CHAPTER 2
Asset Classes, Alternative Investments, Investment Companies, and Exchange-Traded Funds
Mark J. P. Anson, Ph.D., JD, CPA, CFA, CAIA Chief Investment Officer and Managing Partner Oak Hill Investments
 
Frank J. Fabozzi, Ph.D., CFA, CPA Professor in the Practice of Finance Yale School of Management
 
Frank J. Jones, Ph.D. Professor, Accounting and Finance Department San Jose State University
 
 
 
 
 
In this chapter, we provide an overview of asset classes and then describe the various financial products available to investment managers. Because the focus is on the two major asset classes, common stock and bonds, in this book, we do not discuss them in any in any detail here. Instead, we provide an overview of alternatives asset classes and two important financial products that can be used to obtain exposure to all asset classes, regulated investment companies and exchange-traded funds.

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