Investments

PART I Introduction
1 The Investment Environment 
2 Asset Classes and Financial Instruments 
3 How Securities Are Traded 
4 Mutual Funds and Other Investment Companies 

PART II Portfolio Theory and Practice 
5 Risk, Return, and the Historical Record 
6 Capital Allocation to Risky Assets 
7 Efficient Diversification 
8 Index Models 

PART III Equilibrium in Capital Markets 
9 The Capital Asset Pricing Model 
10 Arbitrage Pricing Theory and Multifactor Models of Risk and Return 
11 The Efficient Market Hypothesis 
12 Behavioral Finance and Technical Analysis 
13 Empirical Evidence on Security Returns 

PART IV Fixed-Income Securities 
14 Bond Prices and Yields 
15 The Term Structure of Interest Rates 
16 Managing Bond Portfolios 

PART V Security Analysis 
17 Macroeconomic and Industry Analysis 
18 Equity Valuation Models 
19 Financial Statement Analysis 

PART VI Options, Futures, and Other Derivatives 
20 Options Markets: Introduction 
21 Option Valuation 
22 Futures Markets
23 Futures, Swaps, and Risk Management 

PART VII Applied Portfolio Management 
24 Portfolio Performance Evaluation 
25 International Diversification 
26 Alternative Assets 
27 The Theory of Active Portfolio Management 
28 Investment Policy and the Framework of the CFA Institute 


REFERENCES TO CFA PROBLEMS 
GLOSSARY 
NAME INDEX 
SUBJECT INDEX
NOTATION, FORMULAS 

Overview:

Investments is an important textbook designed for courses in investment analysis for the MBA/PGDM program. It organizes material around a core set of consistent, fundamental principles and introduces students to key issues relevant to all investors today. The book provides intuitions to guide students and practitioners as they confront new ideas and challenges in their professional lives. It discusses the major issues currently of concern to all investors. The central theme of the book is the near efficiency of well-developed security markets, where most securities are appropriately priced based on their risk and return characteristics. Other key themes include the risk–return trade-off, the importance of asset allocation, and an in-depth exploration of futures, options, and other derivative markets.


Key Features:

• Comprehensive coverage of portfolio theory and asset allocation
• In-depth exploration of futures, options, and derivative markets
• Aligned with CFA Institute principles and curriculum standards
• Updated discussions on Fintech, ESG investing, and digital assets
• India-centric examples connecting theory to local market realities
• Detailed focus on Indian financial instruments and tax regulations