.  It examines different types of funds, explores some of the investment strategies pursued and introduces the service providers working within the funds industry.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Describe what is meant by a collective investment scheme (fund) and identify the differences between various fund types

2.

Discuss the nature of the funds industry in Ireland and Internationally

3.

List the service providers operating in the funds industry and discuss the role of each

4.

Analyse the risks embraced by collective investment schemes and discuss how these risks are mitigated

5.

Outline the regulatory requirements of collective investment schemes

6.

Demonstrate how fund valuations are derived

Teaching and Learning Strategies

Learners will be presented with a balance of theories, exercises and case studies to ensure that they have a practical appreciation of Financial Markets

Module Assessment Strategies

Students will be present with a topic to be researched early in the semester and findings will be presented to the class. (for example, research the funds industry within a particular sector, or geographic location)  This is to ensure that the students have an general understanding of the topic before lectures progress to more detailed content. 

Students will also be required to create a model of a fund in a spreadsheet to demonstrate concepts such as NAV, rebalancing and the deduction of fees.

Formative assessment will be conducted both formally and informally throughout the semester to ensure students understand all concepts

Final exam will cover all theory and students will be expected to refer to real world situations in their answers 

Repeat Assessments

Repeat examination will be scheduled where required. A student who has not passed overall, but who has successfully completed CA can repeat exam only; however a student who has not completed any CA may not have met all learning outcomes sufficiently and so may be required to submit practical work as specified by the lecturer in addition to, or instead of, a repeat exam.

Indicative Syllabus

Introduction to Investment Funds

  • Examine what funds are, who invests in them and the scale of the industry
  • Identify different fund types and cahracteristics of each
  • Explore the different legal entity used to create funds
  • Examine the benefits of domiciling a fund in certain locations 

Mutual funds

  • Characteristics of mutual fund types
  • Benefits and risks of mutual funds

Hedge Funds

  • Explain differences between hedge funds and other mutual funds
  • Risks mitigation by hedge funds
  • Hedge fund strategies

Service Providers

  • List and describe the role of service providers in the funds industry
  • How different service providers are remunerated for their work

Fund Valuations

  • Examine how funds are valued
  • Typical returns from funds
  • Fees and expenses

Regulation

  • Overview of regulation governing investment funds

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Presentation Research a sector of funds industry and present findings to peers Continuous Assessment Group Project 15 % Week 3 1,2,3,5
2 Create a spreadsheet based model of a fund Continuous Assessment Assignment 25 % Week 10 1,3,4,6
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Written 2 hours exam Final Exam Closed Book Exam 60 % End of Semester 1,2,3,4,5,6
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Tiered Classroom Lecture 3 Weekly 3.00
Tutorial Flat Classroom PBL, Group discussion, case studies, etc 1 Weekly 1.00
Independent Learning UNKNOWN Research, case study 3 Weekly 3.00
Independent Learning Computer Laboratory Test Fund Model 2 Once Per Semester 0.13
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Module Resources

Non ISBN Literary Resources

Frush, S. P. (2008). Hedge funds demystified a self-teaching guide. McGraw-Hill.

Lhabitant, F.-S. (2004). Hedge Funds: Quantitative Insights. John Wiley & Sons.

Petillo, P. (2009). Mutual funds for the utterly confused. McGraw-Hill.

Other Resources

Financial Times

Economist Magazine

Trade Journals

Additional Information

None