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Investment Analysis and Portfolio Management 10th Edition

Frank K. Reilly, Keith C. Brown

  • Published
  • Previous Editions 2009, 2006, 2003
  • 1080 Pages

Overview

Used extensively by professionals, organizations, and schools across the country, INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, Tenth Edition, combines solid theory with practical application in order to help students learn how to manage their money so that they can maximize their earning potential. Filled with real-world illustrations and hands-on applications, this text takes a rigorous, empirical approach to teaching students about topics such as investment instruments, capital markets, behavioral finance, hedge funds, and international investing. It also emphasizes how investment practice and theory are influenced by globalization. In addition, this tenth edition includes new coverage of relevant topics such as the impact of the 2008 financial market crisis, changes in rating agencies and government agencies such as Fannie Mae and Freddie Mac, global assets risk-adjusted performance and intercorrelations, and more.

Frank K. Reilly, University of Notre Dame

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, University of Texas at Austin

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.
  • Real-world relevance: Through the inclusion of recent changes and events in the field, students are able to see the real-world application of what they are learning. For example, the tenth edition includes integrated coverage of the impact of the 2008 financial market crisis on financial markets. In addition, coverage also includes discussion of several new fixed income instruments, changes in rating agencies and government agencies such as Fannie and Freddie, and the bond insurance industry and municipal bond sector.
  • Domestic and global coverage: The tenth edition includes extensive discussion of the significant changes in the organization and functioning of the U.S. and global security markets, giving students valuable insight into this hot topic..
  • Expanded coverage: In-depth discussions of portfolio performance measurement analytics, bond portfolio strategies, stock portfolio strategies, and global assets risk-adjusted performance and intercorrelations for the 30-year period ending in 2010 ensures that you are provided with the most up-to-date information.
  • Derivative securities: Increased emphasis on derivative securities in portfolio management gives students insight into this important topic.
  • Ethics emphasis: Discussions of codes of ethics highlight the importance--and sometimes lack--of ethics in today's financial markets, prompting students to examine and shore up their personal principles and values.
  • Thomson ONE--Business School Edition: Similar to tools analysts and brokers use in real practice, Thomson ONE--Business School Edition equips students with a one-stop shop to do financial analysis and research, giving them hands-on practice working with real-world applications.
  • Stock-Trak: Packaged with every copy of the book is a $7.00-off coupon for Stock-Trak Gold Account. Stock-Trak is an optional stock simulation that can give students even more access to real-world applications, enhancing the course's practical experience.
  • Concise: More streamlined than ever, the tenth edition delivers comprehensive yet succinct coverage, providing just the right amount of detail to ensure solid student understanding and enabling you to cover more ground in the span of the course.
  • Global perspective: INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, Tenth Edition, leads the market with its solid coverage of international issues--the most comprehensive on the market.
PART I: THE INVESTMENT BACKGROUND.
1. The Investment Setting.
2. The Asset Allocation Decision.
3. Selecting Investments in a Global Market.
4. Organization 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 COMMON STOCKS.
12. Macroanalysis and Microvaluation of the Stock Market.
13. Industry Analysis.
14. Company Analysis and Stock 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.

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 113379257X
  • ISBN-13: 9781133792574
  • STARTING AT $24.49

  • STARTING AT $161.99

  • ISBN-10: 0538482389
  • ISBN-13: 9780538482387
  • Bookstore Wholesale Price $240.50
  • RETAIL $319.95

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.

FOR INSTRUCTORS

Instructor's Resource CD-ROM

ISBN: 9781111528874
For your convenience, the IRCD includes the Instructor's Manual, which contains all the answers to the end-of-chapter questions and solutions to end-of-chapter problems; the Test Bank in Word and in Examview; and the PowerPoint® lecture slides in one easily accessible resource. All questions from the Test Bank are available in Examview, an easy-to-use test-creation program that is compatible with Windows and Macintosh operating systems. You can edit, add, delete, or rearrange questions in Examview to meet your specific course needs. The PowerPoint slides allow you to make more stimulating lectures and illustrate concepts as they are taught. You can use PowerPoint software to adapt the slides for your classes.