Business sciences

PASQUALINA PORRETTA

At the end of the course, the student will be able to: - understand the risk-return characteristics of the main managed savings instruments; - analyze the contractual peculiarities, operating methods, and purposes of the main managed savings instruments; - comprehend the main reference frameworks of the managed savings sector; - develop skills in analyzing investment choices.
The student will be able to communicate clearly and in a structured manner, using appropriate technical language, concepts, and analyses related to investment instruments both in academic and professional contexts.

Basic concepts of financial mathematics

The asset management industry
:- the structure of the Italy market asset management and the role of financial advisory;
- the development of the asset management industry;
-the development of th regulatory framework;
- the main financial instruments of asset management: contractual characteristics, risk-return profile;
- Collective asset managers and other non-bank financial intermediaries
- Asset management companies (SGR)
- Investment companies with variable capital (SICAV)- Brokerage firms (SIM);
Harmonized open-end investment funds: actively managed funds, passively managed or index funds
- ETFs: characteristics, functioning, risk-return profile-
Alternative investment funds: closed-end financial AIFs, closed-end real estate AIFs, closed-end ELTIFs and reserved hedge fund AIF;
c) Portfolio management and performance evaluation also ESG oriented

Provided by the teacher on the moodle platform


Ferrari, Gualandri, Landi
Strumenti, prodotti e servizi finanziari. Bisogni di investimento, finanziamento, pagamento e gestione dei rischi
ISBN: 9788892141346

Lectures, individual or group exercises, seminars

Not mandatory but recomended

The written exam consists of 15 questions: 3 multiple-choice questions, 3 open questions on the basic knowledge of the course, and 9 exercises to be completed in a manner similar to the practice exercises carried out during the course. Maximum time available: 2 hours. The oral exam will complete the assessment of knowledge.

What are the main characteristics of an open-end mutual fund?
What are the main instruments of managed savings?