EFB347 Student Managed Investment Fund 1
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | EFB347 |
|---|---|
| Prerequisite(s): | EFB335 |
| Other requisite(s): | Minimum Grade Point Average (GPA) of 5 and a selection interview, if required |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,024 |
| International unit fee | $4,176 |
Unit Outline: Semester 1 2024, Gardens Point, Internal
| Unit code: | EFB347 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | EFB335 |
| Other Requisite: | Minimum Grade Point Average (GPA) of 5 and a selection interview, if required |
| Coordinator: | Anup Basu | a.basu@qut.edu.au |
Overview
Businesses operate in an environment of manifold uncertainty which is difficult, if not impossible, to recreate within a traditional classroom environment. Instead, this unit offers students a unique opportunity to apply the knowledge and skills developed throughout their undergraduate finance studies to real world investment evaluations and decisions, drawing particularly on the investment knowledge gained in EFB335. This unit focuses on the application of theories and techniques used in security analysis and valuation which are attuned to practice in the real world, including estimating a company's intrinsic value, identifying growth opportunities and threats to business and profitability, and social and ethical considerations of investors. Working under the guidance of academics and industry experts, students gain real experience as professional analysts.
Learning Outcomes
On successful completion of this unit you will be able to:
- Apply fundamental investment principles and processes to manage (real) money in pursuit of defined objectives, including environmental, social, and governance (ESG) considerations.
- Use an applied understanding of investment analysis methods to value stocks and bonds to inform investment decisions.
- Work collaboratively and effectively in a team environment.
- Communicate persuasively in written and oral forms in order to advocate recommendations in applied settings.
- Demonstrate an applied understanding of investment operations and practices within fund management firms.
Content
Topics/activities covered in this unit include:
- Economic Analysis
- Sector/Industry Analysis
- Company Share Analysis and Valuation
- Bond Analysis and Valuation
- Bloomberg Terminal Functions
- Analysts' Reports
- Investment Pitch
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit adopts an experiential learning approach, which is an advanced form of activity-based learning, where teaching staff provide direction and support mainly through workshops and consultations rather than formal lectures. Students also have opportunities to be mentored by industry professionals to gain insight into the best practices within the profession. These opportunities arise through both formal feedback on assessment(s) and informal interactions.
Students in this unit will receive training as analysts for the Student Managed Investment Fund (SMIF), under the guidance of Unit Coordinator(s) and students enrolled in Student Managed Investment Fund 2. The main task of students will be to provide support in formulating investment recommendations to be reviewed and endorsed by an Advisory Committee that includes industry practitioners and QUT staff. The students will also be responsible for assisting in the day-to-day functions typical of a managed fund. Entry to the unit will be selective, with the expectation that students who successfully complete Student Managed Investment Fund 1 will continue to the Student Managed Investment Fund 2 unit. Students' learning will occur through assisting in the management the SMIF and its activities, and in undertaking research in support of investment recommendations and design of investment processes. All investment activities are undertaken following processes and investment guidelines approved by QUT governance and risk assessment committees.
COVID-19 restrictions may require changes to the planned Learning Approaches described here. Students should refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: such as verbal feedback in workshops, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct:to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the unit learning outcomes and course assurance of learning goals. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Workshop and SMIF Activities
Students are expected to regularly attend and participate in the SMIF workshops/meetings and assist with fund management-related activities. The weekly meetings/workshops will take up various issues related to security valuation. Students are expected to participate and engage in the discussions which identify, discuss and debate issues with the sector/security they are analysing. Students may also be required to assist with activities related to management, administration, and promotion of the SMIF.
Formative or Summative: Formative and Summative.
Business Capabilities (AoL goals): KS(1.1), PC(3.2)
Assessment: Research Report
Students will be organised into sector teams at the beginning of the semester. Each team will conduct research as independent analysts on two listed companies within the sector by using Bloomberg and other resources and prepare a detailed report with investment recommendations.
This is an assignment for the purposes of an extension.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.2), SE (5.2)
Assessment: Investment Pitch
Each team will make a pitch on their investment recommendations to their peers, senior colleagues, and a panel of industry experts and respond to questions from the audience.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.2), PC (3.2), TS (4.2)
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
There is no prescribed text for this unit.
Recommended text(s)
Damodaran, A. (2012). Investment Valuation, 3rd Edition, Wiley.
Sonkin, P. and Johnson, P (2017). Pitch the Perfect Investment, Wiley.
Valentine, J. (2011). Best Practices for Equity Research Analysts, McGraw Hill
Other
There are many other publications found in the library. For articles (newspaper, research, etc.), and databases (Morningstar, WRDS etc) the library's electronic resource network is most helpful. See the Information Desk for details. Bloomberg data can be accessed from the terminal located at the Securities Dealing Room in the School of Economics and Finance. Additional reference material can also be found at the unit's Canvas site: http://Canvas.qut.edu.au
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | EFB347 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | EFB335 |
| Other Requisite: | Minimum Grade Point Average (GPA) of 5 and a selection interview, if required |
| Coordinator: | Anup Basu | a.basu@qut.edu.au |
Overview
Businesses operate in an environment of manifold uncertainty which is difficult, if not impossible, to recreate within a traditional classroom environment. Instead, this unit offers students a unique opportunity to apply the knowledge and skills developed throughout their undergraduate finance studies to real world investment evaluations and decisions, drawing particularly on the investment knowledge gained in EFB335. This unit focuses on the application of theories and techniques used in security analysis and valuation which are attuned to practice in the real world, including estimating a company's intrinsic value, identifying growth opportunities and threats to business and profitability, and social and ethical considerations of investors. Working under the guidance of academics and industry experts, students gain real experience as professional analysts.
Learning Outcomes
On successful completion of this unit you will be able to:
- Apply fundamental investment principles and processes to manage (real) money in pursuit of defined objectives, including environmental, social, and governance (ESG) considerations.
- Use an applied understanding of investment analysis methods to value stocks and bonds to inform investment decisions.
- Work collaboratively and effectively in a team environment.
- Communicate persuasively in written and oral forms in order to advocate recommendations in applied settings.
- Demonstrate an applied understanding of investment operations and practices within fund management firms.
Content
Topics/activities covered in this unit include:
- Economic Analysis
- Sector/Industry Analysis
- Company Share Analysis and Valuation
- Bond Analysis and Valuation
- Bloomberg Terminal Functions
- Analysts' Reports
- Investment Pitch
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit adopts an experiential learning approach, which is an advanced form of activity-based learning, where teaching staff provide direction and support mainly through workshops and consultations rather than formal lectures. Students also have opportunities to be mentored by industry professionals to gain insight into the best practices within the profession. These opportunities arise through both formal feedback on assessment(s) and informal interactions.
Students in this unit will receive training as analysts for the Student Managed Investment Fund (SMIF), under the guidance of Unit Coordinator(s) and students enrolled in Student Managed Investment Fund 2. The main task of students will be to provide support in formulating investment recommendations to be reviewed and endorsed by an Advisory Committee that includes industry practitioners and QUT staff. The students will also be responsible for assisting in the day-to-day functions typical of a managed fund. Entry to the unit will be selective, with the expectation that students who successfully complete Student Managed Investment Fund 1 will continue to the Student Managed Investment Fund 2 unit. Students' learning will occur through assisting in the management the SMIF and its activities, and in undertaking research in support of investment recommendations and design of investment processes. All investment activities are undertaken following processes and investment guidelines approved by QUT governance and risk assessment committees.
COVID-19 restrictions may require changes to the planned Learning Approaches described here. Students should refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: such as verbal feedback in workshops, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct:to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the unit learning outcomes and course assurance of learning goals. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Workshop and SMIF Activities
Students are expected to regularly attend and participate in the SMIF workshops/meetings and assist with fund management-related activities. The weekly meetings/workshops will take up various issues related to security valuation. Students are expected to participate and engage in the discussions which identify, discuss and debate issues with the sector/security they are analysing. Students may also be required to assist with activities related to management, administration, and promotion of the SMIF.
Formative or Summative: Formative and Summative.
Business Capabilities (AoL goals): KS(1.1), PC(3.2)
Assessment: Research Report
Students will be organised into sector teams at the beginning of the semester. Each team will conduct research as independent analysts on two listed companies within the sector by using Bloomberg and other resources and prepare a detailed report with investment recommendations.
This is an assignment for the purposes of an extension.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.2), SE (5.2)
Assessment: Investment Pitch
Each team will make a pitch on their investment recommendations to their peers, senior colleagues, and a panel of industry experts and respond to questions from the audience.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.2), PC (3.2), TS (4.2)
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
There is no prescribed text for this unit.
Recommended text(s)
Damodaran, A. (2012). Investment Valuation, 3rd Edition, Wiley.
Sonkin, P. and Johnson, P (2017). Pitch the Perfect Investment, Wiley.
Valentine, J. (2011). Best Practices for Equity Research Analysts, McGraw Hill
Other
There are many other publications found in the library. For articles (newspaper, research, etc.), and databases (Morningstar, WRDS etc) the library's electronic resource network is most helpful. See the Information Desk for details. Bloomberg data can be accessed from the terminal located at the Securities Dealing Room in the School of Economics and Finance. Additional reference material can also be found at the unit's Canvas site: http://Canvas.qut.edu.au
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.