Credit Union Investment Management

Credit Union Investment Management provides an in-depth examination of the methods executives use to achieve investment objectives and maximize returns on invested capital, while measuring and minimizing risk. Complete coverage includes: detailed features of investment vehicles, yield measures and their limitations, total return analysis, and stress testing.

List of contents

Preface.

1. Introduction.

2. Features of Investment Vehicles.

3. Money Market Instruments.

4. Bonds and Other Non-Mortgage-Related Products.

5. Mortgage Passthrough Securities.

6. Collateralized Mortgage Obligations.

7. Prepayment Models and CMO Testing.

8. Valuation of Fixed Income Securities.

9. Yield Measures and Their Limitations.

10. Meauring Interest Rate Risk.

11. Total Return Analysis and Stress Testing.

12. Overview of Investment Strategies.

Appendix: Time Value of Money.

Index.

About the author

Frank J. Fabozzi, PhD, CFP, CPA, is Editor of the Journal of Portfolio Management and an Adjunct Professor of Finance at Yale University's School of Management. Dr. Fabozzi is on the board of directors of the Guardian Life family of funds and the BlackRock complex of funds. He earned a doctorate in economics from the City University of New York in 1972 and, in 1994, received an honorary doctorate of humane letters from Nova Southeastern University. Dr. Fabozzi is a Fellow of the International Center for Finance at Yale University.

Product details

• Authors: Fabozzi, Frank J Fabozzi, Frank J. Fabozzi, Fabozzi Frank J., Wickard, Mark B Wickard, Mark B. Wickard
• Publisher: MCGRAW-HILL Professional
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.1997
• EAN: 9781883249137
• ISBN: 978-1-883249-13-7
• No. of pages: 250
• Weight: 360 g
• Illustrations: w. graphs.
• Series: Frank J. Fabozzi; Frank J. Fabozzi Series
• Subjects: Social sciences, law, business > Business > Business administration; Business & Economics / Investments & Securities / General, Economics, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Banks & Banking, Banking, Investment & securities, Investment and securities