Modern Portfolio Theory and Investment Analysis

Stressing the economic intuition behind the subject matter, this classic text presents advanced concepts of investment analysis and portfolio management. New to this edition: two institutional chapters on financial securities and financial markets; sections on the uses of Arbitrage Pricing Theory, the performance of international funds, bond management and multi-index models in portfolio evaluation; many new examples; a totally updated international diversification chapter plus an interactive portfolio analysis software program that allows readers to perform almost all the text analyses in a Windows-based environment.