| Description of Credit Union Investment Management |
Credit Union Investment Management provides an in–depth examination of the methods executives use to achieve investment objectives and maximize returns on invested capital, while measuring and minimizing risk. Complete coverage includes: detailed features of investment vehicles, yield measures and their limitations, total return analysis, and stress testing.
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| Contents of Credit Union Investment Management |
1. Introduction
2. Features of Investment Vehicles
3. Money Market Instruments
4. Bonds and Other Non-Mortgage-Related Products
5. Mortgage Passthrough Securities
6. Collateralized Mortgage Obligations
7. Prepayment Models and CMO Testing
8. Valuation of Fixed Income Securities
9. Yield Measures and Their Limitations
10. Measuring Interest Rate Risk
11. Total Return Analysis and Stress Testing
12. Overview of Investment Strategies
Appendix: Time Value of Money |
| About Frank J. Fabozzi CFA and Mark B. Wickard |
Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University′s School of Management.
Mark Wickard is Senior Vice President (Investments) at PaineWebber Credit Union Services Group. |