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Investment Management, 2/e

Personal Portfolio Management: Fundamentals and Strategies, 1/e
(order desk copy)

Frank J. Fabozzi, Yale University

Skillfully tying together theory and practice, this text deals with the management of funds of institutional investors (depository institutions, insurance companies, investment companies, pension funds, and endowment funds and foundations: rather than the individual). Building a solid understanding of the investment objectives and policies of these investors, it offers detailed coverage on fixed-income analysis and strategies, discusses the use of derivative instruments, and now contains a much broader study of common stock analysis and portfolio management.



Features | Table of Contents | Supplements |



Features

  • Provides a thorough treatment of the investment objectives of institutional investors and the constraints imposed on the manager of the funds of these institutions.
  • Devotes a significant amount of attention to fixed-income analysis and strategies.
    • Provides students with substantial training and preparation in the area of fixed-income portfolio management.
    • Considers the approaches and complications that arise in constructing an equity indexed and fixed-income indexed portfolio.
    • Demonstrates ways to implement a hedging strategy for common stock portfolios and fixed-income portfolios.
    • Examines the wide range of asset allocation strategies.
  • Emphasizes how the use of derivative instruments - options, futures, and swaps - can effectively control a portfolio's risk and how they may be used to reduce the cost of implementing strategies.
  • Provides performance measurement reporting under the standards established by the Association for Investment Management and Research.
    • Offers techniques for evaluating investment performance beyond those of the basic measures emphasized in most textbooks.



    • Features | Table of Contents | Supplements | Top


    Table of Contents

    I. BACKGROUND.
    1. Introduction.
    2. Overview of Financial Markets and Investments.
    II. PORTFOLIO THEORY AND ASSET PRICING.
    3. Portfolio Theory.
    4. Capital Market Theory and the Capital Asset Pricing Model.
    5. Other Asset Pricing Models.
    III. INSTITUTIONAL INVESTORS AND THEIR OBJECTIVES.
    6. General Principles of Asset/Liability Management.
    7. Insurance Companies.
    8. Pension Funds and Endowment Funds.
    9. Investment Companies.
    10. Depository Institutions.
    IV. COMMON STOCK ANALYSIS AND PORTFOLIO MANAGEMENT.
    11. Overview of Equity Portfolio Management.
    12. Fundamental Analysis.
    13. Forecasting Earnings.
    14. Equity Indexing.
    15. Dividend Discount Models.
    16. Equity Style Management.
    17. Factor-Based Approach to Equity Portfolio Management.
    18. Equity Trading.
    19. Using Stock Index Futures in Investment Management.
    20. Using Equity Options in Investment Management.
    21. Equity Option Pricing Models.
    V. FIXED INCOME ANALYSIS AND PORTFOLIO MANAGEMENT.
    22. Fixed Income Securities.
    23. Bond Pricing.
    24. Bond Price Volatility.
    25. Factors Affecting Bond Yields.
    26. Valuation of Bonds with Embedded Options.
    27. Bond Portfolio Management Strategies.
    28. Liability Funding Strategies.
    29. Using Interest Rate Futures and Options in Investment Management.
    30. Using Swaps, Caps, and Floors in Investment Management.
    VI. ASSET ALLOCATION AND PERFORMANCE EVALUATION.
    31. Asset Allocation.
    32. Measuring Performance.
    33. Evaluating Performance.
    APPENDICES.
    A. Statistical Concepts.
    B. Review of the Income Statement and Balance Sheet.
    Glossary.
    Name Index.
    Subject Index.



    Features | Table of Contents | Supplements | Top


    Supplements

    • Instructor's Manual with Solutions (0-13-010286-5); (1028F-3)
    • Test Bank (0-13-010287-3); (1028G-1)
    • Win PH Custom Test (0-13-010288-1); (1028H-9)
    • PowerPoints (FTP Site) (0-13-010289-X); (1028J-4)
    • Spreadsheet Solutions (FTP site) (0-13-010648-8); (1064H-4)



    Features | Table of Contents | Supplements | Top



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