Investments

Part I Introduction

Chapter: 1 The Investment Environment

Chapter: 2 Asset Classes and Financial Instruments

Chapter: 3 How Securities are Traded

Chapter: 4 Mutual Funds and Other Investment Companies

Part II Portfolio Theory and Practice

Chapter: 5 Risk, Return, and the Historical Record

Chapter: 6 Capital Allocation to Risky Assets

Chapter: 7 Optimal Risky Portfolios

Chapter: 8 Index Models

Part III Equilibrium in Capital Markets

Chapter: 9 The Capital Asset Pricing Model

Chapter: 10 Arbitrage Pricing Theory and Multifactor Models of Risk and Return

Chapter: 11 The Efficient Market Hypothesis

Chapter: 12 Behavioral Finance and Technical Analysis

Chapter: 13 Empirical Evidence on Security Returns

Part IV Fixed-Income Securities

Chapter: 14 Bond Prices and Yields

Chapter: 15 The Term Structure of Interest Rates

Chapter: 16 Managing Bond Portfolios

Part V Security Analysis

Chapter: 17 Macroeconomic and Industry Analysis

Chapter: 18 Equity Valuation Models

Chapter: 19 Financial Statement Analysis

Part VI Options, Futures, and Other Derivatives

Chapter: 20 Options Markets: Introduction

Chapter: 21 Option Valuation

Chapter: 22 Futures Markets

Chapter: 23 Futures, Swaps, and Risk Management

Part VII Applied Portfolio Management

Chapter: 24 Portfolio Performance Evaluation

Chapter: 25 International Diversification

Chapter: 26 Hedge Funds

Chapter: 27 The Theory of Active Portfolio Management

Chapter: 28 Investment Policy and the Framework of the CFA Institute

References to CFA Problems

Glossary

Name Index

Subject Index

Professor of finance and economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He has been visiting professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and research associate, National Bureau of Economic Research. An author of many articles in finance and management journals, Professor Kanes research is mainly in corporate finance, portfolio management, and capital markets, most recently in the measurement of market volatility and pricing of options.