Investment Analysis and Portfolio Management

by Reilly, Frank K.; Brown, Keith C.

• ISBN13: 9780324171730
• ISBN10: 0324171730
• Edition: 7th
• Format: Hardcover
• Copyright: 2002-10-18
• Publisher: South-Western College Pub

Summary

The purpose of this book is to help you learn how to manage your money to derive the maximum benefit from what you earn. Mixing investment instruments and capital markets with the theoretical detail on evaluating investments and opportunities to satisfy risk-return objectives along with how investment practice and theory is influenced by globalization leaves readers with the mindset on investments to serve them well. The material is intended to be rigorous and empirical yet not overly quantitative. We continue with unparalleled international coverage, newly rewritten and reorganized derivatives material to be more intuitive and clearer, three additional chapters on derivatives pricing for those who want more detail, rewritten material on multifactor models of risk and return, and new CFA problems for more practice on computations concerning investment decisions. To manage money and investments, one needs to learn about investment alternatives and develop a way of analyzing and thinking about investments that will be of benefit and allow a foundation as new tools and investment opportunities become available. Reilly/Brown provide the best foundation, used extensively by professionals, organizations, and schools across the country. A great source for those with both a theoretical and practical need for investment expertise.

Table of Contents

Part 1 THE INVESTMENT BACKGROUND	2	(172)
The Investment Setting	4	(31)
The Asset Allocation Decision	35	(32)
Selecting Investments in a Global Market	67	(38)
Organization and Functioning of Securities Markets	105	(44)
Security Market Indicator Series	149	(25)
Part 2 DEVELOPMENTS IN INVESTMENT THEORY	174	(136)
Efficient Capital Markets	176	(33)
An Introduction to Portfolio Management	209	(28)
An Introduction to Asset Pricing Models	237	(42)
Multifactor Models of Risk and Return	279	(31)
Part 3 VALUATION PRINCIPLES AND PRACTICES	310	(124)
Analysis of Financial Statements	312	(56)
An Introduction to Security Valuation	368	(39)
Macroeconomic and Market Analysis: The Global Asset Allocation Decision	407	(27)
Part 4 ANALYSIS AND MANAGEMENT OF COMMON STOCKS	434	(260)
Stock Market Analysis	436	(50)
Industry Analysis	486	(54)
Company Analysis and Stock Valuation	540	(85)
Technical Analysis	625	(27)
Equity Portfolio Management Strategies	652	(42)
Part 5 ANALYSIS AND MANAGEMENT OF BONDS	694	(166)
Bond Fundamentals	696	(34)
The Analysis and Valuation of Bonds	730	(78)
Bond Portfolio Management Strategies	808	(52)
Part 6 DERIVATIVE SECURITY ANALYSIS	860	(204)
An Introduction to Derivative Markets and Securities	862	(42)
Forward and Futures Contracts	904	(50)
Option Contracts	954	(59)
Swap Contracts, Convertible Securities, and Other Embedded Derivatives	1013	(51)
PART 7 SPECIFICATION AND EVALUATION OF ASSET MANAGEMENT	1064
Professional Asset Management	1066	(40)
Evaluation of Portfolio Performance	1106
Appendixes A--D	1	(1)
Glossary	1	(1)
Indexes	1