The handbook of traditional and alternative investment vehicles: investment characteristics and strategies
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, N.J.
Wiley
2011
|
| Schriftenreihe: | The Frank J. Fabozzi series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes index |
| Beschreibung: | XVI, 512 Seiten Illustrationen 24 cm |
| ISBN: | 9780470609736 0470609737 |
Internformat
MARC
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| 245 | 1 | 0 | |a The handbook of traditional and alternative investment vehicles |b investment characteristics and strategies |c Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones |
| 264 | 1 | |a Hoboken, N.J. |b Wiley |c 2011 | |
| 300 | |a XVI, 512 Seiten |b Illustrationen |c 24 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a The Frank J. Fabozzi series | |
| 500 | |a Includes index | ||
| 650 | 4 | |a Investments | |
| 650 | 4 | |a Investment analysis | |
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| 700 | 1 | |a Fabozzi, Frank J. |d 1948- |e Verfasser |0 (DE-588)129772054 |4 aut | |
| 700 | 1 | |a Jones, Frank Joseph |e Verfasser |0 (DE-588)140994068 |4 aut | |
| 856 | 4 | 2 | |m Digitalisierung UB Bamberg |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021168440&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-021168440 | ||
Datensatz im Suchindex
| _version_ | 1804143872146669568 |
|---|---|
| adam_text | Preface
xiii
About the Authors
xv
CHAPTER
1
Introduction
1
Risks Associated with Investing
1
Asset Classes
7
Super Asset Classes
11
Strategic vs. Tactical Allocations
13
Efficient vs. Inefficient Asset Classes
14
Beta and Alpha Drivers
15
Financial Instruments and Concepts Introduced in this Chapter
16
CHAPTER
2
Investing in Common Stock
17
Earnings
18
Dividends
22
Stock Repurchases
28
The U.S. Equity Markets
29
Trading Mechanics
31
Trading Costs
37
Financial Instruments and Concepts Introduced in this Chapter
38
CHAPTER
3
More on Common Stock
41
Pricing Efficiency of the Stock Market
41
Stock Market Indicators
42
Risk Factors
46
Tracking Error
49
Common Stock Investment Strategies
54
Financial Instruments and Concepts Introduced in this Chapter
67
vii
VÍN
____________________________________________________________________
CONTENTS
CHAPTER
4
Bond Basics
69
Features of Bonds
69
Yield Measures and Their Limitations
77
Interest Rate Risk
83
Call and Prepayment Risk
86
Credit Risk
87
Financial Instruments and Concepts Introduced in this Chapter
95
CHAPTERS
U.S. Treasury and Federal Agency Securities
97
Treasury Securities
97
Federal Agency Securities
104
Financial Instruments and Concepts Introduced in this Chapter
109
CHAPTER
6
Municipal Securities 111
Tax-Exempt and Taxable Municipal Securities 111
Types of Municipal Securities
114
Tax-Exempt Municipal Bond Yields
123
Risks Associated with Investing in Municipal Bonds
125
Build America Bonds
125
Financial Instruments and Concepts Introduced in this Chapter
126
CHAPTER
7
Corporate Fixed Income Securities
127
Corporate Bonds
127
Medium-Term Notes
132
Commercial Paper
134
Preferred Stock
135
Convertible Security
138
Financial Instruments and Concepts Introduced in this Chapter
145
CHAPTERS
Agency Mortgage Passthrough Securities
147
Mortgages
147
Mortgage Passthrough Securities
151
Types of Agency Mortgage Passthrough Securities
152
Prepayment Conventions and Cash Flows
153
Factors Affecting Prepayment Behavior
159
Prepayment Models
162
Contents___________________________________________________________________
ЇХ
Yield
162
A Closer Look at Prepayment Risk
164
Trading and Settlement Procedures for Agency Passthroughs
165
Stripped Mortgage-Backed Securities
167
Financial Instruments and Concepts Introduced in this Chapter
170
CHAPTERS
Agency Collateralized Mortgage Obligations
173
The Basic Principle of CMOs
173
Agency CMOs
174
CMO Structures
174
Yields
199
Financial Instruments and Concepts Introduced in this Chapter
200
CHAPTER
10
Structured Credit Products
201
Private Label Residential MBS
202
Commercial Mortgage-Backed Securities
206
Nonmortgage Asset-Backed Securities
209
Auto Loan-Backed Securities
210
Collateralized Debt Obligations
215
Financial Instruments and Concepts Introduced in this Chapter
222
CHAPTER
11
Investment-Oriented Life Insurance
223
Cash Value Life Insurance
223
Stock and Mutual Insurance Companies
224
General Account vs. Separate Account Products
226
Overview of Cash Value Whole Life Insurance
227
Taxability of Life Insurance
229
Products
230
Financial Instruments and Concepts Introduced in this Chapter
242
CHAPTER
12
Investment Companies
243
Types of Investment Companies
243
Fund Sales Charges and Annual Operating Expenses
248
Advantages of Investing in Mutual Funds
253
Types of Funds by Investment Objective
254
The Concept of a Family of Funds
256
Taxation of Mutual Funds
259
Χ
______________________________________________________________________CONTENTS
Structure
of
a
Fund
260
Financial Instruments and Concepts
Introduced in this Chapter
260
CHAPTER
13
Exchange-Traded Funds
263
Review of Mutual Funds and Closed-End Funds
263
Basics of Exchange-Traded Funds
264
ETF Mechanics: The ETF Creation/Redemption Process
267
ETF Sponsors
270
Mutual Funds vs. ETFs: Relative Advantages
272
Uses of ETFs
274
The New Generation of Mutual Funds
274
Financial Instruments and Concepts Introduced in this Chapter
276
CHAPTER
14
Investing in Real Estate
277
The Benefits of Real Estate Investing
277
Real Estate Performance
278
Real Estate Risk Profile
280
Real Estate as Part of a Diversified Portfolio
282
Core, Value-Added, and Opportunistic Real Estate
285
Financial Instruments and Concepts Introduced in this Chapter
298
CHAPTER
15
Investing in Real Estate Investment Trusts
299
Advantages and Disadvantages of REITs
299
Different Types of REITs
302
REIT
Rules
304
Economics of REITs
306
Financial Instruments and Concepts Introduced in this Chapter
312
CHAPTER
16
Introduction to Hedge Funds
313
Hedge Funds vs. Mutual Funds
313
Growth of the Hedge Fund Industry
315
Categories of Hedge Funds
316
Hedge Fund Strategies
318
Financial Instruments and Concepts Introduced in this Chapter
342
CHAPTER
17
Considerations in Investing in Hedge Funds
343
Hedge Fund Performance
343
Contents_______________________________________________________________Xl
Is Hedge Fund Performance Persistent?
345
A Hedge Fund Investment Strategy
347
Selecting a Hedge Fund Manager
354
Financial Instruments and Concepts Introduced in this Chapter
360
CHAPTER
18
Investing In Capital Venture Funds
361
The Role of a Venture Capitalist
362
The Business Plan
367
Venture Capital Investment Vehicles
374
The Life Cycle of a Venture Capital Fund
378
Specialization within the Venture Capital Industry
380
Stage of Financing
382
Historical Performance
386
Financial Instruments and Concepts Introduced in this Chapter
388
CHAPTER
19
Investing in Leveraged Buyouts
389
A Theoretical Example of a Leveraged Buyout
389
How LBOs Create Value
392
LBO
Fund Structures
402
Profile of an
LBO
Candidate
406
Venture Capital vs. Leveraged Buyouts
408
Risks of LBOs
410
Financial Instruments and Concepts Introduced in this Chapter
411
CHAPTER
29
Investing in Mezzanine Debt
413
Overview of Mezzanine Debt
413
Examples of Mezzanine Financing
418
Mezzanine Funds
421
Venture Capital and the Distinction Between Mezannine
Financing and Different Forms of Private Equity
423
Advantages of Mezzanine Debt to the Investor
424
Advantages to the Company/Borrower
425
Negotiations with Senior Creditors
426
Market Performance
428
Financial Instruments and Concepts Introduced in this Chapter
429
CHAPTER
21
investing In Distressed Debt
431
Vulture Investors and Hedge Fund Managers
432
Xli___________________________________________________________________
CONTENTS
Distressed Debt Is an Inefficient and Segmented Market
432
Distressed Debt and Bankruptcy
434
Distressed Debt Investment Strategies
438
Risks of Distressed Debt Investing
450
Market Performance
452
Financial Instruments and Concepts Introduced in this Chapter
453
CHAPTER
22
Investing in Commodities
455
Gaining Exposure to Commodities
457
Commodity Prices Compared to Financial Asset Prices
462
Economic Rationale
463
Commodity Futures Indexes
471
Financial Instruments and Concepts Introduced in this Chapter
485
APPENDIX A
Arithmetic Mean vs. Geometric Mean
487
APPENDIX
В
Measures of Risk
491
Range and Location
491
Moments of the Distribution
494
INDEX
499
|
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| author | Anson, Mark J. P. 19XX- Fabozzi, Frank J. 1948- Jones, Frank Joseph |
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| discipline | Wirtschaftswissenschaften |
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| series2 | The Frank J. Fabozzi series |
| spelling | Anson, Mark J. P. 19XX- Verfasser (DE-588)171769821 aut The handbook of traditional and alternative investment vehicles investment characteristics and strategies Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones Hoboken, N.J. Wiley 2011 XVI, 512 Seiten Illustrationen 24 cm txt rdacontent n rdamedia nc rdacarrier The Frank J. Fabozzi series Includes index Investments Investment analysis Kapitalanlage (DE-588)4073213-7 gnd rswk-swf (DE-588)4151278-9 Einführung gnd-content Kapitalanlage (DE-588)4073213-7 s b DE-604 Fabozzi, Frank J. 1948- Verfasser (DE-588)129772054 aut Jones, Frank Joseph Verfasser (DE-588)140994068 aut Digitalisierung UB Bamberg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021168440&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Anson, Mark J. P. 19XX- Fabozzi, Frank J. 1948- Jones, Frank Joseph The handbook of traditional and alternative investment vehicles investment characteristics and strategies Investments Investment analysis Kapitalanlage (DE-588)4073213-7 gnd |
| subject_GND | (DE-588)4073213-7 (DE-588)4151278-9 |
| title | The handbook of traditional and alternative investment vehicles investment characteristics and strategies |
| title_auth | The handbook of traditional and alternative investment vehicles investment characteristics and strategies |
| title_exact_search | The handbook of traditional and alternative investment vehicles investment characteristics and strategies |
| title_full | The handbook of traditional and alternative investment vehicles investment characteristics and strategies Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones |
| title_fullStr | The handbook of traditional and alternative investment vehicles investment characteristics and strategies Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones |
| title_full_unstemmed | The handbook of traditional and alternative investment vehicles investment characteristics and strategies Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones |
| title_short | The handbook of traditional and alternative investment vehicles |
| title_sort | the handbook of traditional and alternative investment vehicles investment characteristics and strategies |
| title_sub | investment characteristics and strategies |
| topic | Investments Investment analysis Kapitalanlage (DE-588)4073213-7 gnd |
| topic_facet | Investments Investment analysis Kapitalanlage Einführung |
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