Investments - Principles of Portfolio and Equity Analysis

Informationen zum Autor MICHAEL G. MCMILLAN, CFA is Director, Ethics and Professional Standards in the Education Division of CFA Institute. Dr. McMillan joined CFA Institute in 2008 after more than a decade as a professor of accounting and finance at Johns Hopkins University's Carey Business School and The George Washington University's School of Business. He has a doctorate in accounting and finance from The George Washington University, an MBA from Stanford University, and a BA from the University of Pennsylvania. Dr. McMillan is a member of the CFA Society of Washington, DC and the East African Society of Investment Professionals. JERALD E. PINTO, CFA is Director, Curriculum Projects, in the Education Division of CFA Institute. Before coming to CFA Institute in 2002, he consulted to corporations, foundations, and partnerships in investment planning, portfolio analysis, and quantitative analysis. He has also worked in the investment and banking industries in New York City and taught finance at New York University's Stern School of Business. He holds an MBA from Baruch College, a PhD in finance from the Stern School, and earned his CFA charter in 1992. WENDY L. PIRIE, CFA is Director, Curriculum Projects, in the Education Division of CFA Institute. Prior to joining CFA Institute in 2008, she taught finance, accounting, statistics, taxation, business law, and marketing for over twenty years at both large and small, public and private universities, religious colleges, and military academies. Her work has been published in Journal of Financial Research and Journal of Economics and Finance . She holds a PhD from Queen's University in Kingston, Ontario and MBAs fromthe Universities of Toronto and Calgary. GERHARD VAN DE VENTER, CFA is Deputy Head of the School of Finance and Economics at University of Technology, Sydney. He was previously director, Curriculum Projects, in the Education Division of CFA Institute. He began his career in South Africa as a financial analyst and later as a dealer at the Bond Exchange, where he traded fixed income securities. He holds a PhD in finance from the University of Technology, Sydney. He is a member of CFA Institute and the New York Society of Security Analysts. Klappentext Investment success requires both breadth and depth of knowledge of markets, industries, companies, and securities. Investment profes-sionals must possess a broad understanding of the financial markets to be able to judge opportunities and risks. They must also have the ability to evaluate in detail industries and individual companies to make sound judgments about individual holdings. As part of the CFA Institute Investment Series, Investments: Principles of Portfolio and Equity Analysis has been specifically designed to provide you with the knowledge you need to effectively and efficiently manage portfolios in today's volatile markets and uncertain global economy. With Investments: Principles of Portfolio and Equity Analysis , a distinguished team of senior investment professionals and leading business school authorities provides you with complete coverage of the most important issues in this field. Written with both the established and aspiring financial analyst in mind, this book will help you understand the mechanics of professional money management, including: Portfolio management Portfolio planning and construction Portfolio risk and return Equity security analysis and valuation Along the way, you will also become familiar with market organization and structure, security market indices, market efficiency, the types of equity securities, industry and company analysis, technical analysis, and a range of equity valuation techniques. And to enhance your understanding of the tools and techniques presented here, don't forget to pick up the Investments Workbook: Principles of Portfolio and Equity Analysis . This compa...

List of contents

Foreword.
 
Acknowledgments.
 
Introduction.
 
Chapter 1 Market Organization and Structure.
 
Learning Outcomes.
 
1 Introduction.
 
2 The Functions of the Financial System.
 
3 Assets and Contracts.
 
4 Financial Intermediaries.
 
5 Positions.
 
6 Orders.
 
7 Primary Security Markets.
 
8 Secondary Security Market and Contract Market Structures.
 
9 Well-Functioning Financial Systems.
 
10 Market Regulation.
 
11 Summary.
 
Problems.
 
Chapter 2 Security Market Indices.
 
Learning Outcomes.
 
1 Introduction.
 
2 Index Definition and Calculations of Value and Returns.
 
3 Index Construction and Management.
 
4 Uses of Market Indices.
 
5 Equity Indices.
 
6 Fixed-Income Indices.
 
7 Indices for Alternative Investments.
 
8 Summary.
 
Problems.
 
Chapter 3 Market Efficiency.
 
Learning Outcomes.
 
1 Introduction.
 
2 The Concept of Market Efficiency.
 
3 Forms of Market Efficiency.
 
4 Market Pricing Anomalies.
 
5 Behavioral Finance.
 
6 Summary.
 
Problems.
 
Chapter 4 Portfolio Management: An Overview.
 
Learning Outcomes.
 
1 Introduction.
 
2 A Portfolio Perspective on Investing.
 
3 Investment Clients.
 
4 Steps in the Portfolio Management Process.
 
5 Pooled Investments.
 
6 Summary.
 
Problems.
 
Chapter 5 Portfolio Risk and Return: Part I.
 
Learning Outcomes.
 
1 Introduction.
 
2 Investment Characteristics of Assets.
 
3 Risk Aversion and Portfolio Selection.
 
4 Portfolio Risk.
 
5 Efficient Frontier and Investor's Optimal Portfolio.
 
6 Summary.
 
Problems.
 
Chapter 6 Portfolio Risk and Return: Part II.
 
Learning Outcomes.
 
1 Introduction.
 
2 Capital Market Theory.
 
3 Pricing of Risk and Computation of Expected Return.
 
4 The Capital Asset Pricing Model.
 
5 Beyond the Capital Asset Pricing Model.
 
6 Summary.
 
Problems.
 
Chapter 7 Basics of Portfolio Planning and Construction.
 
Learning Outcomes.
 
1 Introduction.
 
2 Portfolio Planning.
 
3 Portfolio Construction.
 
4 Summary.
 
Problems.
 
Chapter 8 Overview of Equity Securities.
 
Learning Outcomes.
 
1 Introduction.
 
2 Equity Securities in Global Financial Markets.
 
3 Types and Characteristics of Equity Securities.
 
4 Private versus Public Equity Securities.
 
5 Investing in Non-Domestic Equity Securities.
 
6 Risk and Return Characteristics of Equity Securities.
 
7 Equity Securities and Company Value.
 
8 Summary.
 
Problems.
 
Chapter 9 Introduction to Industry and Company Analysis.
 
Learning Outcomes.
 
1 Introduction.
 
2 Uses of Industry Analysis.
 
3 Approaches to Identifying Similar Companies.
 
4 Industry Classification Systems.
 
5 Describing and Analyzing an Industry.
 
6 Company Analysis.
 
7 Summary.
 
Problems.
 
Chapter 10 Equity Valuation: Concepts and Basic Tools.
 
Learning Outcomes.
 
1 Introduction.
 
2 Estimated Value and Market Price.
 
3 Major Categories of Equity Valuation Models.
 
4 Present Value Models: The Dividend Discount Model.
 
5 Multiplier Models.
 

Product details

• Authors: Gerhard van de Venter, Michael McMillan, Michael Pinto Mcmillan, MCMILLAN MICHAEL G PINTO JERALD, Michael G Mcmillian, Jerald E Pinto, Pinto Jerald E., Wendy Pirie, Wendy L Pirie, Pirie Wendy L., Van de Venter Gerhard
• Assisted by: Lawrence E. Kochard (Foreword)
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 04.03.2011
• EAN: 9780470915806
• ISBN: 978-0-470-91580-6
• No. of pages: 656
• Series: CFA Institute Investment Series; The CFA Institute Series
• Subjects: Non-fiction book > Politics, society, business > Money, bank, stock market; Social sciences, law, business > Business > Business administration; Kapitalanlage, Finance & Investments, Finanz- u. Anlagewesen, Kapitalanlagen u. Wertpapiere, Investments & Securities