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Investments : Principles Of Portfolio And Equity Analysis

Investments : Principles Of Portfolio And Equity Analysis

          
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About the Book

A comprehensive guide to investment analysis and portfolio management by an expert team from the CFA Institute. In a world of specialization, no other profession likely requires such broad, yet in-depth knowledge than that of financial analyst. Financial analysts must not only possess a broad understanding of the financial markets-including structure, organization, efficiency, portfolio management, risk and return and planning and construction-but they must also have a strong sense of how to evaluate industries and companies prior to engaging in an analysis of a specific stock.

About the Author

Michael G. McMillan is Director, Curriculum Projects, in the Education division of the 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 School of Business and The George Washington University's School of Business. Prior, he was a securities analyst and portfolio manager in the San Francisco area. Jerald E. Pinto is Director, Curriculum Projects, in the Education division of the CFA Institute. Prior, he consulted with corporations, foundations, and partnerships in investment planning, portfolio analysis, valuation, and quantitative analysis. Pinto also worked in the investment and banking industries in New York and taught finance at NYU Stern School of Business. Wendy L Pirie is Director, Curriculum Projects in the Education Division at CFA Institute. Prior to joining CFA Institute in 2008 she taught for over 20 years at a broad range of institutions - large public universities; small, private, religiously affiliated colleges; and a military academy. She primarily taught finance courses but also taught accounting, taxation, business law, marketing and statistics courses. Gerhard Van de Venter is a Director, Curriculum Projects, in the Education Division at CFA Institute. He began his career in South Africa as a financial analyst in the agricultural sector and later as a dealer on the Bond Exchange, trading in fixed income securities. Gerhard's academic career spans over a decade where he has taught finance and investments and has published a number of papers in financial planning.



Table of Contents:
Foreword Acknowledgments Introduction Chapter 1 Market Organization and Structure •The Functions of the Financial System •Assets and Contracts •Financial Intermediaries •Positions •Orders •Primary Security Markets •Secondary Security Market and Contract Market Structures •Well-Functioning Financial Systems •Market Regulation Chapter 2 Security Market Indices •Index Definition and Calculations of Value and Returns •Index Construction and Management •Uses of Market Indices •Equity Indices •Fixed-Income Indices •Indices for Alternative Investments Chapter 3 Market Efficiency •The Concept of Market Efficiency •Forms of Market Efficiency •Market Pricing Anomalies •Behavioral Finance Chapter 4 Portfolio Management: An Overview ·A Portfolio Perspective on Investing ·Investment Clients ·Steps in the Portfolio Management Process ·Pooled Investments Chapter 5 Portfolio Risk and Return: Part I ·Investment Characteristics of Assets ·Risk Aversion and Portfolio Selection ·Portfolio Risk ·Efficient Frontier and Investor's Optimal Portfolio Chapter 6 Portfolio Risk and Return: Part II ·Capital Market Theory ·Pricing of Risk and Computation of Expected Return ·The Capital Asset Pricing Model ·Beyond the Capital Asset Pricing Model Chapter 7 Basics of Portfolio Planning and Construction ·Portfolio Planning ·Portfolio Construction Chapter 8 Overview of Equity Securities ·Equity Securities in Global Financial Markets ·Types and Characteristics of Equity Securities ·Private versus Public Equity Securities ·Investing in Nondomestic Equity Securities ·Risk and Return Characteristics of Equity Securities ·Equity Securities and Company Value Chapter 9 Introduction to Industry and Company Analysis ·Uses of Industry Analysis ·Approaches to Identifying Similar Companies ·Industry Classification Systems ·Describing and Analyzing an Industry ·Company Analysis Chapter 10 Equity Valuation: Concepts and Basic Tools ·Estimated Value and Market Price ·Major Categories of Equity Valuation Models ·Present Value Models: The Dividend Discount Model ·Multiplier Models ·Asset-Based Valuation Chapter 11 Equity Market Valuation ·Estimating a Justified P/E Ratio ·Top-Down and Bottom-Up Forecasting ·Relative Value Models Chapter 12 Technical Analysis ·Technical Analysis: Definition and Scope ·Technical Analysis Tools ·Elliott Wave Theory ·Intermarket Analysis Summary Problems Glossary References About the Authors About the CFA Program Index


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Product Details
  • ISBN-13: 9788126556168
  • Publisher: Wiley India Pvt Ltd
  • Binding: Paperback
  • No of Pages: 648
  • ISBN-10: 8126556161
  • Publisher Date: June' 2015
  • Language: English

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