This coursework is an individual assignment. The coursework has to be presented in a good format. Overall, including tables, references etc. should not exceed 3000 words. The coursework weighting is 30%.
The coursework will be due on Monday, 11th January 2016 before 1pm.
Students are required to note the following:
1. The coursework is expected to be 3,000 WORDS LONG (Â± 10%).
2. Students are expected to answer ALL parts of the assignment.
3. The assignment should be produced in Microsoft Word and Excel.
4. In terms of presentation:
(a) All work must be presented in the sequence and manner suggested below.
(b) Students should strive for a clear organised statement to the reader and the coursework should be proof read several times, MARKS WILL BE DEDUCTED for poor spelling and if there is a lack of clarity.
(c) The coursework should be written in Microsoft Word, typescript Times New Roman 12pt., one and half line spacing.
(d) The coursework is expected to have a COVER PAGE, with your names, student numbers AND a TABLE OF CONTENTS.
(e) All tables, graphs and appendices are to be CLEARLY LABELLED; MARKS WILL BE DEDUCTED for poor labelling.
5. Students are required to correctly reference any material used in the preparation of the coursework and include a list of references at the end of the coursework, MARKS WILL BE DEDUCTED FOR INCORRECT REFERENCING.
(Note: A guide on referencing can be found on the university library website at
6. As in any assignment, it is important to start early, to this extent, it is important that you start meeting and collecting your data AS SOON AS POSSIBLE.
7. Students will be required to submit the assignment online and are therefore required to familiarise themselves with how to do this WELL AHEAD OF THE DEADLINE, excuses of â€œI did not know how to submitâ€ will not be accepted.
8. Any submission by email is NOT acceptable and will NOT be marked.
Should you have any queries regarding these instructions, please do not hesitate to contact the module leader either by email or during office hours.
Setting the Scene
WBS is a pension fund that is managed professionally by an expert fund manager who invests in a variety of investments. You are a fund manager looking to buy into mutual funds and exchange traded funds (ETFs).
To facilitate your decision-making you will be analysing the performance of mutual funds and ETFs in the last five years. You are looking to invest in three mutual funds and three exchange traded funds (ETFs) based on their performance. [Data may be downloaded from Bloomberg].
a) Prepare a report setting out the following information
Î½ The rationale of choosing the funds
Î½ Set your objectives â€“growth or income etc.
Î½ Provides objectives and constraints for the investment manager.
b) You will be using fundamental analysis (the â€˜top-downâ€™ approach) to select and analyse the funds world-wide. Using the tools that you have learnt in â€˜top downâ€™ approach, provide an analysis of the economy and various markets(i.e. equities and bond) and give reasons as to whether or not it is favourable to invest taking into account the macroeconomic and chosen market conditions.
c) To analyse the performance of the funds, compute the risk adjusted measure i.e. the Sharpe Ratio.
d) Compare and contrast your results. Comment on your findings and justify your answers
NB. Students should provide a written description that covers the following:
1. The concepts behind the calculations.
2. Any assumptions made.
e) In the concluding portion of the report, students are required to summarize the purpose and findings. Students may provide a discussion of the major points and drawbacks and a forecast of how the funds would perform with possible assumptions if required.