Handbook of Traditional and Alternative Investment Vehicles - Investment Characteristics and Strategies

Informationen zum Autor MARK J. ANSON, PhD, CFA, CAIA, CPA, JD, is the President and Executive Director of Investment Services at Nuveen Investments. Previously, he was the chief executive officer of Hermes Pensions Management Ltd., as well as the chief executive officer of the British Telecom Pension Scheme--the largest pension fund in the UK. Before joining Hermes, Anson was the chief investment officer of the $245 billion California Public Employees' Retirement System (CalPERS)--the largest pension fund in the United States. Anson is the author or coauthor of various financial books, including the Handbook of Alternative Assets (Wiley). Frank J. Fabozzi, PhD, CFA, CPA, is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management, Editor of the Journal of Portfolio Management, and an Associate Editor of the Journal of Fixed Income. He is on the Advisory Council for the Department of Operations Research and Financial Engineering at Princeton University. FRANK J. JONES, PhD, is a Professor of Accounting and Finance at San Jose State University. He is also Chairman of the Investment Committee of Private Ocean Wealth Management. Formerly, he was chief investment officer of Guardian Life Insurance Company and vice chairman of the board of the International Securities Exchange. Klappentext A comprehensive volume that covers a complete array of traditional and alternative investment vehiclesThis practical guide provides a comprehensive overview of traditional and alternative investment vehicles for professional and individual investors hoping to gain a deeper understanding of the benefits and pitfalls of using these products.In it, expert authors Mark Anson, Frank Fabozzi, and Frank Jones clearly present the major principles and methods of investing and their risks and rewards. Along the way, they focus on providing you with the information needed to successfully invest using a host of different methods depending upon your needs and goals.* Topics include equities, all types of fixed income securities, investment-oriented insurance products, mutual funds, closed-end funds, investment companies, exchange-traded funds, futures, options, hedge funds, private equity, and real estate* Written by the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones* Includes valuable insights for everyone from finance professionals to individual investorsMany finance books offer collections of expertise on one or two areas of finance, but The Handbook of Traditional and Alternative Investment Vehicles brings all of these topics together in one comprehensive volume. Zusammenfassung A comprehensive volume that covers a complete array oftraditional and alternative investment vehicles This practical guide provides a comprehensive overview oftraditional and alternative investment vehicles for professionaland individual investors hoping to gain a deeper understanding ofthe benefits and pitfalls of using these products. Inhaltsverzeichnis Preface.About the Authors.CHAPTER 1: Introduction.Risks Associated with Investing.Asset Classes.Super Asset Classes.Strategic vs. Tactical Allocations.Efficient vs. Inefficient Asset Classes.Beta and Alpha Drivers.Financial Instruments and Concepts Introduced in this Chapter.CHAPTER 2: Investing in Common Stock.Earnings.Dividends.Stock Repurchases.The U.S. Equity Markets.Trading Mechanics.Trading Costs.Financial Instruments and Concepts Introduced in this Chapter.CHAPTER 3: More on Common Stock.Pricing Efficiency of the Stock Market.Stock Market Indicators.Risk Factors.Tracking Error.Common Stock Investment Strategies.Financial Instruments and Concepts Introduced in this Chapter.CHAPTER 4: Bond Basics.Features of Bonds.Yield Measures and Their Limitations.Interest Rate Risk.Call and Prepayment Risk.Credit Risk.Financial Instruments and Concepts Introduced in thi...

Sommario

Preface.
 
About the Authors.
 
CHAPTER 1: Introduction.
 
Risks Associated with Investing.
 
Asset Classes.
 
Super Asset Classes.
 
Strategic vs. Tactical Allocations.
 
Efficient vs. Inefficient Asset Classes.
 
Beta and Alpha Drivers.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 2: Investing in Common Stock.
 
Earnings.
 
Dividends.
 
Stock Repurchases.
 
The U.S. Equity Markets.
 
Trading Mechanics.
 
Trading Costs.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 3: More on Common Stock.
 
Pricing Efficiency of the Stock Market.
 
Stock Market Indicators.
 
Risk Factors.
 
Tracking Error.
 
Common Stock Investment Strategies.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 4: Bond Basics.
 
Features of Bonds.
 
Yield Measures and Their Limitations.
 
Interest Rate Risk.
 
Call and Prepayment Risk.
 
Credit Risk.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 5: U.S. Treasury and Federal Agency Securities.
 
Treasury Securities.
 
Federal Agency Securities.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 6: Municipal Securities.
 
Tax-Exempt and Taxable Municipal Securities.
 
Types of Municipal Securities.
 
Tax-Exempt Municipal Bond Yields.
 
Risks Associated with Investing in Municipal Bonds.
 
Build America Bonds.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 7: Corporate Fixed Income Securities.
 
Corporate Bonds.
 
Medium-Term Notes.
 
Commercial Paper.
 
Preferred Stock.
 
Convertible Security.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 8: Agency Mortgage Passthrough Securities.
 
Mortgages.
 
Mortgage Passthrough Securities.
 
Types of Agency Mortgage Passthrough Securities.
 
Prepayment Conventions and Cash Flows.
 
Factors Affecting Prepayment Behavior.
 
Prepayment Models.
 
Yield.
 
A Closer Look at Prepayment Risk.
 
Trading and Settlement Procedures for Agency Passthroughs.
 
Stripped Mortgage-Backed Securities.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 9: Agency Collateralized Mortgage Obligations.
 
The Basic Principle of CMOs.
 
Agency CMOs.
 
CMO Structures.
 
Yields.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 10: Structured Credit Products.
 
Private Label Residential MBS.
 
Commercial Mortgage-Backed Securities.
 
Nonmortgage Asset-Backed Securities.
 
Auto Loan-Backed Securities.
 
Collateralized Debt Obligations.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 11: Investment-Oriented Life Insurance.
 
Cash Value Life Insurance.
 
Stock and Mutual Insurance Companies.
 
General Account vs. Separate Account Products.
 
Overview of Cash Value Whole Life Insurance.
 
Taxability of Life Insurance.
 
Products.
 
Financial Instruments and Concepts Introduced in this Chapter.
 
CHAPTER 12: Investment Companies.
 
Types of Investment Companies.
 
Fund Sales Charges and Annual Operating Expenses.
 

Info autore

MARK J. ANSON, PhD, CFA, CAIA, CPA, JD, is the President and Executive Director of Investment Services at Nuveen Investments. Previously, he was the chief executive officer of Hermes Pensions Management Ltd., as well as the chief executive officer of the British Telecom Pension Scheme--the largest pension fund in the UK. Before joining Hermes, Anson was the chief investment officer of the $245 billion California Public Employees' Retirement System (CalPERS)--the largest pension fund in the United States. Anson is the author or coauthor of various financial books, including the Handbook of Alternative Assets (Wiley).

Frank J. Fabozzi, PhD, CFA, CPA, is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management, Editor of the Journal of Portfolio Management, and an Associate Editor of the Journal of Fixed Income. He is on the Advisory Council for the Department of Operations Research and Financial Engineering at Princeton University.

FRANK J. JONES, PhD, is a Professor of Accounting and Finance at San Jose State University. He is also Chairman of the Investment Committee of Private Ocean Wealth Management. Formerly, he was chief investment officer of Guardian Life Insurance Company and vice chairman of the board of the International Securities Exchange.

Riassunto

A comprehensive volume that covers a complete array of traditional and alternative investment vehicles

This practical guide provides a comprehensive overview of traditional and alternative investment vehicles for professional and individual investors hoping to gain a deeper understanding of the benefits and pitfalls of using these products.

In it, expert authors Mark Anson, Frank Fabozzi, and Frank Jones clearly present the major principles and methods of investing and their risks and rewards. Along the way, they focus on providing you with the information needed to successfully invest using a host of different methods depending upon your needs and goals.
* Topics include equities, all types of fixed income securities, investment-oriented insurance products, mutual funds, closed-end funds, investment companies, exchange-traded funds, futures, options, hedge funds, private equity, and real estate
* Written by the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones
* Includes valuable insights for everyone from finance professionals to individual investors

Many finance books offer collections of expertise on one or two areas of finance, but The Handbook of Traditional and Alternative Investment Vehicles brings all of these topics together in one comprehensive volume.

Dettagli sul prodotto

• Autori: Anson, Mark J Anson, Mark J P Anson, Mark J. Anson, Mark J. Fabozzi Anson, Mark J. P. Anson, Mark J. P. Fabozzi Anson, Mj Anson, ANSON MARK J P FABOZZI FRANK J, Fabozzi, Frank Fabozzi, Frank J Fabozzi, Frank J. Fabozzi, Jones, Frank J Jones, Frank J. Jones
• Editore: Wiley, John and Sons Ltd
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 11.01.2011
• EAN: 9780470609736
• ISBN: 978-0-470-60973-6
• Pagine: 530
• Serie: Frank J. Fabozzi Series; Frank J. Fabozzi (Hardcover); Frank J. Fabozzi Series
• Categoria: Scienze sociali, diritto, economia > Economia > Economia aziendale