Revision Q&A Session (Optional)

15 Maio 2026, 11:00 • Andrea Meireles

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Optional revision Q&A session for the final test/ exam (1st assessment period), held via Teams.

Treynor-Black Model

30 Abril 2026, 14:30 • Andrea Meireles

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Active portfolio management and security analysis. Treynor-Black model: set up and assumptions, optimal risky portfolio, Sharpe ratio, and constraints. Example.

International Diversification

29 Abril 2026, 14:30 • Andrea Meireles

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International diversification: global markets for equities (developed vs. emerging); market capitalisation and GDP; home-country bias; exchange rate risk and (covered or uncovered) interest rate parity; political risk; return and risk; benefits of international diversification.
Problem set 6: Questions 1 and 7.

Portfolio Performance Evaluation

23 Abril 2026, 14:30 • Andrea Meireles

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Portfolio performance evaluation: average portfolio return (time-weighted rate of return vs. money-weighted rate of return), risk-adjusted performance measures (Sharpe ratio, Treynor measure, Jensen's alpha, information ratio, M2 measure, and Sortino ratio), which measure is appropriate, and role of alpha.
Problem set 5: Questions 3, 4, 5, and 6.

Asset Pricing Models

22 Abril 2026, 14:30 • Andrea Meireles

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Capital asset pricing model (CAPM): assumptions, market portfolio, capital market line (CML), separation theorem, market risk premium, beta coefficient, security market line (SML), Jensen's alpha and trading decisions, testing, limitations, and extensions.
Problem set 5: Questions 1 and 2.