This course is an introduction to the theory and practice of investment management. The techniques developed should be useful for both students interested in practicing professions such as asset management or financial planning and for those interested in research. The course blends portfolio theory with practical issues encountered in the investment process. Topics include identifying investor objectives and constraints; recognizing risk and return characteristics of investment vehicles; developing strategic asset allocations among equity; managing portfolio risk; increasing portfolio return and evaluating portfolio; and manager performance relative to investment objectives and appropriate benchmarks. The focus is on understanding how funds are allocated in portfolio construction while other relevant topics such as security analysis, optimal portfolio selection and delegated portfolio management are also covered. The bias in the course will be towards equity markets rather than derivatives.