If MAGA ultimately helps everyone break their dependency on the US consumer, the rest of the world will have much to thank Trump for. The only losers will be ordinary Americans.
According to the latest generation of behavioural finance theory, individuals seek life wellbeing (underpinned by financial wellbeing) which additionally incorporates non-financial factors.
At current valuations, high quality core bonds offer attractive yields relative to cash, as well as the prospect of higher and less volatile returns than equities over the next five years.
As inflation has re-emerged, interest rates have risen and asset prices have levelled off and even declined, a withdrawal of capital from commercial real estate lending markets is creating a new opportunity to be greedy when others are fearful.
The multi-asset, multi-manager approach to investing is fundamentally about diversification to control risk including volatility, but also the risk that's most important to clients which is the risk of not meeting the end objective.
Led by behavioural finance expert, Herman Brodie, the Behavioural Finance - Investment Decision-Making course will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.
Private debt has grown in popularity as an alternative source of debt financing, with the asset class tripling in size since 2008. This self-paced, two-hour online short course equips you with the expertise to navigate private debt investment confidently across diverse market conditions.
After withdrawing the US from the Paris climate agreement and the WHO, President Trump may pull the country out the International Monetary Fund and the World Bank. But a withdrawal would primarily harm the US.
Extraordinary and interrelated developments are unfolding in politics, geopolitics and deep tech innovation. Trump's disruptive approach has enormous implications for global markets.
The new US administration could upend assumptions about global growth and markets for years to come. Investors need to prepare portfolios now for a new investing era.
The US (and soon rest of world) hasn't seen this much demand for power since World War 2. While this introduces investment possibilities for many segments, listed infrastructure is disproportionately well-placed to fill this gap.
Traditional asset allocation is insufficient for addressing investors' real-world needs. A more dynamic approach to portfolio construction is needed, incorporating risk factor diversification to account for tail risks, and objectives-based investing.
While America's AI industry arguably needed shaking up, the news of a Chinese startup beating Big Tech at its own game raises some difficult questions.
Near- and medium-term gaps in current market narratives and perceptions lead to a simple conclusion. It is time for caution. As an "unconstrained" investor with no one to answer to but myself, my experience suggests three courses of action.
The 2024 US election result could potentially upend assumptions about global growth and markets in the years ahead. The next four years could be Volatility, Uncertainty, Complexity and Ambiguity (VUCA) on steroids!
With monetary policy easing set to provide an additional tailwind for smaller companies, now is the time for practitioners to consider increasing global small caps exposure in portfolios.
The things that make people, people, are also the things that bind our portfolio construction methods together. We are impacted not only by our biases in behaviour, but also by the biases we hold that we're not even aware we hold.
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Led by behavioural finance expert, Herman Brodie, the Behavioural Finance - Investment Decision-Making course will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.