RE3ISM-Investment Strategy and Management

Module Provider: Real Estate and Planning
Number of credits: 20 [10 ECTS credits]
Level:6
Terms in which taught: Autumn / Spring / Summer module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2020/1

Email: pin-te.lin@henley.reading.ac.uk

Type of module:

Summary module description:

This module aims to enable students to develop their understanding of the concepts of investment strategy, portfolio selection and performance measurement and their application to property markets. It also aims toÌýfurther develop students' analytic capacity. Upon completion of the module, students should have an understanding of key theoretical concepts in investment strategy, be able to appraise critically published work in the field and apply this knowledge to the analysis of practical real estate problems.

This module is delivered at the ºÚ¹Ï³ÔÁÏÍø and ºÚ¹Ï³ÔÁÏÍø Malaysia.

Aims:

This module examines investment strategy, portfolio selection and performance measurement for real estate investment markets, with particular reference to private/direct real estate investment.Ìý

Assessable learning outcomes:

Upon completion of the module, students should be able to:

• identify and explain the main theoretical concepts relating to investment strategy, portfolio selection and performance measurement and be able to apply such concepts to real estate markets;


• discuss, and appraise critically, relevant literature applying investment strategy, portfolio selection and performance measurement models to real estate markets;


• apply theoretical i nvestment strategy and portfolio management principles to practical real estate problems;


• analyse capital market data using quantitative techniques, to identify theoretically optimal portfolio strategies and assess manager performance;


• interpret and evaluate published results of empirical research in the field.

Additional outcomes:

In addition, students will:

• enhance their oral and communication skills through discussions and presentations in the seminar sessions;


• develop their IT skills through the computer-based workshops;


• enhance their capacity to read complex published material in a critical fashion.

Outline content:

The module will develop understanding of material on investment and finance, emphasising theoretical and empirical analyses of real estate markets. The module will cover risk and return and investors' investment preferences; models of portfolio selection and pricing; the place of real estate in mixed asset class investment strategies; and performance measurement. The module will draw on both academic and professional literature and utilise data and examples from the UK, North America, mai nland Europe and the Pacific Rim, as appropriate.

Brief description of teaching and learning methods:

The module is primarily lecture-based, complemented with computer workshops and tutorials. Additionally, students will be expected, on an independent basis, to read prescribed articles and prepare for the workshops and tutorials.

Summative assessment- Examinations:

One three-hour examination

Summative assessment- Coursework and in-class tests:

Formative assessment methods:

Penalties for late submission:

The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.Ìý

• where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;


• where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

The University policy statement on penalties for late submission can be found at:Ìý

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Assessment requirements for a pass:

A mark of at least 40% overall.

Reassessment arrangements:

Reassessment will be by the same method as for the module’s original assessment requirements, subject to variation by the Examination Board where appropriate.

Additional Costs (specified where applicable):

• Required text books: About £50


• Specialist equipment or materials:ÌýAbout £15 for a calculator (Casio FX-83/85GTxÌýor Casio FX-83/85GTPLUS)

Last updated: 4 April 2020