For the students of Management, Commerce, Professional Course of CA, CS, ICWA and Professionals of Financial Institutions. • Thirteen chapters on current major areas have been added to provide exhaustive coverage on recent changes in the world financial markets and the changing compositions of the portfolios.

Fundamentals of Investment Management 7/e by Hirt and Block establishes the appropriate theoretical base of investments, while at the same time applying this theory to real-world examples. The textbook provides students with a survey of the important areas of investments: valuation, the marketplace, fixed income instruments and markets, equity instruments and markets, derivative instruments, and a cross-section of special topics, such as international markets and mutual funds.

Investment management refers to the professional asset management of various securities such as shares and bonds as well as other assets like real estate. It aims to meet the specified investment goals for benefitting the investors. Institutions such as insurance companies, pension funds, corporations and charities can be investors. People who invest directly or through investment contracts and through collective investment schemes are termed as private investors. The investment management of investment funds is referred to as asset management or fund management. Some of the major areas of focus within this field are asset allocation, diversification and long-term returns. This textbook attempts to understand the multiple branches that fall under the discipline of investment management and how such concepts have practical applications. It explores all the important aspects of this field in the present day scenario. This book will provide comprehensive knowledge to the readers.