Investment Analysis and Portfolio Management

by Frank Reilly, Keith Brown, Sanford Leeds

Overview

INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, Ninth Edition, teaches readers how to manage their money to derive the maximum benefit from what they earn. It mixes investment instruments and capital markets with theoretical detail on evaluating investments and opportunities to satisfy risk-return objectives—as well as offers insight on how investment practice and theory are influenced by globalization. Providing a solid foundation in investments, the book is an excellent resource for those with both a theoretical and practical need for investment expertise.

Product Details

ISBN-13:	9780357988176
Publisher:	Cengage Learning
Publication date:	02/29/2024
Edition description:	12th ed.
Pages:	800
Product dimensions:	6.00(w) x 1.25(h) x 9.00(d)

About the Author

Frank K. Reilly, a Chartered Financial Analyst (CFA), is the Bernard J. Hank Professor of Finance, Mendoza College of Business, University of Notre Dame, where he served as dean from 1981-1987. Prior to 1981, Dr. Reilly was a professor at the University of Illinois at Urbana-Champaign, the University of Wyoming, and the University of Kansas. Recently, he was part of the inaugural group selected as a fellow of the Financial Management Association International. At the 2001 AIMR annual meeting in Los Angeles, he received the Daniel J. Forrestal III Leadership Award for Professional Ethics and Standards of Investment Practice. Among his other honors, Professor Reilly was included in the list of Outstanding Educators in America, received the Alumni Excellence in Graduate Teaching Award and the Outstanding Educator Award from the M.B.A. class at the University of Illinois, the Outstanding Teachers Award from the M.B.A. class at the University of Notre Dame, and the Faculty Award from the University of Notre Dame. He received his B.B.A. at the University of Notre Dame, his M.B.A. at Northwestern University, and his Ph.D. at the University of Chicago.

Keith C. Brown, a Chartered Financial Analyst (CFA), is the Jack S. Josey Professor, University Distinguished Teaching Professor, and Fayez Sarofim Fellow at the McCombs School of Business at the University of Texas at Austin, where he teaches Investments, Portfolio Management and Security Analysis, Capital Markets, and Derivatives courses at the BBA and MBA levels. He is director of the department's Hicks, Muse, Tate & Furst Center for Private Equity Finance and for 11 years served as president and CEO of The MBA Investment Fund, LLC, aprivate capital appreciation fund managed by UT graduate students. Professor Brown is cofounder and senior partner of Fulcrum Financial Group, a portfolio management and investment advisory firm located in Austin, Texas, and Las Vegas, Nevada. He serves as an advisor to the boards of the Teacher Retirement System of Texas and the University of Texas Investment Management Company. He is an associate editor for the JOURNAL OF INVESTMENT MANAGEMENT and the JOURNAL OF BEHAVIORAL FINANCE. He received his B.A. from San Diego State University and his M.S. and Ph.D. from Purdue University.

Table of Contents

Part 1: THE INVESTMENT BACKGROUND.
1.The Investment Setting.
2.The Asset Allocation Decision.
3.Selecting Investments in a Global Market.
4.Organization and Functioning of Securities Markets.
5.Security Market
Indexes.
Part 2: DEVELOPMENTS IN INVESTMENT THEORY.
6.Efficient Capital Markets.
7.An Introduction to Portfolio Management.
8.An Introduction to Asset Pricing Models.
9.Multifactor Models of Risk and Return.
Part 3: VALUATION PRINCIPLES AND PRACTICES.
10.Analysis of Financial Statements.
11.An Introduction to Security Valuation.
Part 4: ANALYSIS AND MANAGEMENT OF COMMON STOCKS
400.12. Macroanalysis and Microvaluation of the Stock Market.
13.Industry Analysis.
14.Company Analysis and Stock Valuation.
15.Technical Analysis.
16.Equity Portfolio Management Strategies.
Part 5: ANALYSIS AND MANAGEMENT OF BONDS.
17.Bond Fundamentals.
18.The Analysis and Valuation of Bonds.
19.Bond Portfolio Management Strategies.
Part 6: DERIVATIVE SECURITY ANALYSIS.
20.An Introduction to Derivative Markets and Securities.
21.Forward and Futures Contracts.
22.Option Contracts.
23.Swap Contracts, Convertible Securities, and Other Embedded Derivatives.
Part 7: SPECIFICATION AND EVALUATION OF ASSET MANAGEMENT.
24.Professional Money Management, Alternative Assets, and Industry Ethics.
25.Evaluation of Portfolio Performance.