Investment analysis and portfolio management, 7/e

Frank K. Reilly, Keith C. Brown0324171730, 9780324171730

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.

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Table of contents :
Cover
……Page 1
1
The Investment Setting……Page 2
2
The Asset Allocation Decision……Page 34
3 Selecting Investments in a Global Market……Page 66
4 Organization and Functioning of Securities Markets……Page 104
5 Security Market Indicator
Series……Page 148
6 Efficient Capital Markets……Page 172
7 An Introduction to Portfolio Management……Page 206
8 An Introductionto Asset Pricing Models……Page 234
9 Multifactor Models of Risk and Return……Page 276
10 Analysis of Financial Statements……Page 308
11 An Introduction to Security Valuation……Page 364
12 Macroeconomic and Market Analysis:The Global Asset Allocation Decision……Page 404
13 Stock Market
Analysis……Page 432
14 Industry
Analysis……Page 482
15 Company Analysis and
Stock Valuation……Page 536
16 Technical
Analysis……Page 622
17 Equity Portfolio Management
Strategies……Page 650
18 Bond
Fundamentals……Page 692
19 The Analysis and Valuation of
Bonds……Page 726
20 Bond Portfolio Management
Strategies……Page 804
21 An Introduction to Derivative Markets and Securities
……Page 856
22 Forward and Futures
Contracts……Page 898
23
Option Contracts……Page 948
24 Swap Contracts, Convertible Securities, and Other Embedded
Derivatives……Page 1008
25 Professional Asset
Management……Page 1060
26 Evaluation of Portfolio
Performance……Page 1100
APPENDIX A……Page 1158
APPENDIX B……Page 1160
APPENDIX C……Page 1164
GLOSSARY……Page 1172
Contents
……Page 1190