Include reference, glossary and index.

Contents: Part I: Introduction: The investment environment -- Asset classes and financial instruments -- How securities are traded -- Mutual funds and other investment companies -- Part II: Portfolio theory and practice: Risk, return, and the historical record -- Capital allocation to risky assets -- Optimal risky portfolios -- Index models -- Part III: Equilibrium in capital markets: The capital asset pricing model of risk and return -- The efficient market hypothesis -- Behavioral finance and technical analysis -- Empirical evidence on security return -- Part IV: Fixed-income securities: Bond prices and yields -- The term structure of internet rates -- Managing bond portfolios -- Part V: Security analysis: Macroeconomic and industry analysis -- Equity valuation models -- Financial statement analysis -- Part VI: Options, futures, and other derivatives: Options markets: introduction -- Option valuation -- Future markets -- Futures, swaps, and risk management -- Part VII: Applied portfolio management: Portfolio performance evaluation -- International diversification -- Hedge funds -- The theory of active portfolio management -- Investment policy and the framework of the CFA Institute.