3804369: Wealth management

Description

• Strategic, Dynamic and Tactical Asset Allocation
• Active Portfolio Management
• Asset Allocation, Investment Horizon and Risk Measurement
• Performance Measurement and Output Evaluation
• Discussion of the Methods of Individual Selected Journal Contributions
• Introduction to Life Insurance, Occupational Pensions and Pension Funds
• The Role of Life Insurance in Estate Planning
• Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
• Selected Annually Changing Theoretical Questions on Wealth Management
• Role of Term Structure in Asset Allocation
• Relationship between the Real Economy and Financial Markets
• Currency Regimes and International Diversification Exchange Rate Risks in Asset Management Protection Management
• Resampling to address parameter uncertainty and time-horizon effects in portfolio management
• Planning and sequential decision making under uncertainty and Merton Framework
• Scenario representation and scenario optimization modelling in GAMS

Lecture Goals

After completion of the module, the students have at their disposal comprehensive and integrated knowledge of most core issues in wealth management and have a critical understanding of the majority of the utilised procedures and methods. They have at their command specialised knowledge of professional methods for processing data and illustrating it in a well-structured manner. They are able to show originality and creativity in the application of their knowledge and take into consideration scientific and ethical issues in the face of incomplete information. The students are able to communicate on the subject of wealth management with experts and laities and thus reflect and enlarge upon their knowledge and methods. andidates understand the fundamental difference between one-period and multi-period decision problems and how to model real-life optimization task. Those who have followed the course will be able to formulate and solve optimization problems in GAMS.

Lectures Method

Interactive lecture, exercises, seminar

Admission Requirements

It is recommended to complete the modules International Corporate Finance, Derivatives, Financial Engineering and Risk, and International Accounting and Taxation beforehand.