Shareholders? Who needs them?

The former head of the Australian Stock Exchange recommends that dividend imputation should be abolished?

Tim Farrelly 1 commentMore

Whither the Chinese consumer?

For most of the past decade, the growing spending power of China’s expanding middle class has fueled the global economy. Not so anymore.

Jim O'Neill More

Reflections on the yield curve: Is this time different?

Yes, it’s possible that we enter a recession in the not too distant future. But the best curve to forecast recessions still has a positive slope.

Payden & Rygel More

Data analytics offers little insight on complex problems

Machine learning algorithms are no match for the human brain when it comes to deciding how investment portfolios should be constructed.

Peter Bossaerts0.25 CE More

ESG integration is mission critical

As disruption transforms global economies, and markets become ever more efficient, effectively integrating material ESG factors will help build robust and resilient portfolios.

Michael Cantara0.50 CE More

Risks to the global economy in 2019

Over the course of this year and next, the biggest economic risks will emerge in those areas where investors think recent patterns are unlikely to change.

Kenneth Rogoff More

The volatility of profit margins

Cyclical volatility in earnings has increased dramatically since the 1980s. The recent Apple profit warning is an excellent case in point.

Robert Gay More

Is 2019 the year the bubble bursts?

We see three scenarios for 2019 - is it a benign outlook like 2016? A bubble bursting like 2000? Or will inflation accelerate?

Brett Gillespie More

Cyber conflict is a threat (to future-proof portfolios)

In the cyber world today, we are somewhere around World War I. There are more than 30 nations with effective cyber forces. Practitioners need to understand the threat cyber weapons pose to markets and investments.

David Sanger1.00 CE More

Managing currency exposures

Australian investors have a different perspective on foreign currency to investors elsewhere in the world, and this should be reflected in how local portfolios are built.

State Street Global Advisors1.00 CE More

Overestimating the EU economy

If the EU were a soccer team, it would not lose games for lack of a plan or inadequate capacity. The problem is that the team is not playing cohesively, and the top players are struggling individually.

Mohamed El-Erian More

China will be a high-tech global power within two decades

The People's Republic of China (PRC) invests heavily in high technology research. While the world will certainly benefit from the PRC's technological ambition, it also has challenging implications.

Linda Jakobson0.25 CE More

Investment risk has nothing to do with benchmarks

To future-proof portfolios, investors looking to maximise returns should regard risk simply as the risk of losing money and in turn, best manage this risk by taking a long-term time horizon.

David Gait0.50 CE More

Research Review: The Donald's impact on markets; Robo-advice & investor behaviour

A recent research paper looks at the impact of "The Donald" on markets, while a second examines the impact of robo-advice on investor behaviour.

Ron Bird1.00 CE More

Earnings yield as an estimate for expected returns

This paper studies the long-term returns of US equities to determine whether earnings yield is a reasonably reliable estimate of forward real returns. Understanding the interplay of growth, value and yield provides a framework for assessing investments.

Douglas Isles More

What exactly is a balanced fund?

Investors are entitled to believe that the industry has standards so that they can compare like with like - but obviously that's not the case.

Tim Farrelly 2 commentsMore

Silent inflation

An inflation target of a few percentage points may seem to promote stability - but we need to consider that it may have the opposite effect on the stability of our judgments.

Robert J. Shiller More

Are markets efficient?

This view has dominated finance theory for the last 50 years or so. But prices change because people trade, and those trades leave behind a trace of all the behavioural biases people bring.

Jean-Philippe Bouchaud1.00 CE More

Good governance is a strong amplifier of small cap performance

Many of Australia's small companies are potential future leaders. A sharp focus on corporate governance can help identify those high quality, sustainable businesses that can last the distance.

Michelle Lopez0.50 CE 1 commentMore

ABS are now more "Moneyball" than "Big Short"

Global Asset Back Securities were directly tested and survived the challenges of 2008. In this rising rate environment, they are well placed to help "future-proof" portfolios.

Richard Quin0.25 CE More

Forum Fodder 01 Feb 2019

Our regular Forum Fodder email alerts Members to what's new with our blended live and online continuing education, accreditation and certification programs.

Graham Rich More