An investor′s guide to understanding and using financial instruments The Handbook of Financial Instruments provides comprehensive coverage of a broad range of financial instruments, including equities, bonds (asset–backed and mortgage–backed securities), derivatives (equity and fixed income), insurance investment products, mutual funds, alternative investments (hedge funds and private equity), and exchange traded funds. The Handbook of Financial Instruments explores the basic features of each instrument introduced, explains their risk characteristics, and examines the markets in which they trade. Written by experts in their respective fields, this book arms individual investors and institutional investors alike with the knowledge to choose and effectively use any financial instrument available in the market today. John Wiley & Sons, Inc. is proud to be the publisher of the esteemed Frank J. Fabozzi Series . Comprising nearly 100 titles–which include numerous bestsellers— The Frank J. Fabozzi Series is a key resource for finance professionals and academics, strategists and students, and investors. The series is overseen by its eponymous editor, whose expert instruction and presentation of new ideas have been at the forefront of financial publishing for over twenty years. His successful career has provided him with the knowledge, insight, and advice that has led to this comprehensive series. Frank J. Fabozzi , PhD, CFA, CPA, is Editor of the Journal of Portfolio Management , which is read by thousands of institutional investors, as well as editor or author of over 100 books on finance for the professional and academic markets. Currently, Dr. Fabozzi is an adjunct Professor of Finance at Yale University′s School of Management and on the board of directors of the Guardian Life family of funds and the Black Rock complex of funds.

弗兰克·J.法博齐是法国北方高等商学院（EDHEC）金融学教授，EDHEC风险研究所高级科学顾问，自1984以来一直担任《投资组合管理杂志》的编辑。持有CFA和CPA，为贝莱德封闭式基金和股权流动性基金的受托人；CFA协会2007 年C. Stewart Sheppard奖得主和CFA协会2015年James R. Vertin奖得主。法博齐于2002年11月入选固定收益分析师协会名人堂。曾任职于耶鲁大学、麻省理工学院和普林斯顿大学。作为众多资产管理方面书籍的作者和编辑，他获有纽约城市学院经济学学士学位和硕士学位以及纽约城市大学研究生院经济学博士学位。