Global Investments, the Sixth Edition of the previously titled International Investments, provides accessible coverage of international capital markets using numerous examples to illustrate the applications of concepts and theories. The new title reflects the current understanding that the distinction between domestic and international is no longer relevant and that asset management is global. Currency Exchange Rates; Foreign Exchange Parity Relations; Foreign Exchange Determination and Forecasting; International Asset Pricing;Equity: Markets and Instruments; Equity: Concepts and Techniques; Global Bond Investing; Alternative Investments; The Case for International Diversification; Derivatives; Currency Risk Management; Global Performance Evaluation; Structuring the Global Investment Process. This book is ideal for CFA® (Chartered Financial Analyst) candidates, advanced finance undergraduates, and MBA students, and it has been selected by the CFA Institute as part of the curriculum to deliver the Candidate Body of Knowledge for the CFA. The text is also widely used by professionals working in the investments area, as the level is accessible to readers and portfolio managers without recent training in portfolio theory.
Bruno Solnik is recognized as one of the most outstanding contributors to the international finance profession, and is the 1999 recipient of the prestigious Nicholas Molodovsky Award from the Board of Governors of the Chartered Financial Analyst Institute. He is an advisor to UBS Global Asset Management and has acted as a consultant for numerous asset management firms and pension funds around the world.
Dennis McLeavey, Vice President in the Curriculum and Examinations Department at the Chartered Financial Analyst Institute, is a co-author of several journal articles and texts, including the CFA Institute’s Analysis of Equity Investments: Valuation.
Chapter 1 Currency Exchange Rates
Chapter 2 Foreign Exchange Parity Relations
Chapter 3 Foreign Exchange Determination and Forecasting
Chapter 4 International Asset Pricing
Chapter 5 Equity: Markets and Instruments
Chapter 6 Equity: Concepts and Techniques
Chapter 7 Global Bond Investing
Chapter 8 Alternative Investments
Chapter 9 The Case for International Diversification
Chapter 10 Derivatives
Chapter 11 Currency Risk Management
Chapter 12 Global Performance Evaluation
Chapter 13 Structuring the Global Investment Process