Survey & Synthesis Series

The FMA Survey and Synthesis Series is a collection of monograph-type books that address timely issues from both academic and practitioner viewpoints providing concise information on a diverse set of topics (e.g. Asset Management, Behavioral Finance, Consumer Credit and Mortgage Valuation Models).

The series is currently edited by an advisory board led by Editor Laura Starks and published by Oxford University Press.

FMA members receive a 35% discount on Series' titles by logging into the members-only section of the website. Not a member? Join FMA today.

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Recently Published Books

asset pricingAsset Pricing and Portfolio Choice Theory (Second Edition) by Kerry E. Back (September 2016)

  • Comprehensively written introduction for students to asset pricing and portfolio choice theory
  • Contains detailed proofs and includes extensive exercises and a solutions manual for instructors
  • Covers all related topics, including classical results on single-period, discrete-time, and continuous-time models; the equity premium; risk-free rate puzzles; heterogeneous beliefs; asymmetric information; non-expected utility preferences; and production models
  • Each chapter has been extensively revised and updated - New to this edition!

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Exchange-Traded Funds and the New Dynamics of Investing by Ananth N. Madhavan (July 2016)

  • Features the first academic treatment of ETFs and passive index investing
  • Makes several controversial claims, including the argument that ETFs are a disruptive innovation
  • Stems from the author's academic background and industry experience
  • Explores an important and under-studied area of finance; ETFs are the fastest growing segment in the mutual fund industry

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Cracking the Emerging Markets Enigma by G. Andrew Karolyi (June 2015)

Emerging markets expert Andrew Karolyi outlines a practical strategy and a numerical scoring system for evaluating the opportunities and-more importantly-the risks of investing in emerging markets. Karolyi's proposed system evaluates multiple dimensions of the potential risks faced by prospective investors. These categories of risk reflect the uneven quality or fragility of the various institutions designed to assure integrity in capital markets-political stability, corporate opacity, limits placed on foreign investors, and more.

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