{"product_id":"portfolio-theory-and-management-9780199829699","title":"Portfolio Theory and Management","description":"Portfolio management is an ongoing process of constructing portfolios that balances an investor's objectives with the portfolio manager's expectations about the future. This dynamic process provides the payoff for investors. Portfolio management evaluates individual assets or investments by\u003cbr\u003etheir contribution to the risk and return of an investor's portfolio rather than in isolation. This is called the portfolio perspective. Thus, by constructing a diversified portfolio, a portfolio manager can reduce risk for a given level of expected return, compared to investing in an individual\u003cbr\u003easset or security. According to modern portfolio theory (MPT), investors who do not follow a portfolio perspective bear risk that is not rewarded with greater expected return. Portfolio diversification works best when financial markets are operating normally compared to periods of market turmoil\u003cbr\u003esuch as the 2007-2008 financial crisis. During periods of turmoil, correlations tend to increase thus reducing the benefits of diversification. \u003cp\u003e\u003c\/p\u003ePortfolio management today emerges as a dynamic process, which continues to evolve at a rapid pace. The purpose of Portfolio Theory and Management is to take readers from the foundations of portfolio management with the contributions of financial pioneers up to the latest trends emerging within the\u003cbr\u003econtext of special topics. The book includes discussions of portfolio theory and management both before and after the 2007-2008 financial crisis. This volume provides a critical reflection of what worked and what did not work viewed from the perspective of the recent financial crisis. Further, the\u003cbr\u003ebook is not restricted to the U.S. market but takes a more global focus by highlighting cross-country differences and practices. \u003cp\u003e\u003c\/p\u003eThis 30-chapter book consists of seven sections. These chapters are: (1) portfolio theory and asset pricing, (2) the investment policy statement and fiduciary duties, (3) asset allocation and portfolio construction, (4) risk management, (V) portfolio execution, monitoring, and rebalancing, (6)\u003cbr\u003eevaluating and reporting portfolio performance, and (7) special topics.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e H. Kent Baker\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/04\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 816\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 3.09lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 1.94d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780199829699\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eH. Kent Baker\u003c\/strong\u003e is Professor of Finance and Kogod Research Professor, American University \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cstrong\u003eGreg Filbeck\u003c\/strong\u003e is Samuel P. Black III Professor of Insurance and Risk Management, Pennsylvania State University\u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Hardcover","offer_id":39937662091379,"sku":"9.7802E+12","price":150.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_f14b4c00-23c2-43d6-9c07-3423bd2b048f.jpg?v=1647995225","url":"https:\/\/bookstorenmore.com\/products\/portfolio-theory-and-management-9780199829699","provider":"Bookstore N More","version":"1.0","type":"link"}