Portfolio Management in Practice, Volume 3

The Equity Portfolio Management Workbook provides learners with real-world problems based on key concepts explored in Portfolio Management in Practice, Volume 3: Equity Portfolio Management. Part of the reputable CFA Institute Investment Series, the workbook is designed to further students’ and professionals’ hands-on experience with a variety of Learning Outcomes, Summary Overview sections, and challenging exercises and solutions. Created with modern perspective, the workbook presents the necessary tools for understanding equity portfolio management and applying it in the workplace. This essential companion resource mirrors the main text, making it easy for readers to follow. Inside, users will find information and exercises about: The difference between passive and active equity strategies Market efficiency underpinnings of passive equity strategies Active equity strategies and constructing portfolios to reflect active strategies Technical analysis as an additional consideration in executing active equity strategies While the Equity Portfolio Management volume and its companion workbook can be used in conjunction with the other volumes in the series, the pair also functions well as a standalone focus on equity investing. With each contributor bringing his own unique experiences and perspectives to the portfolio management process, the Equity Portfolio Management Workbook distills the knowledge, skills, and abilities readers need to succeed in today’s fast-paced financial world.

Part I Learning Objectives, Summary Overview, and Problems 1 Chapter 1 Overview of Equity Securities 3 Learning Outcomes 3 Summary 3 Practice Problems 5 Chapter 2 Market Efficiency 9 Learning Outcomes 9 Summary 9 Practice Problems 10 Chapter 3 Overview of Equity Portfolio Management 15 Learning Outcomes 15 Summary 15 Practice Problem 16 Chapter 4 Passive Equity Investing 19 Learning Outcomes 19 Summary 19 Practice Problems 21 Chapter 5 Analysis of Active Portfolio Management 27 Learning Outcomes 27 Summary 27 Practice Problems 29 Chapter 6 Active Equity Investing: Strategies 39 Learning Outcomes 39 Summary 39 Practice Problems 41 Chapter 7 Active Equity Investing: Portfolio Construction 47 Learning Outcomes 47 Summary 47 Practice Problems 50 Chapter 8 Technical Analysis 55 Learning Outcomes 55 Summary 55 Practice Problems 58 Part II Solutions 65 Chapter 1 Overview of Equity Securities 67 Solutions 67 Chapter 2 Market Efficiency 69 Solutions 69 Chapter 3 Overview of Equity Portfolio Management 73 Solutions 73 Chapter 4 Passive Equity Investing 77 Solutions 77 Chapter 5 Analysis of Active Portfolio Management 81 Solutions 81 Chapter 6 Active Equity Investing: Strategies 89 Solutions 89 Chapter 7 Active Equity Investing: Portfolio Construction 95 Solutions 95 Chapter 8 Technical Analysis 101 Solutions 101 About the CFA Program 107