Derivatives

Condition: BRAND NEW ISBN: 9781119850571 Author(s): CFA Institute Format: Hardcover Year: 2022 Edition: 2nd Publisher: John Wiley & Sons Inc Pages: 896 Series: CFA Institute Investment Series

Description: The complete guide to derivatives, from experts working with CFA Institute DerivativesA‚ is the definitive guide to derivatives and derivative markets. Written by experts working with CFA Institute, this book is an authoritative reference for students and investment professionals interested in the role of derivatives within comprehensive portfolio management. General discussion of the types of derivatives and their characteristics gives way to detailed examination of each market and its contracts, including forwards, futures, options, and swaps, followed by a look at credit derivative markets and their instruments. The companion workbook (sold separately) provides problems and solutions that align with the text and allows students to test their understanding while facilitating deeper internalization of the material. Derivatives have become essential for effective financial risk management and for creating synthetic exposure to asset classes. This book builds a conceptual framework for grasping derivative fundamentals, with systematic coverage and thorough explanations. Readers will: Understand the different types of derivatives and their characteristicsDelve into the various markets and their associated contractsExamine the role of derivatives in portfolio managementLearn why derivatives are increasingly fundamental to risk management CFA Institute is the world's premier association for investment professionals, and the governing body for CFAA‚® Program, CIPMA‚® Program, CFA Institute ESG Investing Certificate, and Investment FoundationsA‚® Program. Those seeking a deeper understanding of the markets, mechanisms, and use of derivatives will value the level of expertise CFA Institute brings to the discussion, providing a clear, comprehensive resource for students and professio