No middle-income trap for China

Yes, the days of 10% Chinese growth are over. That was inevitable. But there are five key reasons to dismiss the now-widespread diagnosis that China is ensnared in the middle-income trap.

Stephen Roach More

Research Review: What we need to know about fund managers

Most of us use funds in clients' portfolios. Three new research papers look at what differentiates fund managers, highlighting factors we probably never considered important.

Ron Bird1.00 CE More

Cohesion is critical to investment management success

Stars are celebrated yet funds management is a team pursuit. Behavioural finance tends to focus on individuals' biases, but teams' behaviour determines results.

Douglas Isles0.50 CE More

Stay invested but prepare for volatility

On some measures, global equity valuations are the most attractive in several years. Risks, however, have certainly increased and in many cases are more difficult to frame.

Ronald Temple0.25 CE More

Bond returns are competitive again

For the first time in a decade, bonds can compete against equities on returns. High quality, investment grade corporate bonds can deliver mid-single digit returns for a third of the volatility of equities.

Mark Kiesel More

Understanding the Fed's dovish turn

The US Federal Reserve surprised markets recently with a large and unexpected policy change. The new normal will be a US policy rate close to or just below 3%.

Nouriel Roubini More

China is reforming, not in crisis

Nearly a decade after one of the great debt binges of all time, Chinese economic growth and credit creation have slowed. Today, stimulus is being undertaken. This is not a crisis, this is reform.

Julian McCormack0.25 CE More

Being the most trusted brand is essential in fiery times

The best chance for survival among what were regarded as the most defensive of stocks is to be the biggest, most revered brand – or at least hold second spot. Others will struggle and many will disappear.

Vihari Ross0.25 CE More

New Word Order - It's not what you say, it's what they hear

The way investors respond to the language of financial services can be influenced by using the right words, avoiding others, and structuring messages to overcome skepticism.

Gary DeMoss0.50 CE More

Climate change-related regulation

Compared to physical risks, investors have a much greater ability to incorporate carbon and related pollution regulations into investment decisions.

Colonial First State Global Asset Management More

Imputation refunds have to go?

The idea that imputation refunds are an unfair, expensive rort is gaining acceptance in the community. The Labor proposal is not fair, nor much of a revenue earner. It's not even nuts. It is just wrong.

Tim Farrelly 19 commentsMore

Modern Monetary Nonsense

The arguments of supporters of Modern Monetary Theory have a grain of truth, but also rest on some fundamental misconceptions and have unpredictable, potentially serious consequences.

Kenneth Rogoff More

The post GFC 'cheap money' bubbles are popping

For most of the last 10 years, the world's major central banks have been creating significant amounts of cheap money, inflating several bubbles. Those bubbles are beginning to burst.

Chris Watling0.25 CE More

2019 Markets Summit - my key take outs

My key takeout was that perhaps markets entered an inflection point through 2018 and, accordingly (if they haven't already), investors need to think about how they position portfolios.

Stephen Miller More

Move over risk/return profiles - values define clients' needs

Only by making the effort to understand and align investment beliefs with values can we get a sharper understanding of our clients' true objectives and provide solutions that will really meet their needs.

Tassos Stassopoulos0.50 CE More

Investors need a new measure of economic growth

Much macroeconomic analysis is very narrow in scope. ESG factors are ignored all together. A new indicator of national progress measures economic dynamism and progress on meeting ESG goals.

Stephanie Kelly0.25 CE More

Are financial crises unpreventable?

Banking and finance are an extreme case of governance and policy failures, where the abuse of power and lack of trust in institutions undermine capitalism and democracy.

Anat Admati 1 commentMore

Building future-proof portfolios requires emotional agility

The future is, by definition, uncertain, as are financial markets. To prosper in such an environment, we need to be emotionally agile in order to align our values and actions and, in turn, help investors achieve their financial goals.

Susan David0.75 CE More

Physical impacts of climate change

Climate change is affecting countries, companies, assets and communities in a variety of ways. Good stewardship of client assets requires investors to consider these issues.

Colonial First State Global Asset Management More

The heat is on - where investing meets investors

Human beliefs, biases and behaviours are central to the behaviour of financial markets, causing financial and economic instability to persist.

Pippa Malmgren0.50 CE 1 commentMore

A mixed economic bag in 2019

There may be enough positive factors to make this a relatively decent - albeit mediocre - year for the global economy. But a global growth-stall and sharp market downturn could come in 2020.

Nouriel Roubini 1 commentMore

Forum Fodder 12 Apr 2019

What's new with our continuing education, accreditation and certification programs.

Graham Rich More