Portfolio Construction, Management, and Protection (with Stock-Trak Coupon) / Edition 5

by Robert A. Strong

Overview

With PORTFOLIO CONSTRUCTION, MANAGEMENT, AND PROTECTION you'll learn traditional investments information as well as portfolio theory, saving you time and money. And, if you're thinking about taking the CFA exam, this edition is packed with CFA exam reference tools and questions from the exam itself.

Product Details

ISBN-13:	9780324665109
Publisher:	Cengage Learning
Publication date:	10/10/2008
Edition description:	New Edition
Pages:	704
Product dimensions:	8.10(w) x 10.20(h) x 1.20(d)

About the Author

Bob Strong is University Foundation Professor of Investment Education and Professor of Finance at the University of Maine. He holds a Bachelor of Science degree in engineering from the United States Military Academy at West Point, a Master of Science degree in business administration from Boston University, and a PhD in finance from Penn State University. He has also been a visiting professor of finance at Maine Maritime Academy and at Harvard University, where he was Deputy Director of the Summer Economics Program from 1997-1999. He is a Chartered Financial Analyst. Dr. Strong has consulted on risk management and asset valuation for organizations such as Eastern Maine Healthcare, Bangor Hydro Electric Company, Maine Public Service Company, Energy Atlantic, the Maine State Police, the Maine Forest Service, Irving Oil, James W. Sewall Company, and Texas Instruments. He has been a conference speaker for the Chicago Board Options Exchange, the Chicago Board of Trade, and the American Stock Exchange. His current research interests center on investor asset allocation. In addition to four successful textbooks, he has published in journals ranging from the JOURNAL OF FINANCE and THE JOURNAL OF PORTFOLIO MANAGEMENT to the trade journals PENSIONS & INVESTMENTS and FUTURES.

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. Security Screening. 11. Bond Pricing and Selection. 12. The Role of Real Assets. PART III: PORTFOLIO MANAGEMENT. 13. Revision of the Equity Portfolio. 14. Revision of the Fixed Income Portfolio. 15. Principles of Options and Option Pricing. 16. Option Overwriting. 17. Performance Evaluation. 18. Fiduciary Duties and Responsibilities. PART IV: PORTFOLIO PROTECTION AND EMERGING TOPICS. 19. Principles of the Futures Market. 20. Benching the Equity Players. 21. Removing Interest Rate Risk. 22. Integrating Derivative Assets and Portfolio Management. 23. Contemporary Issues in Portfolio Management.