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

Undiscovered Fund: A unique way to access emerging markets

A fundamentally driven and benchmark unaware exposure to smaller companies within the emerging markets sector, this fund represents a unique way for investors to access emerging markets.

Zenith Investment Partners1.00 CE More

Passive investing - reshaping the investment landscape

Game changer or new danger? The rise of passive funds throughout this decade is recalibrating the traditional core-satellite portfolio model.

Amin Rajan More

China’s Belt and Road Initiative is less than meets the eye

China’s Belt and Road initiative is expected to reshape the global economic landscape. However, the plan is poorly understood. It may generate political "returns" but opportunities for investors will be limited.

Alex Wolf0.25 CE More

Are we in a corporate debt bubble?

Since the GFC, the value of non-financial companies' outstanding bonds has nearly tripled. While a correction seems likely, the broad shift toward bond financing is actually a welcome development.

Susan Lund 1 commentMore

As we approach peak growth, gear down risk allocation

The global economy is approaching peak growth and investors should prepare for increasing left tail risks. This may be an opportune time to increase allocation to bonds as an insurance policy.

Rob Mead0.50 CE More

Most retirees need to eat capital

There is often confusion about income in retirement. In most cases, some income measures won't give retirees enough to spend, resulting in a lower standard of living than they could be enjoying.

Aaron Minney 1 commentMore

A few investment selection faux pas

Over the years, I've seen countless portfolios. Virtually all have had a pre-defined asset allocation aligned to a risk profile. But occasionally, that's where the alignment ended.

Michael Furey More

Don’t write off America

To paraphrase Mark Twain, reports of America’s retreat are greatly exaggerated. Even if China can sort out its long-term demographic problems, other big challenges loom.

Tom Switzer0.25 CE More

Beware the trifecta of desire

Practitioners demand a trifecta from fund managers - performance, simplicity, connection. But many great investments are contrarian and uncomfortable.

Douglas Isles0.25 CE More

Beware Quantitative Tightening!

Quantitative Tightening is jangling the nerves of investors around the world. It's unprecedented and so no-one knows for sure exactly how it will play out. But all the evidence points to QT being a non-event.

Tim Farrelly 1 commentMore

Can the Euro be saved?

The euro was supposed to bring shared prosperity, which would enhance solidarity and advance the goal of European integration. In fact, it has done just the opposite, slowing growth and sowing discord.

Joseph Stiglitz More

Research Review: Biases in recommendations

Two recent academic papers focus on how advice provided to investors might be distorted. The first relates to the disposition effect; the second looks at the impact compensation on advice given.

Ron Bird1.00 CE More

Italy, tariffs are sideshows – the US is the main story

With US unemployment running at just 3.8% (equal lowest rate since 1969), the Fed will have to hike rates four times this year, with the risk that bond yields go not just to 3.5% but somewhere well north.

Brett Gillespie 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

The old allure of new money

There are now nearly 2,000 cryptocurrencies, and millions of people worldwide are excited by them. As with past monetary innovations, a compelling story may not be enough.

Robert J. Shiller More

Forum Fodder 20 July 2018

This week in Forum Fodder: Roubini - Trump may kill global recovery; Farrelly - Geopolitics to the fore; Bradley - 5 investment committee tools; Gillespie - On the cusp of an EM crash; Schowitz - Tech's impact in your investment choices...

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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