Used extensively by professionals, organizations, and universities, Analysis of Investments and Management of Portfolios combines solid theory with practical application. This edition of the established and well-respected text has been developed and tailored especially for courses across the UK, Europe, the Middle East and Africa.
Filled with real-world illustrations and hands-on applications, this text takes a rigorous, empirical approach to teaching topics such as investment instruments, capital markets, behavioural finance, hedge funds, and international investment. It also emphasizes how investment practice and theory are influenced by globalization.
Part I: THE INVESTMENT BACKGROUND.
1. An Overview of the Investment Process.
2. The Global Market Investment Decision.
3. Securities Markets: Organization and Operation.
Part II: DEVELOPMENTS IN INVESTMENT THEORY.
4. Efficient Capital Markets.
5. An Introduction to Portfolio Management.
6. An Introduction to Asset Pricing Models.
7. Multifactor Models of Risk and Return.
Part III: VALUATION PRINCIPLES AND PRACTICES.
8. Analysis of Financial Statements.
9. Security Valuation Principles.
Part IV: ANALYSIS AND MANAGEMENT OF COMMON STOCKS.
10. Macroanalysis and Microvaluation of the Stock Market.
11. Industry Analysis.
12. Company Analysis and Stock Valuation.
13. Equity Portfolio Management Strategies.
Part V: ANALYSIS AND MANAGEMENT OF BONDS.
14. Bond Fundamentals.
15. The Analysis and Valuation of Bonds.
16. Bond Portfolio Management Strategies.
Part VI: DERIVATIVE SECURITY ANALYSIS.
17. An Introduction to Derivative Markets and Securities.
18. Forward and Futures Contracts.
19. Option Contracts.
Part VII: SPECIFICATION AND EVALUATION OF ASSET MANAGEMENT.
20. Professional Money Management, Alternative Assets, and Industry Ethics.
21. Evaluation of Portfolio Performance.
ONLINE CHAPTERS.
I: The Asset Allocation Decision.
II: Security-Market Indexes.
III: Technical Analysis.
IV: Swap Contracts, Convertible Securities, and Other Embedded Derivatives.
