FinancialInstrumentsandMarkets.ppt

TopicΠ Financial Instruments Global Investment Choices Fixed Income Investments Money Market Instruments Fixed Income Securities─Capital Market Fixed Income Securities─Capital Market Fixed Income Securities─Capital Market Equity Securities American Depository Receipts Derivative Securities Derivatives: Options Derivatives: Futures Managed Investments Historic Return and Risk Return/Risk: Characteristics Return/Risk: focuses Summarizing the Historic Data World Portfolio Performance Financial Markets and Market Structures Types of markets Characteristics of A Good Market Primary Capital Markets Primary Markets:Common Stock Rule 415: Shelf Regis tration Private Placements and Rule 144A Primary Markets:Government Bond Primary Markets: Corporate Bond Secondary Markets Secondary Bond Markets Secondary Market Trading Systems Call Versus Continuous Markets Exchange Membership Major Types of Orders Margin Trading :Example I Margin Trading :Example II Short Sales : Example I Short Sales : Example II 擔保維持率 Changes in the Securities Markets New Trading Systems Global Market Changes I Global Market Changes II Future Developments SECURITY MARKET INDICATOR SERIES What is an indicator series? Uses of Security Market Index Factors in Constructing Market Indicator Series Stock-Market Indicator Series DIJA: Computation Value Weighted Series 台灣發行量加權股價指數 Taiwan TAIEX : Example Unweighted Price Indicator Series Unweighed Index:Example Value Line Index Style Indexes Global Equity Indexes Comparison of World Stock Indexes Bond-Market Indicator Series Difficulties in Creating a Bond-Market Index Bond Market Index Series Comparison of Indexes Over Time Stock Split If Stock A splits 2:1 on 4/1 51 50 C 37 35 B $20 $ A 4/2 4/1 Stocks Prices ? Price #shares A $40 $20 100 200 B 35 37 100 100 C 50 51 100 100 Stock 4/1 4/2 4/1 4/2 Price A $40 $20 B $35 $37 C $50 $51 Stock 4/1 4/2 Measure the performance of various investment sty