Monitoring a
Table of Contents
PART I Learning Outcomes, Summary Overview, and Problems
CHAPTER 1 The Portfolio Management Process and the Investment Policy Statement 3
Learning Outcomes 4
Summary Overview 4
Problems 6
CHAPTER 2 Managing Individual Investor Portfolios 12
Learning Outcomes 12
Summary Overview 13
Problems 15
CHAPTER 3 Managing Institutional Investor Portfolios 25
Learning Outcomes 25
Summary Overview 26
Problems 28
CHAPTER 4 CapitalMarket Expectations 35
Learning Outcomes 35
Summary Overview 36
Problems 38
CHAPTER 5 Asset Allocation 47
Learning Outcomes 47
Summary Overview 48
Problems 50
CHAPTER 6 Fixed-Income Portfolio Management 60
Learning Outcomes 60
Summary Overview 61
Problems 64
CHAPTER 7 Equity Portfolio Management 69
Learning Outcomes 69
Summary Overview 70
Problems 72
CHAPTER 8 Alternative Investments Portfolio Management 76
Learning Outcomes 77
Summary Overview 78
Problems 79
CHAPTER 9 Risk Management 86
Learning Outcomes 86
Summary Overview 87
Problems 89
CHAPTER 10 Execution of Portfolio Decisions 95
Learning Outcomes 95
Summary Overview 96
Problems 97
CHAPTER 11 Monitoring and Rebalancing 102
Learning Outcomes 102
Summary Overview 103
Problems 104
CHAPTER 12 Evaluating Portfolio Performance 112
Learning Outcomes 112
Summary Overview 113
Problems 116
CHAPTER 13 Global Investment Performance Standards 121
Learning Outcomes 121
Summary Overview 122
Problems 125
PART II Solutions
CHAPTER 1 The Portfolio Management Process and the Investment Policy Statement 135
Solutions 135
CHAPTER 2 Managing Individual Investor Portfolios 140
Solutions 140
CHAPTER 3 Managing Institutional Investor Portfolios 152
Solutions 152
CHAPTER 4 Capital Market Expectations 160
Solutions 160
CHAPTER 5 Asset Allocation 170
Solutions 170
CHAPTER 6 Fixed-Income Portfolio Management 177
Solutions 177
CHAPTER 7 Equity Portfolio Management 183
Solutions 183
CHAPTER 8 Alternative Investments Portfolio Management 186
Solutions 186
CHAPTER 9 Risk Management 194
Solutions 194
CHAPTER 10 Execution of Portfolio Decisions 199
Solutions 199
CHAPTER 11 Monitoring and Rebalancing 205
Solutions 205
CHAPTER 12 Evaluating Portfolio Performance 210
Solutions 210
CHAPTER 13 Global Investment Performance Standards 218
Solutions 218
About the CFA Program 231
