Includes index

English

Part I. IntroductionChapter 1 The Investment EnvironmentChapter 2 Asset Classes and Financial InvestmentsChapter 3 How Securities are TradedChapter 4 Mutual Funds and Other Investment CompaniesPart II. Portfolio Theory and PracticeChapter 5 Learning About Return and Risk from the Historical RecordChapter 6 Risk Aversion and Capital Allocation to Risky AssetsChapter 7 Optimal Risky PortfoliosChapter 8 Index ModelsPart III. Equilibrium in Capital MarketsChapter 9 The Capital Asset Pricing ModelChapter 10 Arbitrage Pricing Theory and Multifactor Models of Risk and ReturnChapter 11 The Efficient Market HypothesisChapter 12 Behavioral Finance and Technical AnalysisChapter 13 Empirical Evidence on Security ReturnsPart IV. Fixed-Income SecuritiesChapter 14 Bond Prices and YieldsChapter 15 The Term Structure of Interest RatesChapter 16 Managing Bond PortfoliosPart V. Security AnalysisChapter 17 Macroeconomic and Industry AnalysisChapter 18 Equity Valuation ModelsChapter 19 Financial Statement AnalysisPart VI. Options, Futures, and Other DerivativesChapter 20 Options Markets: IntroductionChapter 21 Option ValuationChapter 22 Futures MarketsChapter 23 Futures and Swaps: Markets and ApplicationsPart VII. Applied Portfolio ManagementChapter 24 Portfolio Performance EvaluationChapter 25 International DiversificationChapter 26 Investment Policy and the Framework of the CFA Institute Chapter 27 Active Portfolio ManagementAppendix A. References to CFA Question Glossary

Aimed at the graduate/MBA investments market, this book places emphasis on asset allocation, and offers a broader treatment of futures, options, and other derivative security markets. Its theme is that security markets are nearly efficient, meaning that most securities are usually priced appropriately given their risk and return attributes

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