Used extensively by professionals, organizations, and universities, Analysis of Investments and Management of Portfolios combines solid theory with practical application. This edition of the established and well-respected text has been developed and tailored especially for courses across the UK, Europe, the Middle East and Africa.

Filled with real-world illustrations and hands-on applications, this text takes a rigorous, empirical approach to teaching topics such as investment instruments, capital markets, behavioural finance, hedge funds, and international investment. It also emphasizes how investment practice and theory are influenced by globalization.

Part I: THE INVESTMENT BACKGROUND.
1. An Overview of the Investment Process.
2. The Global Market Investment Decision.
3. Securities Markets: Organization and Operation.
Part II: DEVELOPMENTS IN INVESTMENT THEORY.
4. Efficient Capital Markets.
5. An Introduction to Portfolio Management.
6. An Introduction to Asset Pricing Models.
7. Multifactor Models of Risk and Return.
Part III: VALUATION PRINCIPLES AND PRACTICES.
8. Analysis of Financial Statements.
9. Security Valuation Principles.
Part IV: ANALYSIS AND MANAGEMENT OF COMMON STOCKS.
10. Macroanalysis and Microvaluation of the Stock Market.
11. Industry Analysis.
12. Company Analysis and Stock Valuation.
13. Equity Portfolio Management Strategies.
Part V: ANALYSIS AND MANAGEMENT OF BONDS.
14. Bond Fundamentals.
15. The Analysis and Valuation of Bonds.
16. Bond Portfolio Management Strategies.
Part VI: DERIVATIVE SECURITY ANALYSIS.
17. An Introduction to Derivative Markets and Securities.
18. Forward and Futures Contracts.
19. Option Contracts.
Part VII: SPECIFICATION AND EVALUATION OF ASSET MANAGEMENT.
20. Professional Money Management, Alternative Assets, and Industry Ethics.
21. Evaluation of Portfolio Performance.
ONLINE CHAPTERS.
I: The Asset Allocation Decision.
II: Security-Market Indexes.
III: Technical Analysis.
IV: Swap Contracts, Convertible Securities, and Other Embedded Derivatives.

Used extensively by professionals, organizations, and universities, Analysis of Investments and Management of Portfolios combines solid theory with practical application. This edition of the established and well-respected text has been developed and tailored especially for courses across the UK, Europe, the Middle East and Africa. Filled with real-world illustrations and hands-on applications, this text takes a rigorous, empirical approach to teaching topics such as investment instruments, capital markets, behavioural finance, hedge funds, and international investment. It also emphasizes how investment practice and theory are influenced by globalization. Solid and comprehensive coverage of key topics and international issues. 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. An array of accompanying online materials including additional appendices, exercises, and additional chapters presents further opportunities for both classroom assignment and self-study. Fully revised from an international perspective, with new data, examples and currencies to put concepts into a familiar context for students from across Europe, the Middle East and Africa. Examples include the relationship between long term share returns and economic growth in South Africa, the opening up of markets in Saudi Arabia and the Pensioner’s Dilemma – changes to pension administration in the UK. Streamlined content to present a slimmer and more accessible text, with 4 chapters moved online to meet the needs of typical courses across the region. A new, user-friendly text design making the text easier to navigate.