Higher Education


Investment Analysis and Portfolio Management with MindTap, 11E

Author(s): Frank Reilly | Keith C. Brown | Sanford J. Leeds

ISBN: 9789353506384

Edition: 11th

© Year : 2019


Binding: Paperback

Pages: 816

Trim Size : 254 x 203 mm

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Learn to manage your money to maximize your earning potential with Reilly/Brown/Leeds' INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, 11th Edition. Extremely reader friendly in a succinct 18 chapters, this text equips you with a solid understanding of investment instruments, capital markets, behavioral finance, hedge funds, international investing and much more. Real-world examples and hands-on applications bring chapter concepts to life as you learn to use the same tools as investment professionals. The 11th edition's unparalleled international coverage provides specific information on non-U.S. markets, instruments, conventions and techniques. New detailed discussions explain the impact of changes in both technology and regulations on global security markets. In addition, three chapters are devoted to derivatives securities--which are now standard investment instruments.

  • Concise Presentation: More streamlined than ever, the 11th edition delivers comprehensive yet succinct coverage, providing just the right amount of detail to ensure solid student understanding while giving you the flexibility to cover more ground in the span of the course.
  • Ethics Emphasis: Insightful discussions of codes of ethics highlight the importance--and sometimes lack--of ethics in today's financial markets, prompting students to examine and shore up their personal principles and values and make the important decisions well before they actually have to face them.
  • Global Perspective: INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, 11th edition, continues to lead the market with the most comprehensive coverage of international issues available.
  • Expanded Tech/Reg Coverage: Both technology and regulations have caused more significant changes in the functioning and organization of global security markets in the last decade than in the prior 50 years. Chapter 3 provides a detailed discussion of this evolution and the results for global markets, while Chapter 2 describes how specific security innovations and asset allocation practices have been affected by these changes.
  • Unrivaled Domestic and Global Insight: The 11th edition continues its tradition of unparalleled international coverage. Investing knows no borders, and while the total integration of domestic and global investment opportunities may seem to contradict the need for separate discussions of international issues, it actually makes the need for specific information on non-U.S. markets, instruments, conventions and techniques even more compelling--and this text delivers with comprehensive coverage.
  • Derivative Securities Emphasis: In today's market, derivative securities are not exotic anomalies but standard investment instruments--a reality reflected in the 11th edition. Three entire chapters are devoted to derivatives, equipping readers with intuitive, clear discussions of the different instruments, their markets, valuation, trading strategies and general use as risk management and return enhancement tools.
  • Revamped TOC: The 11th edition has been thoroughly updated, revised and streamlined into a succinct 18 chapters. Information has been condensed, reworded and rearranged to ensure content that is vital to a thorough understanding of investment management is presented in the most effective way. For example, the section on equity valuation and management that previously spanned six separate chapters is now contained in Chapters 8-11.

Cengage digital App includes:

Data sets

Table of Contents:

1. The Investment Setting.

2. Asset Allocation and Security Selection.

3. Organization and Functioning of Securities Markets.

4. Security Market Indexes and Index Funds.

5. Efficient Capital Markets, Behavioral Finance and Technical Analysis.

6. Introduction to Portfolio Management.

7. Asset Pricing Models.

8. Introduction to Financial Statement and Security Analysis.

9. Stock Market and Industry Analysis.

10. Company Analysis.

11. Equity Portfolio Management Strategies.

12. Bond Fundamentals and Valuation.

13. Bond Analysis and Portfolio Management Strategies.

14. Introduction to Derivative Markets and Securities.

15. Forward, Futures and Swap Contracts.

16. Option Contracts and Other Embedded Derivatives.

17. Active Portfolio Management, Alternative Assets and Industry Ethics.

18. Evaluation of Portfolio Performance.

Frank K. Reilly

Frank K. Reilly, a Chartered Financial Analyst (CFA), is the Bernard J. Hank Professor of Finance, Mendoza College of Business, University of Notre Dame, where he served as dean from 1981-1987. Prior to 1981, Dr. Reilly was a professor at the University of Illinois at Urbana-Champaign, the University of Wyoming, and the University of Kansas. Recently, he was part of the inaugural group selected as a fellow of the Financial Management Association International. At the 2001 AIMR annual meeting in Los Angeles, he received the Daniel J. Forrestal III Leadership Award for Professional Ethics and Standards of Investment Practice. Among his other honors, Professor Reilly was included in the list of Outstanding Educators in America, received the Alumni Excellence in Graduate Teaching Award and the Outstanding Educator Award from the M.B.A. class at the University of Illinois, the Outstanding Teachers Award from the M.B.A. class at the University of Notre Dame, and the Faculty Award from the University of Notre Dame. He received his B.B.A. at the University of Notre Dame, his M.B.A. at Northwestern University, and his Ph.D. at the University of Chicago.


Keith C. Brown

Keith C. Brown, a Chartered Financial Analyst (CFA), is the Jack S. Josey Professor, University Distinguished Teaching Professor, and Fayez Sarofim Fellow at the McCombs School of Business at the University of Texas at Austin, where he teaches Investments, Portfolio Management and Security Analysis, Capital Markets, and Derivatives courses at the BBA and MBA levels. He is president and CEO of The MBA Investment Fund, LLC, a private capital appreciation fund managed by UT graduate students, and the former director of the department's Hicks, Muse, Tate & Furst Center for Private Equity Finance. Professor Brown is cofounder and senior partner of Fulcrum Financial Group, a portfolio management and investment advisory firm located in Austin, Texas, and Las Vegas, Nevada. He serves as an advisor to the boards of the Teacher Retirement System of Texas and the University of Texas Investment Management Company. He is an associate editor for the JOURNAL OF INVESTMENT MANAGEMENT and the JOURNAL OF BEHAVIORAL FINANCE. He received his B.A. from San Diego State University and his M.S. and Ph.D. from Purdue University.


Sanford J. Leeds

Sanford J. Leeds is a distinguished senior lecturer at the University of Texas' McCombs School of Business, where he has been a member of the faculty for 16 years. For 13 of those years, he also served as president of The MBA Investment Fund LLC, a privately funded investment company managed by graduate students at the University of Texas. Professor Leeds' numerous teaching awards include three schoolwide awards: the Joe D. Beasley Teaching Award, the CBA Foundation Advisory Council Award for Teaching Innovation and the Jim Nolen Award for Excellence in Graduate Teaching. His recognition from his students includes multiple Outstanding MBA Professor Awards and Outstanding MSF Professor Awards. In 2015, he was selected to be a Provost Teaching Fellow and served on the steering committee of that organization. He currently serves as a Senior Provost Fellow. He received a B.S. in Investment Analysis from the University of Alabama, an MBA from the University of Texas and a J.D. from the University of Virginia. Professor Leeds received the Chartered Financial Analyst designation in 1998. He has served the CFA Institute as a grader, a member of the Candidate Curriculum Committee and an editor of a candidate reading section. He is also a member of the Texas State Bar.