Another student assignment, worth spreading for ideas and advices.
Link to report FINC6013 Assignment report 1.0
This report provide examination and discussions on international portfolio allocation and multicurrency management decisions of the Magellan Flagship Fund (MFF), an ASX listed investment company. We mainly use Multicurrency performance attribution approach –a modification of a performance attribution approach by Brinson and Fachler. There are five main aspects in method that we have used to examine asset allocation and currency risk exposure; (i) Security selection effect, (ii) Market allocation effect, (iii) Currency management effect, (iv) Forward premium effect and (v) Interaction effect.