The Handbook of Financial InstrumentsFrank J. Fabozzi An investor's guide to understanding and using financial instruments The Handbook of Financial Instruments provides comprehensive coverage of a broad range of financial instruments, including equities, bonds (asset-backed and mortgage-backed securities), derivatives (equity and fixed income), insurance investment products, mutual funds, alternative investments (hedge funds and private equity), and exchange traded funds. The Handbook of Financial Instruments explores the basic features of each instrument introduced, explains their risk characteristics, and examines the markets in which they trade. Written by experts in their respective fields, this book arms individual investors and institutional investors alike with the knowledge to choose and effectively use any financial instrument available in the market today. John Wiley & Sons, Inc. is proud to be the publisher of the esteemed Frank J. Fabozzi Series. Comprising nearly 100 titles-which include numerous bestsellers—The Frank J. Fabozzi Series is a key resource for finance professionals and academics, strategists and students, and investors. The series is overseen by its eponymous editor, whose expert instruction and presentation of new ideas have been at the forefront of financial publishing for over twenty years. His successful career has provided him with the knowledge, insight, and advice that has led to this comprehensive series. Frank J. Fabozzi, PhD, CFA, CPA, is Editor of the Journal of Portfolio Management, which is read by thousands of institutional investors, as well as editor or author of over 100 books on finance for the professional and academic markets. Currently, Dr. Fabozzi is an adjunct Professor of Finance at Yale University's School of Management and on the board of directors of the Guardian Life family of funds and the Black Rock complex of funds. |
Contents
CHAPTER 1 Overview of Financial Instruments | 1 |
CHAPTER 2 Fundamentals of Investing | 15 |
CHAPTER 3 Calculating Investment Returns | 35 |
CHAPTER 4 Common Stock | 67 |
CHAPTER 5 Sources of Information for Investing in Common Stock | 119 |
CHAPTER 6 Money Market Instruments | 143 |
CHAPTER 7 US Treasury Securities | 185 |
CHAPTER 8 InflationIndexed Bonds | 203 |
CHAPTER 18 Credit Card ABS | 449 |
CHAPTER 19 Leveraged Loans | 469 |
CHAPTER 20 Collateralized Debt Obligations | 483 |
CHAPTER 21 Investment Companies | 503 |
CHAPTER 22 ExchangeTraded Funds and Their Competitors | 531 |
CHAPTER 23 StableValue Pension Investments | 555 |
CHAPTER 24 InvestmentOriented Life Insurance | 573 |
CHAPTER 25 Hedge Funds | 605 |
CHAPTER 9 Federal Agency Securities | 215 |
CHAPTER 10 Municipal Securities | 229 |
CHAPTER 11 Corporate Bonds | 251 |
CHAPTER 12 Preferred Stock | 283 |
CHAPTER 13 Emerging Markets Debt | 297 |
CHAPTER 14 Agency MortgageBacked Securities | 331 |
CHAPTER 15 Nonagency MBS and Real EstateBacked ABS | 367 |
CHAPTER 16 Commercial MortgageBacked Securities | 399 |
CHAPTER 17 NonReal Estate AssetBacked Securities | 423 |



