QE turns 10

November 2018 will mark the tenth anniversary of quantitative easing - undoubtedly the boldest policy experiment in central banking modern history. There are five key lessons learned from QE.

Stephen Roach More

Just how dumb are the bond markets?

If US bond rates go higher from here, it is likely to be in response to something we don't yet know, rather than what is already out there. Markets are not nearly as dumb as many suggest.

Tim Farrelly 1 commentMore

The assumption of unendingly low interest rates is dangerous

Investors should focus more than ever on uncovering sources of idiosyncratic alpha, rather than relying on momentum or passive beta.

Jacob Mitchell0.25 CE More

Passive is not the way to go when investing in Asia

Differences in regulation, politics, and transparency between Asian countries are all factors that cannot be captured by passive investing but which represent opportunities for active investors.

Peter Kim More

Does fixed income still diversify portfolio risk?

Re-evaluate the conventional assumption that owning government bonds is inherently defensive and risk diversifying. At best, it's an expensive choice and at worst, it won't work.

Gopi Karunakaran More

The global economy's uncertain future

The sustainability of global growth depends largely on the US and China. One hopes that someone close to Trump can turn him around before his policies derail the world's long-awaited recovery.

Jim O'Neill More

Why do older Australians save?

A recent study gives us a better understanding into the decisions made by older Australians between consumption and saving.

David Knox More

Licence To Tilt – DAA can overcome lower returns

Historical asset allocation methods will not generate appropriate returns in the period ahead, driving the need to be more dynamic to increase both absolute and risk-adjusted portfolio returns.

Kej Somaia0.25 CE More

Netflix will be the next dominant digital business

Over-the-top streaming will become the dominant form of media consumption, and Netflix will be the dominant global provider. Near-term valuation multiples may ultimately prove cheap.

Nick Griffin More

Bonds are more important than ever

The diversification benefits of bonds increases in a low yield market, and bonds remain one of the best instruments available to investors looking for liability matching as they approach retirement.

Dean Stewart0.25 CE 1 commentMore

Europe: It’s a long way to the top

It is doubtful that "safe" exposures (global consumer giants) will earn investors strong returns from this point – shift gears rather to domestic European exposures.

Nik Dvornak0.25 CE More

Geopolitics to the fore! Do nothing...

There is quite a bit happening on the geopolitical front right now to concern markets. With all this uncertainty, the best thing to do is nothing. Sit tight and enjoy the show.

Tim Farrelly More

Trump may kill the global recovery

For the first time in a decade, the biggest risks are now stagflationary (slower growth and higher inflation). It would seem that the current risk-off era is here to stay.

Nouriel Roubini More

5 essential investment committee tools

An Investment Committee is key to a well-constructed portfolio. Your IC's toolbox must contain the appropriate tools, making governance a key pillar of your portfolio construction process.

Annika Bradley More

We're on the cusp of an EM crash

For 10 years, the world chased yield - flows into emerging markets were massive. As rates rise, money will move to safer environments. It’s time to protect portfolios against major outflows from emerging markets.

Brett Gillespie More

Incorporate tech’s impact in your investment choices

Technological change is advancing with unprecedented speed and scale. The early effects of these technological changes on growth, labour, policy and trade should influence investment choices now.

Patrik Schowitz0.25 CE More

When politics trumps economics

Trump and team continue to flaunt virtually every principle of conventional economics. A trade war may well be an early skirmish in a much tougher battle, during which economics ultimately trumps Trump.

Stephen Roach More

Forum Fodder 03 Aug 2018

This week in Forum Fodder: Stephen Roach - QE turns 10; Tim Farrelly - How dumb are bond markets?; Jacob Mitchell – Interest rate assumptions dangerous; Peter Kim - Passive not the way in Asia; Gopi Karunakaran - Does fixed income diversify

Graham Rich, Publisher, PortfolioConstruction Forum More

Mark your diary

*** 2018 ***
22-23 Aug - Strategies Conference (Syd)
09-12 Sep - IMAC (Syd)
20-21 Sep - IMR Conference (Syd)
13-20 Oct - Research Roundtable Intl (US)
27 Nov - Research Roundtable (Syd)
28 Nov - Research Roundtable (Mel)

*** 2019 ***
19 Feb - Markets Summit (Syd)
20 Feb - Finology Summit (Syd)
12 Mar - farrelly's User Group (Mel)
13 Mar - farrelly's User Group (Bne)
26 Mar - farrelly's User Group (Syd)
17-20 Mar - IMAC (Syd)
02 Apr - Research Roundtable (Syd)
03 Apr - Research Roundtable (Mel)
16 Apr - IMR Workshop (Syd)
16 May - Masterclass NZ Dinner (Akl)
17 May - Masterclass NZ (Akl)
23 Jul - Research Roundtable (Syd)
24 Jul - Research Roundtable (Mel)
21-22 Aug - Strategies Conference (Syd)
08-11 Sep - IMAC (Syd)
19-20 Sep - IMR Conference (Syd)
19-26 Oct - Research Roundtable Intl (US)
26 Nov - Research Roundtable (Syd)
27 Nov - Research Roundtable (Mel)

*** 2020 ***
18 Feb - Markets Summit (Syd)
19 Feb - Finology Summit (Syd)
10 Mar - farrelly's User Group (Mel)
11 Mar - farrelly's User Group (Bne)
19 Mar - farrelly's User Group (Syd)
15-18 Mar - IMAC (Syd)
28 Apr - Research Roundtable (Syd)
29 Apr - Research Roundtable (Mel)
07 Apr - IMR Workshop (Syd)
21 May - Masterclass NZ Dinner (Akl)
22 May - Masterclass NZ (Akl)
21 Jul - Research Roundtable (Syd)
22 Jul - Research Roundtable (Mel)
19-20 Aug - Strategies Conference (Syd)
06-09 Sep - IMAC (Syd)
17-18 Sep - IMR Conference (Syd)
17-24 Oct - Research Roundtable Intl (US)
24 Nov - Research Roundtable (Syd)
25 Nov - Research Roundtable (Mel)

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