Asset Pricing

This section deals with the valuation of securities and  derivatives, which has to deal with the timing, amount and risk of the corresponding cash flows. The pricing of bonds is discussed, taking into account, among other things, the yield curve as well as interest rate and default risk. Derivatives such as forwards, futures, options and swaps as well as hybrid instruments such as convertible bonds will be evaluated. Exemplary valuations of products will conclude the first section of the course.


Asset Management

This section builds upon the Asset Pricing section by examining the portfolios of securities on the basis of the resulting cash flows and risk/return profiles. In addition, derivative-based hedging strategies to manage market price risks, the measurement of portfolio performance and risk-oriented performance measures are discussed.


Latest information on the Asset Pricing & Asset Management course can be found on the learning platform ILIAS.