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    Asset Allocation
    Wharton Executive Education

    Asset Allocation

    Wharton Executive Education, Philadelphia
    AnytimeDuration
    onlineFormat
    EnglishLanguage
    FinanceTopic

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    Anytime - Self-Paced
    online ยท Self-Paced
    Open
    $1,200

    All-inclusive program fee

    About This Program

    In this asset-allocation course, youโ€™ll build on your portfolio-management knowledge by exploring the importance of asset allocation in investing. Asset Allocation was designed by professors Christopher Geczy and Jules van Binsbergen to equip you with different portfolio strategies and risk-management tools. Youโ€™ll analyze the theoretical frameworks of the modern portfolio theory (MPT) and the capital asset-pricing model (CAPM) while exploring how to apply multi-factor asset pricing models. Real-life examples are used to discuss asset-allocation models, long- versus short-term considerations and portfolio attribution analysis. By the end of this asset-allocation course and online portfolio-management certificate program, youโ€™ll employ allocation models to analyze correlation and volatility in your investments better โ€” so you can ultimately achieve better returns on your investments.

    Why Wharton Executive Education?

    When Fortune 500 boards, sovereign wealth funds, and serial founders want their senior teams sharpened on finance, strategy, or leadership, they repeatedly arrive at the same address in West Philadelphia. Wharton's executive programs are built on the same faculty who define the academic disciplines themselves โ€” not practitioners brought in to translate research, but the researchers writing it.

    Your Profile

    • Aspiring and current investment managers seeking to deepen their expertise in asset allocation and investment strategies.
    • Professionals looking to understand and apply advanced asset pricing models like CAPM and multi-factor models.
    • Financial advisors and planners aiming to enhance their skills in managing client portfolios across varying investment horizons.
    • Analysts interested in mastering the principles and techniques of asset liability management for long-term and short-term obligations.
    • Portfolio managers exploring strategic asset allocation methodologies, diversification strategies, and the impact of economic uncertainties.
    • Professionals focused on evaluating and improving investment performance through performance attribution analysis and multi-factor models.
    • Investors seeking a robust understanding of balancing risk and return in diverse market conditions.
    • Advanced learners looking to apply performance metrics like the Sharpe ratio and develop skills in tactical versus strategic allocation.

    Benefits

    • Implement the CAPM formula and other multi-factor asset-pricing models
    • Differentiate hedge, private equity, and venture capital funds from mutual fund strategies
    • Employ models of allocation better to analyze investment correlation and volatility
    • Assist investors in assessing risk tolerance
    • Assess performance persistence and discuss whether past performance is indicative of future results

    What You'll Learn

    • Module 1: Asset Pricing Models โ€” Explore the foundational concepts of individual versus professional investors, the capital asset pricing model (CAPM), multi-factor asset-pricing models, and the practical application of mean-variance optimization. This module sets the stage for understanding how different models are used to predict asset prices and assess investment risk.
    • Module 2: Investment Horizon and Asset-Liability Management โ€” This session focuses on the varying investment horizons of different types of investors and the complexities of managing assets in relation to liabilities. It covers the implications of investment horizon on risk and return, the nuances of asset-liability management, and the strategic considerations in balancing long-term obligations with short-term market fluctuations.
    • Module 3: Strategic Asset Allocation โ€” Dive into the methodologies behind strategic asset allocation, diversification strategies, the impact of time-varying volatility and economic policy uncertainty, and the role of risk aversion. This module also examines different models of allocation, such as the 60/40 portfolio, and their practical applications in varying market conditions.
    • Module 4: Performance-Attribution Analysis โ€” This module offers a deep dive into the techniques used to evaluate investment performance. It covers the calculation and interpretation of performance metrics like the Sharpe ratio, the impact of tactical versus strategic allocation, and the role of multi-factor models in performance assessment. Learners will also explore the nuances of adjusted values, understanding how to attribute performance accurately in a complex investment landscape. By the end of this course, learners will be equipped with the knowledge and skills to apply advanced asset allocation strategies, understand and utilize various asset pricing models, manage asset-liability considerations, and conduct thorough performance attribution analyses. This course is essential for anyone looking to deepen their expertise in investment management and asset allocation.

    Frequently Asked Questions

    How to Apply

    1. 1

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      Review the entry requirements listed on this page. Most executive programs require 8โ€“15 years of professional experience.

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    3. 3

      Contact the school

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    4. 4

      Prepare your application

      Gather your CV, reference letters, and any required test scores. Many EMBA programs waive standardised tests for senior candidates.

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