Log In
Or create an account ->
Imperial Library
Home
About
News
Upload
Forum
Help
Login/SignUp
Index
Praise
Other titles from BLOOMBERG PRESS
Title Page
Copyright Page
Dedication
List of Tables
Acknowledgements
Introduction
A TRAVEL GUIDE TO ALTERNATIVE INVESTMENTS
MODERN PORTFOLIO THEORY
THE GOOD, THE FLAWED, THE BAD, AND THE UGLY
PART 1 - The Good
Chapter 1 - Real Estate
HISTORICAL RETURNS AND RISK: U.S. REAL ESTATE, U.S. EQUITIES, AND INTERNATIONAL EQUITIES
THE DIVERSIFICATION BENEFITS OF REITS
ASSET LOCATION AND REAL ESTATE
RECOMMENDED INVESTMENT VEHICLES
INTERNATIONAL REAL ESTATE
YOUR HOME AND THE ASSET ALLOCATION DECISION
SUMMARY
Chapter 2 - Inflation-Protected Securities
REAL OR NOMINAL RETURN BONDS: WHICH ARE RISKIER?
TIPS: DOING THE MATH
CORRELATIONS WITH EQUITIES AND INFLATION
INFLATION, PRICE, AND INTEREST RATE RISK
TIPS: PROS AND CONS
ALLOCATING BETWEEN REAL AND NOMINAL RETURN FIXED-INCOME ASSETS
A SHIFTING ALLOCATION APPROACH
A SHIFTING MATURITY STRATEGY
I BONDS
SUMMARY
Chapter 3 - Commodities
CORRELATION WITH STOCKS, BONDS, AND INFLATION
EVENT RISK
A RISK-REDUCTION TOOL
PORTFOLIO EFFICIENCY
GAINING EXPOSURE TO COMMODITIES
THE ARGUMENT AGAINST INVESTING IN COMMODITY PRODUCERS
IMPLEMENTATION
SUMMARY
Chapter 4 - International Equities
EMERGING MARKET EQUITIES
CORRELATIONS
SAMPLE PORTFOLIOS
THE RISKS OF INVESTING IN EMERGING MARKETS
SMALL-CAP AND VALUE STOCKS
WRAP-UP: EMERGING MARKETS
INTERNATIONAL SMALL-CAP STOCKS
SUMMARY
Chapter 5 - Fixed Annuities
HOW LONG DO PAYMENTS CONTINUE?
DETERMINANTS OF PAYMENT SIZE
THE BENEFITS OF ANNUITIZATION
MORTALITY CREDITS MAKE IT POSSIBLE
WHEN ANNUITIES CAN BE THE RIGHT CHOICE
EVIDENCE FROM ACADEMIA
WHEN TO PURCHASE A FIXED ANNUITY
INFLATION-INDEXED IMMEDIATE ANNUITIES
SUMMARY
Chapter 6 - Stable-Value Funds
UNIQUE RISK AND RETURN CHARACTERISTICS
INVESTMENT PORTFOLIOS
RISKS
COSTS
RESTRICTIONS
RETURNS CHANGE SLOWLY OVER TIME
CASH FLOWS CAN AFFECT RETURNS
SUMMARY
PART 2 - The Flawed
Chapter 7 - High-Yield (Junk) Bonds
EXPLAINING THE LOW CORRELATION
IS HIGHER YIELD WORTH HIGHER RISK?
THE IMPORTANCE OF EQUITY RISK
DO HIGH-YIELD BONDS HAVE A ROLE?
THE NEED FOR DIVERSIFICATION
THE HISTORICAL EVIDENCE
MORE EFFICIENT ALTERNATIVES
SUMMARY
Chapter 8 - Private Equity (Venture Capital)
ORIGINS
THE ATTRACTION
THE HISTORICAL EVIDENCE
CHARACTERISTICS OF PRIVATE EQUITY RETURNS
VENTURE CAPITAL VERSUS PUBLICLY TRADED SECURITIES
PERCEPTION VERSUS REALITY
PRIVATE EQUITY’S ROLE IN A PORTFOLIO
NONMONETARY EXPLANATIONS FOR PRIVATE EQUITY INVESTING
SUMMARY
Chapter 9 - Covered Calls
TAXES MATTER
TRANSACTIONS COSTS
AN ALTERNATIVE STRATEGY
SUMMARY
Chapter 10 - Socially Responsible Mutual Funds
DEFINING SRI
DOES SOCIALLY RESPONSIBLE INVESTING COME AT A PRICE?
SUMMARY
Chapter 11 - Precious Metals Equities
RISK
RETURNS
CORRELATIONS
THE HEDGING VALUE OF PME
POSITIVE ATTRIBUTES OF PME
OTHER CONSIDERATIONS
IMPLEMENTING THE STRATEGY
SUMMARY
Chapter 12 - Preferred Stocks
LONG MATURITIES
CALL RISK
CREDIT RISK
LONG MATURITIES AND CALL RISK
DIVIDEND SUSPENSION
PREFERENTIAL TREATMENT FOR CORPORATE BUYERS
OTHER CONSIDERATIONS
TAX ADVANTAGES
SUMMARY
Chapter 13 - Convertible Bonds
THE REALITIES OF CONVERTIBLE BONDS
CONSIDERATIONS
SHIFTING ASSET ALLOCATION
ASSET LOCATION
COMPLEXITY
SUMMARY
Chapter 14 - Emerging Market Bonds
RISKS
RETURNS
CORRELATIONS
POTENTIAL POSITIVES
ADDITIONAL CONSIDERATIONS
SUMMARY
PART 3 - The Bad
Chapter 15 - Hedge Funds
EXCLUSIVE NATURE
WHY HEDGE FUNDS AREN’T MUTUAL FUNDS
FACTS VERSUS FANTASIES
HEDGE FUND RISKS
WISDOM AND EXPERIENCE, OR HOPE AND HYPE?
LONG-TERM CAPITAL MANAGEMENT
SUMMARY
Chapter 16 - Leveraged Buyouts
SUMMARY
Chapter 17 - Variable Annuities
DEFERRED VARIABLE ANNUITIES
VARIABLE IMMEDIATE ANNUITIES
POSSIBLE REASONS TO BUY A VARIABLE ANNUITY
SUMMARY
PART 4 - The Ugly
Chapter 18 - Equity-Indexed Annuities
CAVEAT EMPTOR
MINIMUMS THAT AREN’T MINIMUMS
PENALTIES FOR EARLY WITHDRAWAL
TAX INEFFICIENCY
SUMMARY
Chapter 19 - Structured Investment Products
MONDO NATIONAL BANK PRINCIPAL PROTECTION NOTES: PRODUCT FEATURES
MORE EFFICIENT ALTERNATIVES
A CLOSER LOOK AT HYPOTHETICAL FRATS
BEING CAREFUL OUT THERE
SUMMARY
Chapter 20 - Leveraged Funds
THE PROOF IS IN THE PUDDING
SUMMARY
Final Thoughts
Notes
Glossary
Recommended Reading
Sources of Data
Index
About the Authors
About Bloomberg
← Prev
Back
Next →
← Prev
Back
Next →