辅导 ACCFIN5249 Capital Markets and Investment 2024/2025讲解 R程序

Assessment Brief 2024/2025

Individual assignment Information

QUESTION

You are asked to set up and manage a £100 million (+/- 10%) equity fund which is only eligible for the staffs of the University of Glasgow to invest.

You are at liberty to design the fund, except for the following mandatory requirements:

•   The fund must contain 20 equities

•   All reporting must be expressed in pound sterling

Q1. Prepare a fund fact sheet for the fund, please see the following examples as

references:AXA Framlington Global Technology Z Accand Aviva Investors Global Equity Income Fund 2 GBP Acc.

The fund fact sheet should contain: (40%)

•    Fund objective

•    Management strategy

•   Overall risk measurement

•   Geographical distribution of investments

•    Fund breakdown by industrial sector

•    List of the 20 equities invested

•    Benchmark

•    Monthly return and volatility of the fund and the benchmark over the period 1 September 2023 -30 September 2024

•    Risk for the fund

•    Key facts, e.g., management fee

*You are encouraged to make good use of tables and graphs

*You are encouraged to obtain data, construct, manage and evaluate your investment portfolio with credible sources such as Bloomberg, Datastream and Yahoo! Finance

*Your grade will not be affected by your fund’s performance.

Q2. After reading the fund fact sheet, your line manager asked two questions, please prepare for a response letter for the following two questions. (60%)

•   Could you summarize and critically assess the factors driving performance of the fund over the period 1 September 2023 -30 September 2024? (30%)

•    How would you rebalance your portfolio to improve the fund’s performance in the following year? You must make at least two adjustments and must clearly explain the reasons for the adjustments. (30%)

*Your grade will not be affected by your fund’s performance.

ASSESSMENT CRITERIA

The work will be assessed based on the answers in Q1-2. The fund’s performance is not part of the assessment criteria.

For Q1, students are expected to present the key information, as outlined in the question, of the fund accurately and effectively. The best marks will be awarded to  students who make excellent use of tables and graphs. The format and structure of the fund fact sheet is expected be like the examples given in the questions.

For Q2a, students are expected to critically assess and evaluate the performance of the fund. The best marks will be awarded to students who are able to precisely highlight the factors leading to the underperformance or overperformance over the benchmark.

For Q2b, students are expected to rebalance the fund portfolio responding to the performance of the fund and the change in the investment environment over the past month. The best marks will be awarded to students who are able to provide rationale and excellent explanations on the adjustments.