Part I. Introduction

Chapter 1: The Investment Environment
Chapter 2: Asset Classes and Financial Instruments
Chapter 3: How Securities Are Traded
Chapter 4: Mutual Funds and Other Investment Companies

Part II. Portfolio Theory and Practice

Chapter 5: Risk, Return, and the Historical Record
Chapter 6: Capital Allocation to Risky Assets
Chapter 7: Optimal Risky Portfolios
Chapter 8: Index Models

Part III. Equilibrium in Capital Markets

Chapter 9: The Capital Asset Pricing Model
Chapter 10: Arbitrage Pricing Theory and Multifactor Models of Risk and Return
Chapter 11: The Efficient Market Hypothesis
Chapter 12: Behavioral Finance and Technical Analysis
Chapter 13: Empirical Evidence on Security Returns

Part IV. Fixed-Income Securities

Chapter 14: Bond Prices and Yields
Chapter 15: The Term Structure of Interest Rates
Chapter 16: Managing Bond Portfolios

Part V. Security Analysis

Chapter 17: Macroeconomic and Industry Analysis
Chapter 18: Equity Valuation Models
Chapter 19: Financial Statement Analysis

Part VI. Options, Futures, and Other Derivatives

Chapter 20: Options Markets: Introduction
Chapter 21: Option Valuation
Chapter 22: Futures Markets
Chapter 23: Futures, Swaps, and Risk Management

Part VII. Applied Portfolio Management

Chapter 24: Portfolio Performance Evaluation
Chapter 25: International Diversification
Chapter 26: Hedge Funds
Chapter 27: The Theory of Active Portfolio Management
Chapter 28: Investment Policy and the Framework of the CFA Institute

Appendix References to CFA Questions
Glossary