Investments : Principles of Portfolio and Equity Analysis

Intro -- Investments: Principles of Portfolio and Equity Analysis -- Contents -- Foreword -- Acknowledgments -- Introduction -- Chapter 1: Market Organization and Structure -- Learning Outcomes -- 1. Introduction -- 2. The Functions of the Financial System -- 2.1. Helping People Achieve Their Purposes in Using the Financial System -- 2.2. Determining Rates of Return -- 2.3. Capital Allocation Efficiency -- 3. Assets and Contracts -- 3.1. Classifications of Assets and Markets -- 3.2. Securities -- 3.3. Currencies -- 3.4. Contracts -- 3.5. Commodities -- 3.6. Real Assets -- 4. Financial Intermediaries -- 4.1. Brokers, Exchanges, and Alternative Trading Systems -- 4.2. Dealers -- 4.3. Securitizers -- 4.4. Depository Institutions and Other Financial Corporations -- 4.5. Insurance Companies -- 4.6. Arbitrageurs -- 4.7. Settlement and Custodial Services -- 4.8. Summary -- 5. Positions -- 5.1. Short Positions -- 5.2. Levered Positions -- 6. Orders -- 6.1. Execution Instructions -- 6.2. Validity Instructions -- 6.3. Clearing Instructions -- 7. Primary Security Markets -- 7.1. Public Offerings -- 7.2. Private Placements and Other Primary Market Transactions -- 7.3. Importance of Secondary Markets to Primary Markets -- 8. Secondary Security Market and Contract Market Structures -- 8.1. Trading Sessions -- 8.2. Execution Mechanisms -- 8.3. Market Information Systems -- 9. Well-Functioning Financial Systems -- 10. Market Regulation -- 11. Summary -- Problems -- Chapter 2: Security Market Indices -- Learning Outcomes -- 1. Introduction -- 2. Index Definition and Calculations of Value and Returns -- 2.1. Calculation of Single-Period Returns -- 2.2. Calculation of Index Values over Multiple Time Periods -- 3. Index Construction and Management -- 3.1. Target Market and Security Selection -- 3.2. Index Weighting.