Investment Analysis and Portfolio Management, Cengage International Edition, 12th Edition by Frank K. Reilly, Keith C. Brown, and Sanford J. Leeds provides a comprehensive introduction to modern investment management by combining financial theory with practical applications. The book covers investment instruments, asset allocation, securities markets, market indexes, efficient markets, behavioral finance, portfolio management, asset pricing models, equity valuation, fundamental analysis, bond valuation, derivatives, futures, swaps, options, alternative investments, professional portfolio management, and performance evaluation. This edition also expands its international perspective and discusses the impact of technology, regulation, and ESG considerations on global financial markets. Real-world examples and applied exercises help finance and investment students understand how professional investors analyze securities, construct portfolios, manage risk, and evaluate investment performance.