ISBN13: 9780324593891｜Paperback｜672 pages｜ ©2009｜Price:NT$1200
Author
Robert A. Strong, University of Maine
Description
Strengthen students' knowledge and skills in traditional investments information as well as portfolio theory with the latest edition of this unique applications-oriented text. Strong's PORTFOLIO CONSTRUCTION, MANAGEMENT, AND PROTECTION, 5E International Edition, transitions students from theory to practice with a straightforward approach that balances coverage of both the small and large investor. This edition addresses unique topics not found in other texts, such as fiduciary duty and investment policy.The book's blend of theory and applications covers the objectives of both the traditional investments course and portfolio theory course, making it an ideal solution for schools without a dedicated portfolio course. Abundant references to the CFA exam and questions drawn from the CFA exam help students prepare for future success.
Table of Contents
PART I: BACKGROUND, BASIC PRINCIPLES, AND INVESTMENT POLICY.
1. The Process of Portfolio Management.
2. Valuation, Risk, Return, and Uncertainty.
3. Setting Portfolio Objectives.
4. Investment Policy.
PART II: PORTFOLIO CONSTRUCTION.
5. The Mathematics of Diversification.
6. Why Diversification Is a Good Idea.
7. International Investment and Diversification.
8. The Capital Markets and Market Efficiency.
9. Picking the Equity Players.
10. Stock Selection Models.
11. Security Screening.
12. Bond Pricing and Selection.
13. The Role of Real Assets.
14. Alternative Investments.
PART III: PORTFOLIO MANAGEMENT.
15. Revision of the Equity Portfolio.
16. Revision of the Fixed Income Portfolio.
17. Principles of Options and Option Pricing.
18. Option Overwriting.
19. Performance Evaluation.
20. Fiduciary Duties and Responsibilities.
PART IV: PORTFOLIO PROTECTION AND EMERGING TOPICS.
21. Principles of the Futures Market.
22. Benching the Equity Players.
23. Removing Interest Rate Risk.
24. Integrating Derivative Assets and Portfolio Management.
25. Contemporary Issues in Portfolio Management.
