FINAN222 America Public University Finance Fund Prospectus Project Hello, I am looking to someone to write me, almost two pages The paper about Finance, I really need to finish this soonThere is too many part on this project i need only one part which is Fund Prospectus This course is designed to provide students with an introduction to modern portfolio management and
asset valuation. Through this course, students will gain a systematic understanding of financial markets,
the various types of financial instruments, and the main investment theories. The group project provides
students an opportunity to apply modern investment strategies and risk management tools to near realworld portfolio management without real-world risk. Students are required to design a trading strategy
(including security selection), implement the strategy (execute the trades), and evaluate the performance
of the portfolio. The trading platform for the project is the Virtual Stock Exchange at
You are beginning your new job with Patriot Wealth Strategies, a wealth management firm managing
approximately $50 billion in assets. Patriot has a variety of funds with various objectives. You and two or
three of your associates, as a group, have been asked by management to create and manage a new fund
based on your own ideas, benchmarking the performance of the fund against an existing index. You have
learned that the other forty new associates at Patriot have received similar assignments, and that the
performance of each fund will be evaluated by management 10 weeks after the inception of each fund.
Management has indicated that, although, the funds total return as measured against the chosen
benchmark is certainly important, due to the short time horizon, the novelty and effectiveness of your
investment strategy may be even more important in making you stand-out as the next star money manager
of the firm (and the recipient of the biggest year-end bonus).
For practice: Aug. 26 to Sept. 9
For grade: Sept. 10 to Nov. 18
The project represents 30% of the final course grade. The component elements of the project (and their
associated weights of the final grade) are as follows:
Prospective (10% of the final grade)
Project presentation (5% of the final grade)
Project report (15% of the final grade).
Fund Prospectus: Due Sept. 16, in hard copy. The fund prospectus is intended for prospective investors
and outlines your investment plan. At a minimum, your prospectus should address the following
elements: investment objective (or objectives); investment strategies; historical performance of your fund;
risks, fees and expenses, distribution policy; and fund managers biographies. You may add additional
information, as desired. (You may develop fictional historical performance data and fictional fund
manager biographies for this game.)
For reference, review existing prospectuses, at this site:
https://personal.vanguard.com/us/literature/prospectus/mutualfunds;; and view tutorials, like these:
Don't use plagiarized sources. Get Your Custom Essay onFINAN222 America Public University Finance Fund Prospectus Project Hello, I am looking to someone to write me, almost two pages The paper about Finance, I
You may be creative in developing the historical performance section of your prospectus, and in
presenting the biographical sketches of your management team.
Final Project Report: Due Dec. 2, in hard copy. This report will be sent to your investors at the end of
the investment period and will give them a summary of the fund performance. Investors want to know
how the fund has performed compared to your initial plan. After reading your report, investors will
decide whether they should continue to invest in your fund or should they change the amount of funds
they put in your group. Your report should be within 8 pages, double-spaced (consult a mutual fund yearend report for a general idea of what to include). You may append tables and figures (no more than 5
additional pages) at the end of the report as supporting documents. Your name must appear in the cover
page to receive credit.
Presentation: Fund managers often give presentations to major investors about their fund performance,
and answer questions the investors may have. To mimic this situation, each group will give a 15 to 20minute presentation of their fund to the whole class. Every member of the group will participate in the
presentation. Members of other groups, acting as the major investors, should ask questions and evaluate
the presentation. Use PowerPoint slide show, or equivalent, in your presentation. Presentation slides are
due no later than noon on Dec. 2 in electronic format (via Blackboard drop box), when presentations
are held in class. Your name must appear on the first slide and you must participate to receive credit.
Peer Evaluation: Within the same group, each members contribution may differ. To account for this,
each member is required to file a peer-evaluation for the other members within the same group. This peerevaluation will be taken into consideration in determining everyones grade.
1. You will manage $1,000,000 in one portfolio. Short selling and buying on margin are allowed.
Remember that the current maximum margin is 50%. Thus, your allowable buying power is
2. When you place an order, you will be charged a commission fee. Although you can rebalance
your portfolio as frequently as you desire, bear in mind that transaction costs can add up and
lower your performance. On the other hand, this is a good opportunity to test any day-trading
3. You may place (and are encouraged to try out) different types of orders: market orders, limit
orders, and stop-loss orders. (The commission fees may differ for different kinds of orders and
4. You must confirm each order to complete any transaction.
How to start with the Virtual Stock Exchange?
1. Visit http://www.marketwatch.com/game/
2. If this is your first-time logging into this website, you will need to register first, so please follow
the instructions. Later, you may log in directly.
3. On the left-hand side tab, choose and click Find a Game to Join
4. Enter our game ID: Patriot Wealth, and the game should appear.
5. You still need a password for this private game. The password is patriotwealth2019. Then click
6. Read the Game Rules carefully, as it specifies important settings for the game including your
initial cash amount, trade commissions, etc.
How to Start Trading?
Before planning on your trading strategy, you should first think about your own preferences. What is your
investment goal for retirement or speculation with free cash? This will determine how much risk you
can tolerate. Do you want to diversify across different geographic locations, sectors/industries, select
particular securities, market time?
Possible trading strategies:
IPO long-term underperformance
Following insider transactions
Takeover target premiums (merger arbitrage)
Contrarian strategy (Buffet analysis)
Value Line recommendations, and other investment newsletters
Macroeconomic fundamental analysis
You may apply any of the strategies above (and many more); and you are encouraged to discover and
implement new strategies. Caution: the strategies that you choose to pursue should be consistent with the
strategies mentioned in your prospectus.
Where to find individual company information? You may use the Bloomberg terminal to retrieve useful
information on individual securities and portfolios.
Sources that you may find to be particularly valuable for your research include:
Wall Street Journal: www.wsj.com
Yahoo Finance: finance.yahoo.com
Daily Treasury Yield Curve Rates: http://www.treasury.gov/resource-center/data-chartcenter/interest-rates/Pages/TextView.aspx?data=yield
Walker Management Library: Walker Management Library Research Links for
Managerial Studies Students
Guidelines for Preparing the Final Report:
Here are some suggestions regarding your final project report. The report can include the following parts:
1. Cover page: Title, authors, date, etc.
2. Abstract: A short paragraph summarizing the main points of the report (fewer than 100 words).
3. Introduction: Briefly describe the following. What have accomplished in the project? What are your
investment goals, your investment benchmark, and trading strategy? How did your fund perform relative
to the market? Specify some main performance metrics, such as the Sharpe ratio. At the end of your
Introduction, briefly lay out the organization of the remaining part of your report.
4. The Fund: Describe in detail your investment strategy and why you chose this strategy for your fund.
What are the main holdings in your fund? Why did you choose these securities? Which are the major
winners and the major losers? Did you make profit by long or short positions? What kind of orders did
you place (e.g. market orders, limit orders)? You may append tables to present your results and facilitate
your discussion, and refer to the appended tables in the text.
5. Performance Evaluation: In this part, you discuss the rate of return of your fund over the investment
period. How does it compare with the market, and the other groups? You may plot returns in a graph for
ease of comparison. How risky is your fund the beta and the volatility. What are the performance
metrics of your fund, including the Sharpe ratio and Treynor measure? You may append tables to present
your regression analysis and summary statistics.
You may further interpret the empirical results and discuss their implications. What have you done
correctly and what would you change in managing your fund? If your strategy did not perform as you
expected in the investment period, you would want to discuss why. Or, if you believe the results do not
fully reflect the effectiveness of your strategy, explain why you think so. If you have many securities in
your portfolio, you can choose to focus on a select few to discuss in detail.
6. Conclusion and Discussions: Summarize the main points of your report. What have you learned from
the fund management performance evaluation?
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