Abstract
The objective of the essay is, to construct and manage an equity portfolio that delivers an annualized return of at least 15%. As part of a UK-based fund management, to avoid international interest rate risks, I will only invest in companies quoted in GBP. I decided not to invest in bonds as the Fed decision to cut interest rates had disastrous consequences on bond prices. Furthermore, this would not be adequate according to my portfolio's written policy statement i.e, 'to achieve a maximum return for an investor prepared to take a high level of risk.'
