CORPFIN 6013 - Wealth Management in Asia
North Terrace Campus - Semester 2 - 2023
General Course Information
Course Code CORPFIN 6013 Course Wealth Management in Asia Coordinating Unit International Centre for Financial Services Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange N Prerequisites CORPFIN 7005 Incompatible CORPFIN 6004 Course Description This course is taught by both academic and industry instructors and focuses on the Wealth Management industry in the Asia Pacific region. It explores the needs of high net worth investors and the asset classes that they invest in. It examines diversification of risk management and portfolio performance measurement. The vital importance of asset allocation, both strategic and tactical are explained and workshopped. The rapid growth of private banking and family offices are explored in detail. Private Banking is an exclusive subset of wealth management. We will examine traditional services offered by private banks as well as the newer solutions in this space. Emphasis will be placed on understanding the client segmentation strategies of private banks in Asia. In addition, we explore the needs, behaviours and investment strategies of the HNW and UHNW clients with a focus on China, Singapore, Hong Kong, Australia and India, that the Private Banks seek to serve with such solutions.
Course Coordinator: Dr Syed Zamin Ali
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesOn successful completion of this course, students will be able to:
1. Understand behaviour of traditional/core and alternative asset classes and the role they play in investors' portfolios.
2. Examine the importance of asset allocation and how this relates to the investment strategies of firms and individuals
3. Determine the core requirements of portfolio construction and read mutual fund performance reports in order to provide a recommendation on the choice of funds.
4. Identify the key trends that are shaping the wealth management industry, private banking and the needs and behaviours of HNW and UWNI clients. Global issues are explored with emphasis placed on Asia Pacific examples.
5. Compare the structures, operations, solutions and strategies of Private Banks in the Asia Pacific region
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
1, 2 and 3
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
4 and 5
Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
Required ResourcesAll resources will be provided to students in MyUni for the course. Additional readings will be advised to students and listed under each topic in the MyUni web-site, course materials.
Recommended ResourcesAll resources will be provided to students in MyUni for the course.
Online LearningThis course is organised in a 3 hour seminar mode and will utilize the online learning environment in a variety of ways.
Seminars: Pre-recorded lecture for each Topic will be available one week before the topic is scheduled. Students should watch the pre-recorded lecture in advance for better understanding of the topic. Seminars will not be recorded.
Workshop Questions: Only Excel/Quants based tutorial questions recording will be provided on Ecdho 360.
Discussion Board: Students can clarify any issues during the seminars as well as by posting their questions on the Discussion Board. Discussion Board will be the primary source of online interface between students and the academic staff. All questions will be answered within 2 working days. We had tremendous success in using the Discussion Board last semester and students felt that it helped them in their assignments, test and examination preparation.
Test solutions will be provided on Echo 360 so students can understand where they may have made a mistake.
Please feel free to use emails for personal issues and they will be answered in 2 working days. You will be asked to post course related questions on the discussion board and everyone is encouraged to join the discussion. These discussions are extremely useful and will help everyone in the course. For any urgent matter, please contact the lecturer-in-charge.
Learning & Teaching Activities
Learning & Teaching ModesThis course is an applied course where students will use theoretical concepts of the Modern Portfolio Theory (MPT) and apply it in a real world setting. Students will design multi-asset class and multi-market investment portfolio(s) for institutional investors, which will include Australian, and Northern American active and passive mutual funds.
To achive the level of skill required a flip-classroom teaching style will be employed. Students will watch the pre-recorded lectures on every topic prior to attending the seminar. Seminar time will be dedicated to (i) taking a deep dive into the important aspects of the topic, (ii) demonstartions in Excel and Refinitiv, and (iii) working on workshop questions. The style of how the seminar is organised is to ensure students are able to discuss these ideas in further details. Students must note that seminars will not be recorded.
Workshop questions are important to clarify aspects related to each topic and it is expected that students will work on workshop questions each week during the seminar. Solutions to quantitative workshop questions, or Excel bases exercises will be made available on Ech 360 at the end of each week. Students must attend seminars to get the solutions to each week's workshop questions. Students can also write out their answer on the discussion board OR discuss this during consultation time.
Group project is an important aspect of the course to demonstrate the concepts and skills acquired during the first 8 weeks of the semester.
This course has four teststo ensure that students have understood the required concepts.
Final/Replacement examination is an assessment of how well students have uderstood the concepts and are able to apply them in an exmination setting.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course of private study outside of your regular classes.
Learning Activities SummaryWeeks 1 and 2: Asset Classes
This part fo the course focuses on understanding Core Asset Classes (Equities and Bonds) charachteristics and perforamnce behaviour and an Introduction to Alternative Investments (Private Equity/Venture Capital, Real Estate, Infrastructure, Hedge Funds and Commodities) .
Weeks 3 and 4: Asset Allocation
This part of the course focuses on the theoretical foundation of Modern Portfolio Theory. Students will learn to create Mean Variance efficient portfolio for an Investor using core asset classes and alternative investments.
Weeks 5 and 6:Practical Asset Allocation
This part of the course extends the theoretical portfolio construction to the real world.
Weeks 7 and 8: Fund Evaluation and Selection
This part of the course focuses on the implementation of an asset allocation using funds from the market. Students will learn quantitative and qualitative aspects of a fund to select funds for a hypothetical investor.
Weeks 9 and 10:Behavioural Finance
Behaviours and Trends of Private Investors in Asia
Behaviours and Trends of family Offices in Asia
Weeks 11 and 12:Wealth Management in Practice
The Client Experience - Private Banks in Asia
The Role of the Wealth Advisor
HNW/UNHW Client Segmentation Strategies – Asia Pacific
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Due Date Weighting Material covered in Test 1 Monday15th March @ 5-6pm 8% Weeks 1 and 2 Test 2 Monday 29th March @ 5-6pm 10% Weeks 3 and 4 24 hour assignment Tuesday 27th April @ 12:01am to 11:59pm 12% Weeks 5 and 6 Test 3 Week 9 - Date/Time TBA 10% Weeks 7 and 8 Test 4 Week 11 - Date/Time TBA 10% Weeks 9 and 10 Assiognment Week 8 25% Weeks 1 to 6 Final Examination As per examination Schedule 25% Weeks 7 to 12
Assessment Related Requirements5 x Tests (50%):
This course has 5 tests - 60 minutes and 24 hour - in weeks 4, 6, 8 , 10 and 12. Details of each test will be provided on MyUni (Assessment Overview).
This is a group assignment in teams with a maximum of 2 students.
Students will be provided with a case study and consider the case from the perspective of a wealth manager.
All students must complete a 90 minute closed book exam and will cover all topics.
Students must complete ALL assessment components for this course.
No information currently available.
SubmissionPresentation of Assignments
• Please must retain a copy of all assignments submitted.
• Please attach an ‘Assignment Cover Sheet’, which is signed and dated by you before submission.
• The lecturer will advise method of delivery for the assignment
Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism.
Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by a 5% mark reduction for each day that it is late.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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