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Investment Analysis & Portfolio Management,
1st Edition

Dr Frank Elston, Frank K. Reilly, Keith C. Brown

ISBN-13: 9780170416030 | ISBN-10: 0170416038

Copyright 2020

| Published 2019

| 1064 pages

List Price USD $123.75

Overview

Investment Analysis and Portfolio Management perfectly combines theory with practice and has been developed especially for courses across the Australia, New Zealand, and Asia-Pacific regions. Real-world illustrations and hands-on activities enhance topics like investment instruments, capital markets, behavioural finance, hedge funds, and international investment. The text also focuses on how investment practice and theory are influenced by globalisation.

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Meet the Authors

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Frank Elston received his JD (Juris Doctor) from Emory University and his Ph.D. in Economics from the University of Virginia. He was previously Associate Professor of Finance at the Metropolitan State College of Denver, Colorado, Associate Professor of Business at Concordia College, Moorhead Minnesota, and Assistant Professor of Finance at Eastern New Mexico University, Portales. He is a CFA member and his teaching areas of interest are Financial Markets and Institutions, Financial Economics, Portfolio Management; International Finance, Strategic Investments. He does substantial work in distance education and PhD supervision. As a practitioner, he has worked as Legal Counsel and Portfolio Manager for different investments companies.

Frank K. Reilly, a Chartered Financial Analyst (CFA), is the Bernard J. Hank Professor of Finance, Mendoza College of Business, University of Notre Dame, where he served as dean from 1981-1987. Prior to 1981, Dr. Reilly was a professor at the University of Illinois at Urbana-Champaign, the University of Wyoming, and the University of Kansas. Recently, he was part of the inaugural group selected as a fellow of the Financial Management Association International. At the 2001 AIMR annual meeting in Los Angeles, he received the Daniel J. Forrestal III Leadership Award for Professional Ethics and Standards of Investment Practice. Among his other honors, Professor Reilly was included in the list of Outstanding Educators in America, received the Alumni Excellence in Graduate Teaching Award and the Outstanding Educator Award from the M.B.A. class at the University of Illinois, the Outstanding Teachers Award from the M.B.A. class at the University of Notre Dame, and the Faculty Award from the University of Notre Dame. He received his B.B.A. at the University of Notre Dame, his M.B.A. at Northwestern University, and his Ph.D. at the University of Chicago.

Keith C. Brown, a Chartered Financial Analyst (CFA), is the Jack S. Josey Professor, University Distinguished Teaching Professor, and Fayez Sarofim Fellow at the McCombs School of Business at the University of Texas at Austin, where he teaches Investments, Portfolio Management and Security Analysis, Capital Markets, and Derivatives courses at the BBA and MBA levels. He is president and CEO of The MBA Investment Fund, LLC, a private capital appreciation fund managed by UT graduate students, and the former director of the department's Hicks, Muse, Tate & Furst Center for Private Equity Finance. Professor Brown is cofounder and senior partner of Fulcrum Financial Group, a portfolio management and investment advisory firm located in Austin, Texas, and Las Vegas, Nevada. He serves as an advisor to the boards of the Teacher Retirement System of Texas and the University of Texas Investment Management Company. He is an associate editor for the JOURNAL OF INVESTMENT MANAGEMENT and the JOURNAL OF BEHAVIORAL FINANCE. He received his B.A. from San Diego State University and his M.S. and Ph.D. from Purdue University.

  • EXTENDED end-of-chapter/online (TBD) problems
  • NEW end-of-chapter case study
  • Reilly/Brown is a rigourous and empirical text without being overly quantitative, ensuring proper discussion of modern developments investments and portfolio theory as well as the ability to judge alternative investment theories
  • Concept checks at the end of major sections of the text ensure students stop, question and confirm their understanding before moving on.
  • Questions and problems at the end of each chapter give students the chance to practise computations for the more sophisticated investment problems covered in each chapter
  • Presents an in-depth discussion of investments and portfolio management, addressing both undergraduate and post-graduate courses looking for this approach
  • Almost every chapter discusses how investment theory or practice is influenced by the globalisation of investments and capital markets, ensuring students are prepared to function in a global environment
  • Global technology and regulations have changed more significantly since the 2000s than in the 40 years prior to that - get students up to speed with the dedicated content on this. Chapter 4 contains a detailed discussion of this evolution and the results for global markets

Table of Contents

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PART I: THE INVESTMENT BACKGROUND
1. The investment setting
2. The asset allocation decision
3. Selecting investments in a global market
4. Organisation and functioning of securities markets
5. Security-market indexes

PART II: DEVELOPMENTS IN INVESTMENT THEORY
6. Efficient capital markets
7. An introduction to portfolio management
8. An introduction to asset pricing models
9. Multifactor models of risk and return

PART III: VALUATION PRINCIPLES AND PRACTICES
10. Analysis of financial statements
11. An introduction to security valuation

PART IV: ANALYSIS AND MANAGEMENT OF ORDINARY SHARES
12. Macroanalysis and microvaluation of the share market
13. Industry analysis
14. Company analysis and share valuation
15. Technical analysis
16. Equity portfolio management strategies

PART V: ANALYSIS AND MANAGEMENT OF BONDS
17. Bond fundamentals
18. The analysis and valuation of bonds
19. Bond portfolio management strategies

PART VI: DERIVATIVE SECURITY ANALYSIS
20. An introduction to derivative markets and securities
21. Forward and futures contracts
22. Option contracts
23. Swap contracts, convertible securities, and other embedded derivatives

PART VII: SPECIFICATION AND EVALUATION OF ASSET MANAGEMENT
24. Professional money management, alternative assets, and industry ethics
25. Evaluation of portfolio performance

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Investment Analysis & Portfolio Management Instructor Companion Website

ISBN13:9780170441070
ISBN10:0170441075
Your #1 resource for your course. This tailored collection of teaching tools includes downloadable PowerPoint lecture slides, Solutions Manual, and Test Bank with customisable questions for quizzes and assessments. Log in or request an account to access instructor resources at cengage.com.au/instructors for Australia or cengage.co.nz/instructors for New Zealand.

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Investment Analysis & Portfolio Management

  • ISBN-10: 0170416038
  • ISBN-13: 9780170416030

Price USD$ 123.75

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