Investment Analysis And Portfolio Management (F710403A)
Summary
Summary IAPM - Investment analysis & portfolio management (very extensive table of contents, abbreviations and formulas)
153 views 5 purchases
Course
Investment Analysis And Portfolio Management (F710403A)
Institution
Universiteit Gent (UGent)
Book
ISE Essentials of Investments
This document consists of 3 parts. First of all, there is the very extensive table of contents that not only contains titles, subtitles etc, but also all enumerations, types (bonds),... Next, there is an abbreviation list indicating all the abbreviations used (by chapter alphabetical list) from b...
TEST BANK FOR ESSENTIALS OF INVESTMENTS 11TH EDITION
TEST BANK FOR ESSENTIALS OF INVESTMENTS 11TH EDITION
All for this textbook (19)
Written for
Universiteit Gent (UGent)
Handelswetenschappen
Investment Analysis And Portfolio Management (F710403A)
All documents for this subject (8)
Seller
Follow
jdw99
Reviews received
Content preview
CHAPTER 1 – BACKGROUND AND ISSUES
1. Introduction
2. Basis concepts
a. Two basic concepts: return & risk
i. Risk
ii. Return
b. Trade-off between risk and return
i. The historical record: 1979 – 2016
ii. Long-term realized risk-return trade-off
iii. The historical record: 1999 – 2011
iv. Shorter-term realized risk-return trade-off
v. Expected VS realized risk-return trade-off
c. Efficient markets
d. Pricing of assets
e. Diversification
3. Types of investment
a. Real assets VS financial assets & direct VS indirect investments
i. Foreign stock market
b. Financial assets
i. Fixed-income (debt securities)
ii. Common stock (equity)
iii. Derivative securities
4. The investment process
a. 5 steps
i. Set investment policy
ii. Perform security analysis & valuation
iii. Construct a portfolio
iv. Revise a portfolio
v. Evaluate performance
b. Investment decisions
i. 2 steps
1. Asset allocation
2. Security selection
ii. Asset allocation
1. Investment horizon
2. Risk tolerance
iii. Course philosophy: top-down approach
c. Investment management
d. Efficient markets and investment strategy
e. Factors affecting investment decisions
i. The great unknown
ii. Global investment area
1
,5. Players in the financial markets
a. Financial intermediaries
b. Investment bankers
c. Venture capital & private equity
d. Types of investors
i. Retail investors
ii. Institutional investors
6. Role of financial markets
a. Channel funds (from saver to borrowers)
b. Allow consumption timing
c. Help allocate cash (to where it is most productive)
d. Help lower the cost of cash
7. Financial markets & the economy
a. The informational role of financial markets
b. Allocation of risk
c. Separation of ownership & management
d. Corporate governance & corporate ethics
i. 2000 – 2002: scandals
ii. 2002: Sarbanes-Oxley Act
3. Organizing financial assets
a. Saving options of households
i. Liabilities of traditional intermediaries
ii. Hold securities directly
iii. Hold securities indirectly
4. Types of assets
a. Short-term money market (low risk & return)
b. Long-term capital market (high risk & return)
5. The money market
a. Treasury bills
b. Certificates of deposit
c. Commercial paper
d. Banker’s acceptances
e. Eurodollars
f. Repos & reverses
i. Repurchase agreements (repos)
ii. Repo
iii. Reverse repo
g. Broker’s calls
h. Federal funds
i. The LIBOR market
j. Yields on money market instruments
3
, 6. The bond market
a. Treasury notes and bonds
i. T-notes
ii. T-bonds
b. Inflation-protected treasury bonds
i. TIPS
c. Federal agency debt
d. International bonds
i. Eurodollar bond (GB in $)
ii. Euroyen bonds (JAP in ¥)
iii. Yankee bond (US in $)
iv. Samurai bond (JAP in ¥)
e. Municipal bonds
i. General obligation bonds
ii. Revenue bonds
iii. Industrial development bonds
iv. Taxable bonds
v. Tax-exempt bonds
f. Corporate bonds
i. Secured bonds
ii. Unsecured bonds (debentures)
iii. Subordinated debentures
iv. Callable bonds
v. Convertible bonds
g. Mortgage & asset-backed securities
i. Conforming mortgages
ii. Subprime mortgages
h. Bond ratings
7. Equity securities
a. Common stock (equity securities) as ownership shares
b. Characteristics of common stock
i. Residual claims
1. Going concern
2. Book value
3. Market value
ii. Limited liability
iii. Cash dividends
1. Dividend yield
2. Payout ratio
iv. Stock dividend
v. Stock split
vi. P/E ratio
c. Stock market listings
d. Preferred stock
e. Depositary receipts
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jdw99. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R59,94. You're not tied to anything after your purchase.
