Modern Portfolio Theory and Investment Analysis, 7th Ed  (English, Paperback, Elton Edwin J.)

This book stresses the economic intuition behind the subject matter. Topics include 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.

About The Author
Edwin J. Elton is a Nomura Professor of Finance at the Leonard N. Stern School of Business at NYU. Professor Elton is a former president of the American Finance Association (1996) and is a fellow of the American Finance Association. He received the Graham Dodd award for research in investments and the James Vertin Lifetime Achievement Award from the Financial Analyst Federation, and was named Distinguished Scholar by the Eastern Finance Association.

Table Of Contents
Part 1: Introduction

Chapter 1. Introduction
Chapter 2. Financial Securities
Chapter 3. Financial Markets

Part 2: Portfolio Analysis
Section 1. Mean Variance Portfolio Theory.

Chapter 4. The Characteristics of the Opportunity Set Under Risk
Chapter 5. Delineating Efficient Portfolios
Chapter 6. Techniques for Calculating the Efficient Frontier

Section 2. Simplifying the Portfolio Selection Process

Chapter 7. The Correlation Structure of Security Returns: The Single-Index Model
Chapter 8. The Correlation Structure of Security Returns: Multi-Index Models and Grouping Techniques
Chapter 9. Simple Techniques for Determining the Efficient Frontier

Section 3. Selecting the Optimum Portfolio

Chapter 10. Estimating Expected Returns
Chapter 11. How to Select Among the Portfolios in the Opportunity Set

Section 4. Widening the Selection Universe

Chapter 12. International Diversification

Part 3: Models of Equilibrium in the Capital Markets

Chapter 13. The Standard Capital Asset Pricing Model
Chapter 14. Nonstandard Forms of Capital Asset Pricing Models
Chapter 15. Empirical tests of Equilibrium Models
Chapter 16. The Arbitrage Pricing Model APT-A New Approach to Explaining Asset Prices

Part 4: Security Analysis and Portfolio Theory

Chapter 17. Efficient Markets
Chapter 18. The Valuation Process
Chapter 19. Earnings Estimation
Chapter 20. Behavioral Finance, Investor Decision Making, and Asset Pricing
Chapter 21. Interest Rate Theory and the Pricing of Bonds
Chapter 22. The Management of Bond Portfolios
Chapter 23. Option Pricing Theory
Chapter 24. The Valuation and Uses of Financial Futures

Part 5: Evaluating the Investment Process

Chapter 25. Evaluation of Portfolio Performance
Chapter 26. Evaluation of Security Analysis
Chapter 27. Portfolio Management Revisited

Index