Investments: 2026 Release ISE

Part I: Introduction<br />1. The Investment Environment<br />2. Asset Classes and Financial Instruments<br />3. How Securities Are Traded<br />4. Mutual Funds and Other Investment Companies<br /><br /><br />Part II: Portfolio Theory and Practice<br />5. Risk, Return, and the Historical Record<br />6. Capital Allocation to Risky Assets<br />7. Efficient Diversification<br />8. Index Models<br /><br /><br />Part III: Equilibrium in Capital Markets<br />9. The Capital Asset Pricing Model<br />10. Arbitrage Pricing Theory and Multifactor Models of Risk and Return<br />11. The Efficient Market Hypothesis<br />12. Behavioral Finance and Technical Analysis<br />13. Empirical Evidence on Security Returns<br /><br /><br />Part IV: Fixed-Income Securities<br />14. Bond Prices and Yields<br />15. The Term Structure of Interest Rates<br />16. Managing Bond Portfolios<br /><br /><br />Part V: Security Analysis<br />17. Macroeconomic and Industry Analysis<br />18. Equity Valuation Models<br />19. Financial Statement Analysis<br /><br /><br />Part VI: Options, Futures, and Other Derivatives<br />20. Options Markets: Introduction<br />21. Option Valuation<br />22. Futures Markets<br />23. Futures, Swaps, and Risk Management<br /><br /><br />Part VII: Applied Portfolio Management<br />24. Portfolio Performance Evaluation<br />25. International Diversification<br />26. Alternative Assets<br />27. The Theory of Active Portfolio Management<br />28. Investment Policy and the Framework of the CFA Institute<br /><br /><br />References to CFA Problems<br /><br /><br />