Concepts of investment and capital investments . Issues of assessing the effectiveness of investment projects are covered. Instruments of the securities market, sources of financing of capital investments, bases of formation of the investment portfolio and management of it are considered. Substantial attention is paid to issues that are relevant to the practice (experience in the use of foreign investment, the results of mergers and acquisitions of companies with foreign investment, current trends in the development of international investment) . In order to better assimilate the material, questions for self-control, tests and the necessary literature are given . Conforms to the GEF of the latest generation. For students, postgraduates, university teachers, students of the system of professional retraining of personnel studying the modern economy, including students on bachelor's (master's) programs, as well as accountants, economists and managers of organizations, financiers .