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Formerly, he was chief investment officer of Guardian Life Insurance Company and vice chairman of the board of the International Securities Exchange. Request permission to reuse content from this site. Investment Characteristics and Strategies. Investment Characteristics and Strategies Mark J. Added to Your Shopping Cart. Description A comprehensive volume that covers a complete array of traditional and alternative investment vehicles This practical guide provides a comprehensive overview of traditional and alternative investment vehicles for professional and individual investors hoping to gain a deeper understanding of the benefits and pitfalls of using these products.
Topics include equities, all types of fixed income securities, investment-oriented insurance products, mutual funds, closed-end funds, investment companies, exchange-traded funds, futures, options, hedge funds, private equity, and real estate Written by the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones Includes valuable insights for everyone from finance professionals to individual investors Many finance books offer collections of expertise on one or two areas of finance, but The Handbook of Traditional and Alternative Investment Vehicles brings all of these topics together in one comprehensive volume.
Previously, he was the chief executive officer of Hermes Pensions Management Ltd. Anson is the author or coauthor of various financial books, including the Handbook of Alternative Assets Wiley. Permissions Request permission to reuse content from this site. Table of contents Preface.
Risks Associated with Investing. Beta and Alpha Drivers. Financial Instruments and Concepts Introduced in this Chapter. Investing in Common Stock. More on Common Stock. Pricing Efficiency of the Stock Market. Common Stock Investment Strategies. Yield Measures and Their Limitations. Call and Prepayment Risk. Treasury and Federal Agency Securities. Tax-Exempt and Taxable Municipal Securities. Types of Municipal Securities. Tax-Exempt Municipal Bond Yields.
Risks Associated with Investing in Municipal Bonds. Corporate Fixed Income Securities. Agency Mortgage Passthrough Securities.
Yield Measures and Their Limitations. Irrational Exuberance Robert J. Would you like to change to the United States site? Therefore, for any given price level of production, an increase in the return to capital must mean a reduction in the return to raw materials, and vice versa. Basics of Exchange-Traded Funds. You can remove the unavailable item s now or we'll automatically remove it at Checkout.
Types of Agency Mortgage Passthrough Securities. Prepayment Conventions and Cash Flows. Factors Affecting Prepayment Behavior. A Closer Look at Prepayment Risk. Trading and Settlement Procedures for Agency Passthroughs. Agency Collateralized Mortgage Obligations. Cash Value Life Insurance. Stock and Mutual Insurance Companies. Taxability of Life Insurance. Types of Investment Companies. Advantages of Investing in Mutual Funds.
Types of Funds by Investment Objective. The Concept of a Family of Funds. Leveraged Finance Stephen J. Operational Risk Frank J. Flap copy As the financial industry continues to grow in both size andsophistication, so do the instruments found within it. In order toachieve success in today's markets--whether you're a seasonedprofessional or an individual investor--you need a firmunderstanding of the various investment vehicles that can protect aportfolio as well as increase its overall performance.
The expert author team of Mark Anson, Frank Fabozzi, and FrankJones has extensive experience in the field of finance, and now, with The Handbook of Traditional and Alternative InvestmentVehicles, they provide a soup-to-nuts description of thenumerous financial instruments that exist in the marketplace. Mixing theory with real-world examples, this reliable resourceopens with a detailed look at traditional assets, such as commonstock and basic bonds as well as municipal bonds, agencypassthrough securities, collateralized mortgage obligations CMOs , and more specialized structured products in the credit industry.
Italso covers the fastest growing part of the asset managementindustry: After a thorough discussion of traditional assets, includingreal estate and real estate investment trusts REITs , TheHandbook of Traditional and Alternative Investment Vehiclesthen ventures into the world of alternative assets, offering both adescriptive overview of the many types and styles of hedge funds aswell as how to invest in them.
The authors also cover the world ofprivate equity--dedicating a chapter to each of the four partsof this world: The Handbook of Traditional and Alternative InvestmentVehicles goes beyond the spectrum of most finance books byoffering professionals in-depth knowledge, strategies, andtechniques on a broad range of assets necessary to excel in today'sdynamic market. And now, with The Handbook of Traditional and Alternative InvestmentVehicles they share their extensive experience in the field offinance with you.
Engaging and informative, this practical guide provides adetailed look at a wide array of products that can enhance yourinvestment endeavors. Touching on both traditional and alternativeassets, it covers everything from common stock to commodities, andoffers strategies that will allow you to use them to enhance yourportfolio's performance.
Instruments you'll be introduced toinclude: Written in a straightforward and accessiblestyle, The Handbook of Traditional and Alternative InvestmentVehicles presents the major principles and methods of investingin established, as well as new, asset classes and discusses therisks and rewards that accompany them. Table of contents Preface.
Risks Associated with Investing. Beta and Alpha Drivers. Financial Instruments and Concepts Introduced in this Chapter. Investing in Common Stock. More on Common Stock. Pricing Efficiency of the Stock Market. Common Stock Investment Strategies.
Yield Measures and Their Limitations. Call and Prepayment Risk.
Treasury and Federal Agency Securities. Tax-Exempt and Taxable Municipal Securities. Types of Municipal Securities.
Tax-Exempt Municipal Bond Yields. Risks Associated with Investing in Municipal Bonds. Corporate Fixed Income Securities. Agency Mortgage Passthrough Securities. Types of Agency Mortgage Passthrough Securities. Prepayment Conventions and Cash Flows. Factors Affecting Prepayment Behavior. A Closer Look at Prepayment Risk. Trading and Settlement Procedures for Agency Passthroughs.
Agency Collateralized Mortgage Obligations. Cash Value Life Insurance. Stock and Mutual Insurance Companies. Taxability of Life Insurance. Types of Investment Companies. Advantages of Investing in Mutual Funds.
Types of Funds by Investment Objective. The Concept of a Family of Funds. Taxation of Mutual Funds.
Structure of a Fund. Basics of Exchange-Traded Funds. The New Generation of Mutual Funds. Investing in Real Estate. The Benefits of Real Estate Investing. Real Estate Risk Profile. Real Estate as Part of a Diversified Portfolio. Investing in Real Estate Investment Trusts. Introduction to Hedge Funds. Growth of the Hedge Fund Industry. Categories of Hedge Funds. Considerations in Investing in Hedge Funds.
Is Hedge Fund Performance Persistent? A Hedge Fund Investment Strategy. Selecting a Hedge Fund Manager.