Investment Analysis & Portfolio Management – F. Reilly, K. Brown – 7th Edition


Penned by a widely respected author team, this investments text takes an empirical approach to explaining current, real-world practice. Providing the most comprehensive coverage available, the text emphasizes investment alternatives and teaches students how to analyze these choices and manage their portfolio. Like the editions before it, the sixth edition includes excellent coverage of portfolio theory, capital market theory, security analysis, and international investments.

The purpose of this book is to help you learn how to manage your money to derive the maximum benefit from what you earn. Mixing investment instruments and capital markets with the theoretical detail on evaluating investments and opportunities to satisfy risk-return objectives along with how investment practice and theory is influenced by globalization leaves readers with the mindset on investments to serve them well.

The material is intended to be rigorous and empirical yet not overly quantitative. We continue with unparalleled international coverage, newly rewritten and reorganized derivatives material to be more intuitive and clearer, three additional chapters on derivatives pricing for those who want more detail, rewritten material on multifactor models of risk and return, and new CFA problems for more practice on computations concerning investment decisions.

To manage money and investments, one needs to learn about investment alternatives and develop a way of analyzing and thinking about investments that will be of benefit and allow a foundation as new tools and investment opportunities become available.

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  • I. The Investment Background
    The Investment Setting
    The Asset Allocation Decision
    Selecting Investments in a Global Market
    Organization and Functioning of Securities Markets
    Security Market Indicator Series
    Sources of Information on Global Investments

    II. Developments in Investment Theory
    Efficient Capital Markets
    An Introduction to Portfolio Management
    An Introduction to Asset Pricing Models
    Extensions and Testing of Asset Pricing Models
    An Introduction to Derivative Markets and Securities

    III. Valuation Principles and Practices
    Analysis of Financial Statements
    Introduction to Security Valuation
    An Analysis of Alternative Economies and Security Markets: The Global Asset Allocation Decision

    IV. Analysis and Management of Bonds
    Bond Fundamentals
    The Valuation of Bonds
    Bond Portfolio Management Strategies

    V. Analysis and Management of Common Stock
    Stock Market Analysis
    Industry Analysis
    Company and Stock Analysis
    Technical Analysis
    Equity Portfolio Management

    VI. Derivative Security Analysis
    Forwards and Futures Contracts
    Option Contracts
    Swap Contracts, Convertible Securities, and Other Embedded Derivatives

    VII. Analysis of Alternative Assets and Portfolio Performance
    Investment Companies
  • Citation

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