Portfolio Management in Practice, Volume 3

Get hands-on experience in portfolio management with this invaluable workbook set from the experts at the CFA Institute

The Portfolio Management in Practice, Volume 3: Equity Portfolio Management Workbook Set offers students and seasoned professionals essential practice with crucial concepts in the portfolio management process. Created by the financial experts at the CFA Institute, the Workbook Set contains invaluable exercises, learning outcomes, summary overview sections, practice questions, and detailed solutions. You'll get access to the latest tools and information to help you gain confidence in the field of portfolio management.

You'll learn about:

• The difference between passive and active equity investment strategies
• The market efficiency theoretical underpinnings of passive equity strategies
• Using technical analysis as an additional consideration in executing active equity strategies

Perfect for investors, finance professionals, and students of business and investment, the Portfolio Management in Practice, Volume 3: Equity Portfolio Management Workbook Set offers world-class exercises based on real scenarios faced by professionals on a daily basis.

Acknowledgments xiii

About the CFA Institute Investment Series xv

Chapter 1 Overview of Equity Securities 1

Chapter 2 Market Efficiency 35

Chapter 3 Overview of Equity Portfolio Management 67

Chapter 4 Passive Equity Investing 95

Chapter 5 Analysis of Active Portfolio Management 141

Chapter 6 Active Equity Investing: Strategies 197

Chapter 7 Active Equity Investing: Portfolio Construction 271

Chapter 8 Technical Analysis 351

Summary 435 Practice Problems 438 Glossary 445 About the Authors 451 About the CFA Program 453 Index 455

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has more than 155,000 members in 165 countries and territories, including 150,000 CFA® charterholders, and 148 member societies. For more information, visit www.cfainstitute.org.