Investments: Analysis and Management, 12th Edition

Index

A

Abnormal return, 328

Accrued interest, 29

Active management strategies, 304–314, 483–487

market timing, 312–314

rational markets and, 314–315

sector rotation, 310–312, See also individual entry

security selection, 304–310, See also individual entry

yield spread analysis, 485–486

Advance-decline line (breadth of the market), 437

After-hours trading, 96

Aggressive investors, 477

Allocationally efficient market, 87

Alpha relationship, 244, 603–606

Jensen's, 603–606

Alternatives, investment, 21–51, See also Derivative securities; Equity securities

capital market securities, 27–28

financial assets, organizing, 22–24

fixed-income securities, 28–39, See also individual entry

global perspective, 23–24

money market securities, 25–27

American Association of Individual Investors (AAII), 114

American Depository Receipts (ADRs), 44

Anticipatory hedge, 557

Applegate, Evan, 476n1

Arbitrage pricing theory (APT), 249–253

assumptions of, 250

factor models, 250–251

in investment decisions, 253

law of one price, 249

n-factor model, 251

Arbitrageurs, 522

Arbitration, 124

Archer, Stephen, 223n14

Arithmetic mean, 149–150

versus geometric mean, 151–153

Arnott, Robert D., 584n8

Asset allocation, 212, 216–221, 580

decision, 210–216

and index mutual funds, 220

and the individual investor, 216–221

life-cycle theory of asset allocation, 581

limitations on, 219

strategic asset allocation, 580n7

using stocks and bonds, 216–219

Asset-backed securities (ABS), 37–38

securitization, 37

Asset classes, See ...