This module assumes basic knowledge and understanding of risk-return relationship, portfolio theory, and CAPM.  It considers the investment and portfolio management decision in more detail by first examining the asset allocation decision and investments in a global context.  It then attempts to evaluate different types of securities (bonds and stocks) in which investments can be made using a three-step top-down approach consisting of macro- and micro-market analysis, industry analysis and finally, company analysis.  It then critically examines different equity portfolio management and performance evaluation strategies.