Livro - Portfolio Constuction, Management, & Protection

This applications-oriented text transitions from theory to practice in a clear, straightforward manner. An ideal text for schools that do not have a "pure" portfolio course, it accomplishes the objectives of both a traditional investments course and a portfolio theory course. The book balances coverage of both the small and large investor, and offers unique coverage of topics not found in other texts, such as fiduciary duty and investment policy. Numerous references and questions from the CFA exam are also included. Beginning with background information and basic principles for investment policy, this textbook focuses on asset allocation, with security selection in the background. Chapters discuss statistical principles, portfolio objectives, investment policy, diversification, international investment, market efficiency, security screening, bond prices, bond selection, real assets, portfolio revision, optional and option pricing, performance evaluation, fiduciary duties, futures, and risk. Strong teaches at the University of Maine.