The goal of
investment management is to achieve the investor’s required rate of return by
putting assets to their most productive use. The return should compensate the
investor for the time during which the funds are committed, the expected rate
of inflation and the uncertainty of the future financial benefits anticipated
from the investment. Investment management is a concise, yet
comprehensive introduction to investment analysis and portfolio management,
specifically in the South African context.
Investment management provides a broad framework and a thorough network of guidelines for the investment management student. It focuses on investment in financial assets such as shares and bonds, and explains both fundamental and technical analysis. It investigates portfolio management and how derivative instruments such as futures, options and swaps may be used for this purpose. A chapter is devoted to the foreign exchange market and its management, and a new chapter dealing with the governance of investment management has been added. With self-assessment questions at the end of each chapter, it prepares undergraduates for postgraduate study and is written with the Chartered Financial Analyst (CFA®) Level I learning outcomes in mind.
Investment
management is aimed at undergraduate investment management students.
Johan Marx
(editor) is a professor in financial and investment management at the
University of South Africa (Unisa). He is the author of five financial
management publications, and has presented and published numerous articles. He
has a keen interest in financial markets.
Johan de Beer lectured at Unisa
before joining the University of Pretoria as a senior lecturer in investments
and derivatives. He has since immigrated to Canada. He is a CFA® charter holder
and completed his MCom on the topic of single stock futures. His particular field
of interest is derivatives and technical analysis.
Raphael Mpofu is a professor
and the deputy executive dean of the College of Economic and Management
Sciences at Unisa. His research interests include financing small businesses
and personal investments in emerging market economies.
Henry Mynhardt is Head of the
School of Business and Economics at Southern Business School (SBS). He has vast
experience in securities trading and has a keen interest in fixed interest
securities as well as corporate governance, risk and compliance management.
PART
1 The investment background
Chapter 1 The
investment setting
Chapter 2
Organisation and functioning of securities markets
Chapter 3
Investment theory
Chapter 4 The
time value of money
Chapter 5
Valuation principles and practices
Chapter 6
Fundamental analysis
PART
2 Equity analysis
Chapter 7
Industry analysis
Chapter 8 Company
analysis
Chapter 9 Company
valuation
Chapter 10
Technical analysis
PART
3 The analysis of bonds
Chapter 11 Bond fundamentals
Chapter 12 Valuation
of bonds
PART
4 Portfolio management
Chapter 13
Portfolio management
Chapter 14 An
introduction to derivative instruments
Chapter 15
Evaluation of portfolio management
PART
5 Foreign exchange
Chapter 16
Foreign exchange management
Chapter 17 The
role of corporate governance in shareholder protection
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