Module SS 2017

> Active and Passive Equity Portfolio Management
> Asset Allocation, Investment Horizon and Risk Measurement
> Performance Measurement and Output Evaluation
> Exchange Rate Risk Management
> Rebalancing Effects
> Discussion of the Methods of Individual Selected Journal Contributions
> Resampling to address parameter uncertainty and time-horizon effects in portfolio management
> Forecasting moments of returns
> Portfolio Theory and Optimal Risk Portfolio
> Capital Market Models and Evaluation on Complete Markets
> Momentum und Contrarian Strategies
> Technical Analysis
> Risk-based Heuristic Models
> Programming in R and/or Matlab

Master students have the opportunity to take part in educational journeys to the world’s most important financial centres. Taking place every two years, the educational journey adds practical perspective to the academic content of the programme.

Destinations of previous journeys include: New York (2005), Shanghai (2007), Hong Kong (2009), Singapore & Kuala Lumpur (2011), New York and Chicago (2013) and Beijing and Shanghai (2015).

• Recognising problems and analysing various topics in the area of financial services
• Handling ambitious practical problems in financial services like consulting projects and

real portfolio management

• Developing customer-specific solutions
• Communicating with project client
• Presenting the final project report
• Working in a team in a project-oriented manner
• Mastering a portfolio under the supervision of a portfolio manager
• Working up all relevant information and data for portfolio management
• Structuring the strategic and tactical asset allocation
• Deciding on security selection

• Identification of a research problem and development of a research question
• Thematically formulating a problem and developing a solution through application of

scientific methods

• Independence in handling a research problem determined in the course of an assessment.
• Discussion with the advisor about methodological and content issues in solving a research

topic.

• Completion of a comprehensive assignment where the students deal with a theoretical or

practice-oriented problem in their field of specialisation by drawing on scientific work
methods.

• Completion of presentation documentation on a research problem within their specialised

field.

• Defense of the elaborated research topic and in-depth discussion with the examination

board.

All aspects that have to be considered for writing a successful exposé and master thesis, like e.g. the fulfillment of formal requirements, the development of a research project and the correct choice of methodology for answering the research question.

Financial Risk Management:

• Identifying, Measuring, and Management of Financial Risks
• Risk Categories and Associated Models: Market, Credit, Operational and Liqudity Risks
• Rating Agencies and Credit Ratings

• Derivatives Markets and Instruments: Forwards, Futures, Options, Swaps, Exotics, Credit Derivatives
• Pricing of Equity, Fixed Income, Currency, Commodity, and Credit Derivatives
• Hedging Using Derivatives
• Financial Engineering

Liechtenstein Foundation Law:

• general information and basic principles
• liability
• formation
• entrepreneurial responsibility
• asset protection
• philanthropy

Liechtenstein Trust Law:

• historical background and basic principles
• Hague Convention
• formation
• dualism of ownership
• business enterprises
• asset protection
• philanthropy

• International and Intertemporal Tax Management for Natural Persons: Goals and Instruments
• National, International and European Taxation of Asset Structures: Development, Investment and Succession of Assets.
• National, International and European Taxation of Financial Instruments: Development, Investment and Succession of Assets.

Extracurriculare Activities comprise of various activities that are not linked to the Curriculum of the MSc in Banking and Financial Management, which are optional and further support the studying of the Master programme.