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Investment Analysis and Portfolio Management, 12th Edition

Frank K. Reilly, Keith C. Brown, Sanford J. Leeds

  • {{checkPublicationMessage('Published', '2024-02-29T00:00:00+0000')}}
Starting At $74.95 See pricing and ISBN options
Investment Analysis and Portfolio Management 12th Edition by Frank K. Reilly/Keith C. Brown/Sanford J. Leeds

Overview

Used extensively by professionals, organizations and schools across the country, Reilly/Brown/Leeds' INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, 12th Edition, combines solid theory with practical applications to help students learn how to manage their money to maximize earning potential. Streamlined into a succinct 18 chapters, the text has been thoroughly revised to present content that is vital to a thorough understanding of investment management in the most effective way. It uses real-world illustrations and hands-on exercises to bring investment concepts to life for students. The 12th edition continues its tradition of unparalleled international coverage. It also offers expanded discussions of the impact of changes in both technology, regulations and ESG mandates on the functioning and organization of global security markets and devotes three chapters to derivatives securities.

Frank K. Reilly

Frank K. Reilly, Chartered Financial Analyst (CFA), was 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, University of Wyoming and 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, Chartered Financial Analyst (CFA), is the 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 served as president and CEO of The MBA Investment Fund, LLC, a private capital appreciation fund managed by UT graduate students as well as the former director of the department's Hicks, Muse, Tate and Furst Center for Private Equity Finance. Professor Brown is co-founder and senior partner of Fulcrum Financial Group, a portfolio management and investment advisory firm located in Austin, Texas. He serves as an advisor to the boards of the Teacher Retirement System of Texas and the University of Texas/Texas A&M Investment Management Company as well as a member of the Investment Committee for Atlas Capital Global, a subsidiary of Citibanamex’ pension fund. 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 Professor of Instruction at the University of Texas' McCombs School of Business, where he has been a member of the faculty for 22 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.
  • The text provides a balanced, conceptual and practical presentation. Starting with establishing a solid conceptual foundation that includes both classic and state-of-the-art theoretical contributions in portfolio management, security valuation and analysis and asset allocation, the text illustrates these principles with a multitude of practical examples and hands-on exercises that allow students to appreciate how theory is actually put into practice when it comes to forming and managing investment portfolios.
  • The text contains revised examples and concepts and well as new coverage of such topics as the role that cryptocurrencies can play in the asset allocation process, the transition from LIBOR to SOFR in floating-rate securities and derivative agreements and how ESG principles are integrated into security selection decisions. Our discussion of capital market efficiency and behavioral finance topics has also been thoroughly revised and streamlined in a way that makes this material far more accessible to the reader.
  • 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.
  • Concise Presentation: More streamlined than ever, the 12th edition delivers comprehensive yet succinct coverage, providing just the right amount of detail to ensure solid student understanding while providing the flexibility to cover more ground in the span of the course.
  • Global Perspective: The text continues to lead the market with the most comprehensive coverage of international issues available.
  • Expanded Coverage: Important new concepts in the investment management landscape are discussed, including the role that cryptocurrencies may play in the asset allocation process as well as how environmental, social and governance (ESG) mandates are incorporated into investment portfolio decision-making.
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. Equity Valuation.
9. The Top-Down Approach to Market, Industry, and Company Analysis.
10. The Practice of Fundamental Investing.
11. Equity Portfolio Management Strategies.
12. Bond Fundamentals and Valuation.
13. Bond Analysis and Portfolio Management Strategies.
14. An Introduction to Derivative Markets and Securities.
15. Forward, Futures, and Swap Contracts.
16. Option Contracts.
17. Professional Portfolio Management, Alternative Assets, and Industry Ethics.
18. Evaluation of Portfolio Performance.
MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 0357988183
  • ISBN-13: 9780357988183
  • RETAIL $99.95

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 0357988264
  • ISBN-13: 9780357988268
  • RETAIL $74.95

  • ISBN-10: 0357988175
  • ISBN-13: 9780357988176
  • RETAIL $235.95

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

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ISBN: 9780357988183
MindTap for Reilly/Brown/Leeds' Investment Analysis and Portfolio Management, 12th Edition, is the online learning platform that powers students from memorization to mastery. It gives you complete control of your course to provide engaging content, challenge every individual and build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of your content and learning experience. Customize the interactive syllabi, emphasize the most important topics and add your own material or notes in the eBook.